On top of the increased shrinking of the state that the Tories have already signposted, it seems high-profile public projects will be abandoned due to a lack of funds, leaving the country less competitive in the world markets.
If you know anybody who voted ‘Leave’, and you hear them complaining about these failures in the future, please remind them it’s what they wanted.
Billions of pounds’ worth of public projects will have to be scrapped by Theresa May because of a “tidal wave” of pressures from an impending Brexit, the head of Whitehall’s official spending watchdog has said.
The comptroller and auditor general of the National Audit Office, Sir Amyas Morse, said the government would have to treat leaving the EU as an “emergency” and that government departments would be forced to decide which plans could be cancelled or suspended.
Major projects such as the Hinkley Point C nuclear plant, a third runway at Heathrow and the ambitious HS2 rail project would have to be reassessed as the government decides which can be done without, he told the Guardian.
Others which will be re-examined include the £7bn refurbishment of the Palace of Westminster, the London commuter line Crossrail 2 and former chancellor George Osborne’s northern powerhouse strategy.
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