Thursday, November 24, 2016
The figure they didn't put on the side of a bus
Any pretence that we will have an extra £350 million a week to spend on the health service surely went out of the window today when the Chancellor stood up in the House of Commons and outlined the financial consequences of the Brexit vote.
As the Daily Mirror reports, the Independent Office for Budget Responsibility's figures estimate the national debt will spiral above 90% of GDP. While estimates for growth in 2016 are marginally higher, up from 2 to 2.1%, the paper reports that they drop staggeringly from 2.2% to 1.4% in 2017.
The OBR said hugely increased borrowing will total £122 billion over the next few years. And its analysis shows £58.7bn of borrowing over five years was "related to the referendum result and exiting the EU".
According to the paper, the Open Britain group say that this means Brexit will cost £226 million a week, a far cry from the Leave campaign's claims of £350 million extra a week for the NHS that were plastered down the side of a bus.
If those who lied about the money the NHS would receive after Brexit and then left others to sort out the mess they created, had put on the side of the bus that actually it was going to cost us an extra £226 million a week and that the health service would not see an extra penny, maybe the country might have voted differently.
As the Daily Mirror reports, the Independent Office for Budget Responsibility's figures estimate the national debt will spiral above 90% of GDP. While estimates for growth in 2016 are marginally higher, up from 2 to 2.1%, the paper reports that they drop staggeringly from 2.2% to 1.4% in 2017.
The OBR said hugely increased borrowing will total £122 billion over the next few years. And its analysis shows £58.7bn of borrowing over five years was "related to the referendum result and exiting the EU".
According to the paper, the Open Britain group say that this means Brexit will cost £226 million a week, a far cry from the Leave campaign's claims of £350 million extra a week for the NHS that were plastered down the side of a bus.
If those who lied about the money the NHS would receive after Brexit and then left others to sort out the mess they created, had put on the side of the bus that actually it was going to cost us an extra £226 million a week and that the health service would not see an extra penny, maybe the country might have voted differently.
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We now need all progressive pro-Europe parties and supporters to hire a big red bus with the words
Brexit is costing us £226 million a week.
Scrap Article 50 now - and spend it on our NHS
How about it Peter ?
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Brexit is costing us £226 million a week.
Scrap Article 50 now - and spend it on our NHS
How about it Peter ?
# posted by 
: 9:30 AM
: 9:30 AM
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