Reality Check: How much will Brexit cost?

Reality Check: How much will Brexit cost?
 

The claim: The Office for Budget Responsibility predicts that the government will have to borrow an extra £58.7bn as a result of the UK's vote to leave the European Union, a forecast that is too gloomy according to some commentators.
Reality Check verdict: All forecasts are uncertain. The OBR is predicting a considerable amount of extra government borrowing as a result of the vote to leave the European Union, but its overall forecast is more optimistic than the Bank of England and the average of independent forecasters.
Much of the gloominess comes in the early years of the forecast, which... read more

 
24 November 2016 in Business, Views: 45
Source: BBC
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