Predictions of £40bn hit to public finances from Brexit ‘correct’
https://www.thetimes.com/business-money/economics/article/predictions-of-40bn-hit-to-public-finances-from-brexit-correct-bzr63nw8d
Posted by TableSignificant341
Predictions of £40bn hit to public finances from Brexit ‘correct’
https://www.thetimes.com/business-money/economics/article/predictions-of-40bn-hit-to-public-finances-from-brexit-correct-bzr63nw8d
Posted by TableSignificant341
15 Comments
And people want to vote in the guys that came up with the idea.
Honestly sometimes I think this country gets the government it deserves.
Tell you what. Roll back all those additional taxes and then charge it to the pensioners, seeing as they massively voted by like 8/10 to gimp all of us, who work and provide their pensions, I say we make them pay for their own stupid fucking mistake.
It would be generally preferable if you could actually track who voted for what so that anyone who voted leave has their wage or pension or benefit garnished for it. Absolute fucking knuckle dragging decision, getting finessed by dumb Russian propaganda you could deconstruct with a 2 minute google search.
Yes. I’m angry. When the Tories ignored the problem and Labour take it on by increasing taxes, making us all poorer, this is Brexit, which we fought for and got called project fear and remoaners.
Brexit the gift that keeps on giving. Russia invested wisely in the Tories as this bomb just keeps on bouncing.
Ah the “Immigrants cant steal your jobs if there are no jobs.” economic policy.
That’s 40 billion of tax not coming into the government. Think about the 100billion that would be churning in the economy if we hadn’t voted for Brexit. Ask yourself this next time Jobs, the NHS, or any public services aren’t doing well. Also, the cuts that won’t be necessary to make up this short fall. Brexit was always stupid conspiracy nonsense. Who really believed the nation could make X money if only you just did Y!… all from home!
Don’t forget, we are saving a shit ton of money by not paying into the EU budget, we are also not liable for EU federal borrowing, for the Covid bailout, nor the green deal. We have all this and a FTA.
In some ways, we have a better deal, especially with the new carve outs that Labour have secured. We also quickly secured a trade deal with Trump, whereas the EU is being hurt as it drags its feet. We have access to various EU schemes, with a budget contribution, which is fair.
We are also the fastest growing G7 nation in the last 6 months.
Edit: https://www.cityam.com/the-uks-services-sector-has-outperformed-since-brexit-and-the-city-is-leading-the-way/
https://www.euronews.com/business/2025/05/16/uk-becomes-fastest-growing-g7-economy-after-strong-first-quarter
I was just thinking I haven’t seen a Brexit article in a few days.
One day we will make a week with no mention of it.
I unfortunately had a conversation with a Reform voter last week (I didn’t know this until they started talking politics). We were talking about the nice weather and Strawberries she was growing and somehow got to Farage and “Evil Keith Stamer” wanting to take us back in the EU Do they say his name wrong on purpose?
She said the EU was bad because of how much it was costing us. I said to her we got a lot back from being in the EU. She almost stepped back she was so offended. She said we didn’t EU a a single penny. She genuinely thought the UK benefited nothing from being in the EU.
These people don’t have a basic understanding of how things work. They couldn’t explain to you what the EU actually is and what it was for and how it affected their lives.
Its worrying, you can’t win with these people because they don’t have the ability to have a rational thought.
Looks like project ~~fear~~ right, wasn’t fear mongering after all… Who knew
I get goods stuck in customs every fucking week. Fuck Brexiteers
Should be a chain hanging around Farages neck every time he speaks about any economic policy.
Farage sold brexitiers the lie that leaving EU would make us richer, instead it has dragged the UK down and continues to absolutely strangle our economy, it also lead to absolutle massive spike in prices we continue to see (50% in past 4 years)
Yet he gets absolutely scot free away from this massive damage done to the UK, and still people think he can actually be PM after causing so much economic damage to the country and he wasn’t even a f*king MP then, and still believe anything he that he says like gospel without actually challenging the snake oil salesman.
If you believed the propaganda from Vote Leave you’d think that people voted to leave to stop illegal immigration and spend more on the NHS. The benefits of membership were always dismissed. I wonder what they think now?
£40 billion over a decade is a very small number. For context the UK’s GDP is more than £2750 billion a year.
We have actually been growing faster than Europe’s biggest economies since 2020 (catching up with Germany and overtaking France) – see the data below from the IMF:
GDP per capita 2020:
France 39.23 thousand; United Kingdom 40.23 thousand; Germany 47.34 thousand.
GDP per capita 2025:
France 46.79 thousand; United Kingdom 54.95 thousand; Germany 55.91 thousand;
Source: https://www.imf.org/external/datamapper/NGDPDPC@WEO/OEMDC/ADVEC/WEOWORLD/FRA/GBR/DEU
But that’s okay cause we’re saving £350m every week. The big red bus said so!
Right?… right?!!
Are the people who predicted this now listend to? Nope.
Are the people that pushed this held to account at all? Also nope.
Seems that it doesn’t matter how right or wrong you are so long as the opinion you spout aligns with the interests of the powerful.