If that is a quote from Government sources, then it would not surprise me. But NOT necessarily because of a shortfall in available money. This lot will shaft us regardless of outcome. Brexit, a deal/no deal will all be an excuse to fleece us for years to come. One of the best reasons for not leaving or having the vote 1st time around, is that we cannot trust OUR politicians.
cloud cuckoo land - if the EU are happy with the deal that means they are better off - any changes to the deal to the UK's advantage even if a clean break and wto rules must therefore benefit the UK more so than the EU. So a no deal is better for us than the EU, which means we will be better off with a no deal. It's really very simple to figure out feck em
There would be a £10 billion per year shortfall according to Government figures. They will have to find that from somewhere. A 1% base rate increase raises about £2 billion. You can be damn sure they won’t be asking business to pay anymore as they think Brexit is a shit idea anyway. And they won’t tax those who can afford to pay. That leaves you and me. The Tory policy on austerity shows it will be you and me paying it. Income tax hikes are impossible to get round. The last budget the Govt said they would have to prepare another if May’s plan doesn’t go through.
Because we are going to have a downturn in turnover and profit immediately after leaving. Finance sector already being hit. Reduced investment by companies like Nissan, Toyota, who will choose to invest in EU countries to build EU market products. Pound will devalue more, imports rise in cost. Such as food, fuel, oil priced by dollar so weaker exchange means more cost. Also and just as likely; because the Government is just as palpable as many in finance and big business accounting..they cook the books to hide the truth. Great excuse to expose some of the hidden debt and hammer the public with more taxes.
Bear with me I'm still learning here. I don't get how we would know this will happen ? That probably is true, but raising income tax by 5% as duke said i can't see being a vote winner, even with crap opposition.
The only government figures being bandied about at the moment relate to UK - EU trade. The UK - World trade figures should provide immediate opportunities as we wouldn't have the EU negotiating for us, which is generally driven by the fears of any one of the other 27 countries to the disadvantage of the other 26. Tb
As the pound reduced, we sold shit load more this bringing in higher volume revenues, a higher footsie on the 100 and 250 but shhhhh some only want the doom and gloom side. Again, this is Hammond's projections which so far have been mostly scaremongering and not laden with facts but mucho scareo
