Skip to main content

Brexit costing Britain £500m a week and rising, says report

Economy 2.5% smaller than it would have been if UK had voted remain, says thinktank

Brexit is already costing the public purse £500m a week, new research has found – a stark contrast to the £350m “dividend” promised by the Leave campaign. The Centre for European Reform’s analysis also suggests that the government’s austerity drive would be on the way to completion had Britain voted to stay in the European Union.

It shows that the UK economy is already 2.5% smaller than it would have been had Remain won the referendum. Public finances have been dented by £26bn a year, more than half of the defence budget. This translates to a penalty of £500m a week, a figure that is growing.

Continue reading...

from The Guardian https://ift.tt/2xP335R
Labels:

Comments

Post a Comment

Popular posts from this blog

England booed off after failing against Iceland once more in Euros warm-up

It was a long way from being the triumphant Euro 2024 send-off for Gareth Southgate and his England players at a sold-out and increasingly fretful Wembley. Never mind the result because it was not the main thing, however much it stirred memories of you-know-when against Iceland. It was the performance that raised the difficult questions, the worst one for quite some time and at exactly the wrong time. The home fans, thousands of whom made for the exits before the end, were forced to watch the second half – from about minute 55 onwards – through the gaps between their fingers. And it had not been great before that. Continue reading... from The Guardian https://ift.tt/4ndfQL0
Post a Comment
Read more

Covid-19 cases in England 'must fall to ease NHS pressure'

Imperial College study notes decline in week to 22 January but fall is slower than in first national lockdown Coronavirus – latest updates See all our coronavirus coverage Cases of coronavirus have started to decline in England but must fall faster to relieve pressure on the NHS, scientists behind a Covid infection survey have warned. Researchers at Imperial College London analysed more than 160,000 swabs taken between 6 and 22 January and found that while cases fell nationally in the past week the rate was not dropping swiftly enough to reduce strain on the health service. Continue reading... from The Guardian https://ift.tt/36ggn4E
Post a Comment
Read more

Trump to campaign in 4 states - including in Biden's hometown - during week of Democratic National Convention

Trump plans to hold a series of events next week in Pennsylvania, Wisconsin, Minnesota and Arizona as Democrats nominate Joe Biden for president.             from USATODAY - News Top Stories https://ift.tt/3al6qn7
Post a Comment
Read more