stu1102 wrote:A while back MickF asked how much had Brexit cost the economy the answer then was approx. 40 £ Billion
Latest figures from the Institute of Fiscal Studies (IFS) and Citi Bank study revea in todays 'Times' l:
Economy is about £60 billion smaller than if the country had voted to remain in the EU
The economy is between 2.5 and 3% smaller than if Britain had voted to remain in the EU
IFS forecasts Johnson will need an extension but even with that growth would remain at 1%. The economy would continue to suffer from uncertainty with business investment 15-20% lower than if Britain had remain in the EU
Whilst UK business investment was among the highest of developed countries before the referendum it has now fallen to its lowest
Notes to self
A fully funded and staffed teaching hospital takes about £10billion to get off the ground
Latest figures based IFS, FT and Bloomberg data
£76 Billion =Economy is about £76 billion smaller than if the country had voted to remain in the EU
£76 billion gets you 3,307,400 nurses at £23.000 a week
£76 billion gets you 42 new hospitals
£76 Billion gets you 3,924.000 police officers at 19k each roughly
BUT REMEMBER
There will be no downside to Brexit, only a considerable upside
David Davis
10 October 2016
Getting out of the EU can be quick and easy – the UK holds most of the cards
John Redwood
July 17 2016