UK will save no money from Brexit for next five years, says OBR
The UK will save no money from leaving the European Union over the next five years and is set to pay its Brexit divorce bill until at least 2064, according to the government’s independent budget watchdog.
Outlining the cost of severing links with the EU, the Office for Budget Responsibility said government spending up until 2023 would have been the same if the UK had voted to remain in the 2016 referendum.
On the current course assumed by the OBR, the financial settlement required to leave the EU and spending to replace European funding in the UK will cost the country just as much as full... read more
- 18:30 School shuts ‘after 150 pupils riot outside during lunchtime’
- 18:28 Tiger Woods: Phil Mickelson reckons his old rival is back to his...
- 18:28 'Treated like pariahs': contaminated blood victims tell their stories
- 18:27 Live: Councillors debate whether to permit £26m testing track on...
- 18:26 Angola's Jose Filomeno dos Santos detained over 'fraud'
- 18:24 MOT diesel test not performed in NI for 12 years
- 18:24 Car catches fire at Sutton Coldfield petrol station as driver...
- 18:21 Phil Mickelson would ‘welcome’ Ryder Cup pairing with Tiger Woods
- 18:21 RFU ‘perplexed’ at Agustín Pichot’s attempts to reform rugby calendar
- 18:19 Action to thwart flow of illicit funds into UK is working, claims May
- 18:19 Labour unexpectedly drops plan for female co-deputy leader
- 18:19 Laura Plummer's family release statement after devastating appeal blow
- 18:17 Making a Murderer to return for a second season in October
- 18:16 The odds on John Terry and Thierry Henry becoming new Aston Villa...
- 18:16 Woman suffers facial fractures after interceding in argument in...
- 18:13 Boss Boyd gives full Saints injury update ahead of Bristol battle
- 18:12 Apprentice star ‘overwhelmed’ by shop response
- 18:12 Chelsea news: Zola makes Hazard prediction, Klopp in Sarri title...
- 18:12 Police spy on drivers from double decker buses to catch people on...
- 18:11 Waitress musical 'a tribute' to late film director Adrienne Shelly
- 18:11 Ollie Locke from Made in Chelsea gets engaged
- 18:11 Labour pledges to expand free childcare programme
- 18:11 Tuesday at the Labour party conference
- 18:08 Angela Merkel urges UK to reach ‘sensible’ Brexit plan
- 18:06 Work begins to build school for autism in West Cumbria
- 18:05 Important business vote for Stratford district looms
- 18:03 Roadworks latest: Where to expect delays on Wednesday, September...
- 18:03 Beavers to help tackle ‘dam’ nuisance of national park flooding
- 18:03 Ryder Cup: Phil Mickelson thinks he and Tiger Woods could play...
- 18:02 Santander appoints new chief executive