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Autumn Statement – BREXIT Blackhole

by Douglas McCall on 24 November, 2016

The cost of BREXIT is being revealed.

The cost of BREXIT is being revealed.

 
£60bn direct cost of Brexit – £220bn black hole for the public finances
 
The OBR has worked out that the direct cost Brexit will amount £60bn over the next five years. The annual cost will be around £15bn a year after the UK leaves, or £288m a week. The OBR has also forecast a rise a unemployment and a fall in living standards. Meanwhile, the total cost to the public sector will be £220 billion.
 
So, no extra £350M a week as promised by the Leave Campaign, but instead a COST of £288M per week. That is £638M less that Farage, Johnstone & Co promised. What a con.
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