Brexit costing UK up to £90bn in lost tax revenue , new analysis shows
https://www.independent.co.uk/news/uk/politics/brexit-tax-rachel-reeves-budget-b2871536.html
Posted by F0urLeafCl0ver
Brexit costing UK up to £90bn in lost tax revenue , new analysis shows
https://www.independent.co.uk/news/uk/politics/brexit-tax-rachel-reeves-budget-b2871536.html
Posted by F0urLeafCl0ver
36 Comments
There’s a black hole for you.
The UK’s “emperor has no clothes” is Brexit, when will politicians have the bollocks to call a spade a spade and Brexit an abject failure?
I think this is equivalent to about 4% on the basic rate?
And yet somehow people want that conman NF in-charge of the country
Can’t wait for the usual lot to perform some Olympic level mental gymnastics while they try to formulate a reason for why this is actually nothing to do with Brexit.
Yeah, it’s been a disaster.
Sure, the EU is nowhere near perfect and has some stuff I strongly disagree with like all the cookie banner nonsense and so on. But they seem to be repealing that now and finally focusing on growth.
So leaving just to go it alone was crazy.
While I am in full support of the UK in EU but has there been any benefits of brexit at all. Is there no scope for the changes being made that will improve our trajectory of where we are not moving forwards as apposed to us just being in the EU. Im angry enough with the situation as it is but I was wondering if there’s any silver lining to this awful mess.
90 billion is more than the bloody UK military expenditure ..wtaf!!!!
This fucking elephant in the room is trumpeting and screeching away, yet politicians still think it’s 2019 and the sunlit uplands are just a vote away.
The public knows, they know, but the problem with Brexit was that it was always about consolidating the absolute power of the state. So it’s a fundamental conflict of interests for every govt in power to do anything about it
costs, immigration/asylum have all gone up… tax intake, the NHS, wages and the overall economy have all gone down
Johnson has been exposed as a total imbecile, and figures close to Farage are being investigated or sitting in actual fucking prison for taking bribes from Russia
we tried Brexit and it’s been a completely failed experiment. reverse it.
Yeah. Well. We were warned. The idiot part of society didn’t listen. They’d “had enough of experts” as I recall. Shame they took us all down with them.
I struggled to find the actual data sets they used for this study in the article. Im guessing because there isnt any.
Im not denying brexit has been a detriment but im sick to death of being ‘told’ its cost the country billions and never given any real comparable figures between our economy before brexit, the current state of the EU economies and I never see covid mentioned in any of the figures.
The fact we had a pandemic that cost half a trillion pounds while trying to sort out the brecit debacle seems to be glossed over or completely ignored?
Its obviously going to have been an issue but just bounding around differing large numbers and blaming it on brexit is less than helpful.
Worse of all I dont think were going to rejoin so it seems more like an exercise in fecklessness and someone desperately trying to tell brexiteers ‘i told you so’.
The most annoying thing about this is no one actually knows what our economy would be doing if we stayed in the EU. Our exports still go predominantly to the EU, we still export financial services, our defence products are wanted EU wide and our prime minister is at every EU and global event that happens.
Lastly, the only people I ever see singled out as affected by brexit are meat exporters, cheese makers and travelling musicians. Im struggling to see where we’ve lost £90bn and the article couldn’t tell me either.
More buzzwords and no substance.
Wait are you telling us that Brexit was a bad idea?! Well they could have warned us!
Try explaining that to all my mates who are upset at labour and like good ol’ Nige. If the Lib Dem’s were to campaign on basically rejoining the EU next election I reckon they pick up a ton of votes. Obviously we wouldn’t get the deal we had but rejoining the customs union and striking some sort of freedom of movement deal would be a huge start.
And this is the elephant in the room for all budget that we have to keep on pretending we can’t see. It’s time to call it out properly
Anyone who believes this needs a checkup. You think we are losing 3% of GDP per year??? In just tax revenue alone? Wake up.
The independent is a russian psyop spreading misinformation to divide and conquer us without firing a bullet. The lib Dems are being useful idiots, and Russia isn’t even funding them like Reform.
UK is performing at he same level as France and better than Germany, both who are still in the EU
Our goods trade has been in long term decline with the EU. 0.29% of UK companies stopped exporting to the EU post Brexit.
There is zero chance these numbers are real. It’s another doppleganger model load of bollocks. There is a reason the original one got binned
We were told we’d save £350m a week. Instead Brexit costs roughly £250m a day, stripping £150 to £200bn a year from our economy.
