Quote:
Originally Posted by Big Brian
But how do you know this? Because the Treasury say so? They just don't know. They are putting forward worse case scenarios which will never happen. We'll take a small hit and recover within a year.
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I am saying in the event we take a economic hit it's likely that will cost the treasury more than the money saved in contributions. In the context of government budgets £10 billion isn't groundbreaking.
As for why I believe there will be a hit well it isn't just the treasury. There is a broad amount of support for the idea there will be an economic hit. Including the IMF, the LSE, OECD and so on. Pretty much every major economic body has warned of it.
This FT article is pretty good too:
https://next.ft.com/content/70d0bfd8...d-09f7778e7377
Say 'no, it'll be fine' isn't convincing.