UK will save no money from Brexit for next five years, says OBR

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

 
13 March 2018 in Business, Views: 40
Source: Guardian
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