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re: [Update] The UK votes to leave the EU
Quote:
Originally Posted by heero_yuy
What we can be certain of, in the short term, is that we will not be giving £18bn a year to the EU. Some of that saved money would need to be spent to replace money that EU sends back (~£8bn), for example to farmers, but we would then be in control of that spending and could probably target it better whilst reducing it.
Either way there's £10bn in the pot for HMG to spend as they see fit.
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This is assuming no drop in the economy though. £10bn would be wiped out with a slight drop in growth (from where we otherwise be).
Last edited by Damien; 03-06-2016 at 13:52.
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