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May refuses to back Boris Johnson's claim there will be 'Brexit dividend'
Theresa May has given an interview to the BBC’s Laura Kuenssberg, and the BBC have sent out a transcript. Here are the main points.
May said said leaving the EU would free up money that could be spent on the NHS but she refused to back Boris Johnson’s claim that there would be a “Brexit dividend”. Johnson, the foreign secretary and leading Vote Leave campaigner, repeated this claim just yesterday.
Boris Johnson
✔
@BorisJohnson
Fantastic news about NHS funding - the fruits of a strong economy and a Tory government. Stand by for Brexit dividend !!
9:59 AM - Mar 28, 2018
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Asked about this, May said:
Of course, when we leave the European Union we’re no longer going to be sending spending vast sums of money, year in and year out, sending that money to European Union. So there will be money available here in the UK for us to spend our priorities , priorities like the NHS and schools.
But Kuenssberg asked three times if there would be a “Brexit dividend” and in her final question she asked specifically if May would used this phrase. May replied:
Look, there’s going to be money that, otherwise we would have been sending to the European Union that we’re going to be able to spend on priorities in the UK.
This is not just semantic trivia. The term “Brexit dividend” implies that there will be a net gain to the UK from leaving the EU. This is a key Brexiter claim, but one that is disputed by most mainstream economists (as far as they can make an assessment, which is only for the short and medium term). Leaving the EU will definitely free up money that otherwise would have been spent on EU contributions for services like the NHS, but economists say this will not compensate for the revenue lost from lower tax receipts resulting from lower growth. It sounded as if May was refusing to say there will be a “Brexit dividend” because she doesn’t believe it exists.
May refuses to back Boris Johnson's claim there will be 'Brexit dividend'
Theresa May has given an interview to the BBC’s Laura Kuenssberg, and the BBC have sent out a transcript. Here are the main points.
May said said leaving the EU would free up money that could be spent on the NHS but she refused to back Boris Johnson’s claim that there would be a “Brexit dividend”. Johnson, the foreign secretary and leading Vote Leave campaigner, repeated this claim just yesterday.
Boris Johnson
✔
@BorisJohnson
Fantastic news about NHS funding - the fruits of a strong economy and a Tory government. Stand by for Brexit dividend !!
9:59 AM - Mar 28, 2018
1,781
1,179 people are talking about this
Twitter Ads info and privacy
Asked about this, May said:
Of course, when we leave the European Union we’re no longer going to be sending spending vast sums of money, year in and year out, sending that money to European Union. So there will be money available here in the UK for us to spend our priorities , priorities like the NHS and schools.
But Kuenssberg asked three times if there would be a “Brexit dividend” and in her final question she asked specifically if May would used this phrase. May replied:
Look, there’s going to be money that, otherwise we would have been sending to the European Union that we’re going to be able to spend on priorities in the UK.
This is not just semantic trivia. The term “Brexit dividend” implies that there will be a net gain to the UK from leaving the EU. This is a key Brexiter claim, but one that is disputed by most mainstream economists (as far as they can make an assessment, which is only for the short and medium term). Leaving the EU will definitely free up money that otherwise would have been spent on EU contributions for services like the NHS, but economists say this will not compensate for the revenue lost from lower tax receipts resulting from lower growth. It sounded as if May was refusing to say there will be a “Brexit dividend” because she doesn’t believe it exists.