F1, gadget fan, EDM, Nutella, Paraplanner 🇪🇺 Twitter refugee. From the south but living in Sheffield, UK. Supporting LongCovid sufferer. Dog owner. 🏳️🌈Ally Pro 🇺🇦 🟢 Party Member
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As Rachel Reeves (finally) swings behind an explicit statement that Brexit has cost the UK around 8% of GDP, we might ask what that looks like:
It equals around £224bn a year (in 2025), which given the UK's tax burden of around 35% is £78bn in lost tax revenue a year.
So if you wondering why the public sector is under-funded, while a continuing austerity logic is always in play, this lost tax income for the state is also contributing to budget shortfalls.
RE: https://social.vivaldi.net/@ianbetteridge/116232933672155709
A very good thread about UK economic mismanagement
About bloody time.
It's just a pity this bill doesn't also boot out the bishops.
Emeritus Prof Christopher May
Stephen Farrow
