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Tories facing £12 billion Brexit black hole

February 4, 2020 10:15 AM
By Ellen Nicholson

Responding to reports that the govt is a facing £12bilion Brexit black hole in three years according to Financial Times analysis of BoE forecasting, Liberal Democrat acting leader Ed Davey said:

"Boris Johnson is not fit to run the UK's economy.

"This grim forecast for the nation's coffers is a warning that his plan to hollow out our vital trading relationships with Europe is nothing short of reckless.

"Johnson's Brexit is taking Britain's public finances to the brink. He must halt his charge to a No Deal or Hard Brexit and guarantee instead the closest trading relationship possible with the EU. Otherwise there'll be no money in the future for the NHS, schools and police."

South West Wiltshire PPC Ellen Nicholson said "These figures in addition to the Tory led Brexit will further hollow out public sector funding, yet just 6 weeks ago Conservatives promised voters that they would protect these services. It seems this trust may have been misplaced.

#HoldThemToAccount

https://www.ft.com/content/27b81994-4690-11ea-aeb3-955839e06441 £12bn black hole ()