Spending Review must factor Brexit’s impact on GDP

By Michael Burton | 28 November 2018
  • Michael Burton

One question from last week’s EU backing for Theresa May’s Brexit deal is what this means to the public finances and how this can be factored into the next Spending Review.

Despite economists rubbishing claims that savings on EU contributions post-Brexit could be diverted to the NHS, the Prime Minister continues to make them. Announcing last week an extra £3.5bn for community healthcare to reduce bed-blocking Theresa May said: ‘Leaving the EU means taking back control of our money as we will no longer be sending vast sums to Brussels. This helps our public finances and means we have more money to spend on domestic priorities like our NHS.’

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