Someone help me out here please and apologies if this has already been covered elsewhere.
George Osborne has said that in the event of Brexit, he will have to raise taxes and slash public spending. Now, given that we give £350m per week (ok, I know this figure is disputed but either way, it's large) to the EU albeit getting some of this figure back, how on earth can this mean that we have less money as a country?
I know we need to repay the national debt and a percentage would be paid towards that, but surely it means we would have more money to distribute as we see fit?
Am I being thick and missing something fundamental? I realise it's a very simplistic view but I really do fail to see how it would mean cutting spending and raising taxes.
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Brexit
Confused about Brexit Budget Cuts
83 replies
TattyCat · 15/06/2016 12:42
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