No wonder the NHS and public services are falling apart… Those Brexit clowns, especially Boris and Farage, caused so much damage with their lies… They should be prosecuted for this….
I’ll always find it staggering that you can lie (on say a tax form) and cost the country a few hundred/thousand pounds and possibly face a criminal conviction and prison time. But if you lie and cost the country hundreds of billions then you’re safe from prosecution.
Similarly, terrorism – if you plant a bomb which causes millions of pounds of damage and jeopardises the lives of dozens of people – prison. But Brexit has caused more damage to the UK than a thousand “terror cells” could ever dream of inflicting, and will have ruined an untold number of lives.
And the media have people distracted. The crabs in the bucket are squabbling over who gets what bennies and pays what tax, and one of the biggest twats behind Brexit is going to walk into Number 10 and make things even worse.
There’ll be the usual voices in here shortly telling us that these economically illiterate morons at…let me check…OBR, Bloomberg, JP Morgan, Goldman Sachs, Peterson Institute, National Bureau of Economic Research…are all wrong.
It’s laughable seeing the vitriol from newspapers this morning like the sun, mail etc over the tax rises….but refusing to acknowledge the 90 billion that has just disappeared. We could literally solve all our problems by re-joining today. It’s not even an opinion but basic maths. And those who will be upset? Ignore them – their feelings don’t mean the rest of us suffer
Why the UK government is accepting it is beyond belief.
The only reason is that they want to rejoin the EU, ofc. with no public vote.. same as with Digital ID.
At least the EU is no longer a scapegoat or a shield to hide behind from criticism. It’s not perfect by any means but the way politician were laying all the blame at its feet no wonder people voted to leave.
Leadership and pseudo leadership that brought us brexit don’t acknowledge how bad brexit was
And how much did the Remain-supporting, pointless lockdowns and free hotels idiocy cost?🙄
Labour dont want to address Brexit as they know it will be used by Reform to take more votes from them
They dont BELIEVE in Brexit but are hamstrung
I’m a businessman who deals with Europe and have seen first hand how Brexit has affected business
– suppliers no longer wanting to ship to UK
– increased freight / tax costs for dealing with EU
– customers in EU turning away from UK suppliers
So for anyone to say any different than Brexit has reduced UK-EU trade is ill-informed or is not affected by it (looking at you Rees-Mogg)
But I have learnt that it is possible for people to block out the truth when it counters their own opinions
But let’s get Farage in after that went so well for him 🤡
I’m not British, but till this day I cannot believe the UK thought leaving the EU would be bullish.
Yeah. Brexit was a fuck up.
The problem we have is that the EU aren’t going to give us our old terms, it will be hard negotiations from which the EU will want to demonstrate what a terrible idea exiting is.
The appetite from the public for accepting the euro as our currency and having worse conditions isn’t going to be high. Half of the country voted for this and won’t want to accept a worse deal.
Which is a shame, because its in everyone’s interests to rejoin even if it’s not the deal of the century.
Brexit levy for Brexit voters and backers – that’s an idea.
One of the biggest self inflicted forms of economic harm in recent history.
A mixture of ignorance, dumb jingoism about sovereignty and misdirected discontent at the system. Completely played by some misaligned interest groups.
On the very simplest terms, why mug off your immediate neighbours for little reason? You wouldn’t do it on a personal level where you live so how is it any different on a national scale.
Now we all pay because of the 52%…
If we can’t undo Brexit, which let’s be honest, we probably can’t… we should can net zero as we aren’t bound by brussels. Start digging up our own coal again and use it to drive down electricity costs to be actually competitive globally again. We could actually reap the rewards of not being dictated to by the EU.
The lack of critical faculties on this sub is extraordinary.
Is nobody wondering why the indy is promoting this the day after Labour break their promise not to raise taxes for a second time?
No-one is pretending that brexit has led us to economic nirvana. But plenty of people are pretending it’s the root cause of all our economic woes. This sub seems to have drunk the kool-aid in no uncertain terms.
Such good savings of EU membership that is definitely going to the NHS so good isn’t it
Any party could put rejoining the EU on their manifesto, that would give them a mandate, and they wouldn’t need a divisive yes/no referendum on it either.
The question is why no party, even the rabidly pro-eu ones haven’t run with this at any of general elections since 2016.
And our debt interest cost £108bn last year alone how’s that for wasted tax money
Has there ever been a greater act of peacetime national self-destruction anywhere in the world, ever, than Brexit?