Steve Beasant

Liberal Democrat Prospective Parliamentary Candidate for Great Grimsby and Councillor for the East Marsh Learn more

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Brexit divorce bill just the down payment

by Steve Beasant on 29 November, 2017

The hit to the UK economy of pulling out of the single market and customs threatens to dwarf this £45bn.

The Brexit divorce bill will just be the down-payment on an economically disastrous extreme Brexit that would take us out of the single market and customs union, Liberal Democrat Brexit spokesperson Tom Brake has said.

Tom Brake said:

“Around £45 billion would appear to be the price Johnson and Gove et al are willing to pay for a deluded vision of an imperial Britain post-Brexit. This vision already sees the UK with higher inflation and debt, falling investment and less influence in the world.

“And this acrimonious divorce settlement will merely be the down payment. The hit to the UK economy of pulling out of the single market and customs threatens to dwarf this £45bn, with falling tax revenues and companies leaving the UK. Only the Lib Dems are fighting to save Britain’s free trade with its largest market and to give the people a say on the final deal.”

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