| Topic: | Re:Re:Re:Re:Re:Re:Re:Re::Pants on fire | |
| Posted by: | Huw Burford-Taylor | |
| Date/Time: | 19/09/17 13:29:00 |
| Hunting for snippets of doom & gloom? My dear chap, they're everywhere, I do my best to avoid the worst, but just for you here's the independent Office for Budget Responsibility assessment, which the chancellor has adopted as the Governments own: "The Office for Budget Responsibility forecasts the outlook for the UK economy and the public finances; these forecasts have been adopted by the chancellor as the governments own. They contain and allowance of almost £ 250 million per week - not £350 million - for funding that could in principle go to the NHS rather than the EU. But this would involve no state support for other activities, such as subsidies for agriculture, that are at present funded in the UK by the EU. The bigger picture is that the forecast health of the public finances was downgraded by £15 billion per year - or almost £300 million per week - as a direct result of the brexit vote. Not only will we not regain control of 3350 million weekly as a result of brexit, we are likely to make a fiscal loss from it. Those are the numbers which the Government has adopted. It is perhaps surprising that members of the government are suggesting rather different figures. Carl Emmerson Deputy director, Institute for Fiscal Studies." I have no interest in crowing "I told you so" or being "proved right." I'd rather see a course of action resulting in country wide systemic economic damage reversed. |