Autumn Statement - BREXIT Blackhole
DMC
24 Nov 2016
£60bn direct cost of Brexit - £220bn black hole for the public finances
The OBR has worked out that the direct cost Brexit will amount £60bn over the next five years. The annual cost will be around £15bn a year after the UK leaves, or £288m a week. The OBR has also forecast a rise a unemployment and a fall in living standards. Meanwhile, the total cost to the public sector will be £220 billion.
So, no extra £350M a week as promised by the Leave Campaign, but instead a COST of £288M per week. That is £638M less that Farage, Johnstone & Co promised. What a con.