UK government spending watchdog confirms what we already knew: There really is NO BREXIT DIVIDEND

The Leave campaign infamously claimed Brexit would result in a £350m a week dividend for the UK.

This is not news.

We’ve been saying this ever since the stupid ‘Brexit bus’, with its lie that £350 million per week would become available for the NHS, was first rolled out.

And the Institute for Fiscal Studies made it clear that there is no ‘Brexit dividend’, exactly one month ago – as reported by This Site here.

It isn’t even news that known liar Theresa May has used the Leave campaign’s lying ‘Brexit dividend’ claim to lie to the country again. What else are we to expect from a liar?

The Government’s official and independent spending watchdog has confirmed that there will be no “brexit dividend” for the UK, despite the claims of ministers.

Theresa May said last month that the extra £20bn a year pledged to fund the health service would be partially paid for by UK money no longer being sent to the European Union.

That claim was universally slammed by economists as grossly misleading, since the Government’s own projections suggest Brexit is already weakening the public finances, rather than strengthening them and that any fiscal gains from zero EU payments will be wiped out by feebler tax revenues.

The Government has also already earmarked much of those net £13.3bn a year EU budget payments for other major spending items such as support for farmers and science.

And on Tuesday the Office for Budget Responsibility, established in 2010 to provide authoritative and independent fiscal forecasts for the Government, confirmed that no Brexit boost for the public finances is expected.

“Our provisional analysis suggests Brexit is more likely to weaken than strengthen the public finances overall,” the OBR said in its latest Fiscal Sustainability Report.

Source: ‘Brexit dividend’ for health service a myth, Government’s official spending watchdog confirms | The Independent

Visit our JustGiving page to help Vox Political’s Mike Sivier fight anti-Semitism libels in court


Vox Political needs your help!
If you want to support this site
(
but don’t want to give your money to advertisers)
you can make a one-off donation here:

Donate Button with Credit Cards

Here are four ways to be sure you’re among the first to know what’s going on.

1) Register with us by clicking on ‘Subscribe’ (in the left margin). You can then receive notifications of every new article that is posted here.

2) Follow VP on Twitter @VoxPolitical

3) Like the Facebook page at https://www.facebook.com/VoxPolitical/

Join the Vox Political Facebook page.

4) You could even make Vox Political your homepage at http://voxpoliticalonline.com

And do share with your family and friends – so they don’t miss out!

If you have appreciated this article, don’t forget to share it using the buttons at the bottom of this page. Politics is about everybody – so let’s try to get everybody involved!

Buy Vox Political books so we can continue
fighting for the facts.


The Livingstone Presumption is now available
in either print or eBook format here:

HWG PrintHWG eBook

Health Warning: Government! is now available
in either print or eBook format here:

HWG PrintHWG eBook

The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here:

SWAHTprint SWAHTeBook

3 thoughts on “UK government spending watchdog confirms what we already knew: There really is NO BREXIT DIVIDEND

  1. NMac

    I very much doubt he right wing press will report these vital facts. They want their readers to remain in cloud-cuckoo-land.

Comments are closed.