The Consequences of Brexit [part 4]

[Car Boot]

hhhhhhhhhhhh

 

Tax revenues will fall as a result of Brexit? This economic prediction is not based upon the predicted severe recession and very high unemployment that failed to materialise when we voted to Leave. That has been quietly dropped.

 

These lower tax revenue claims are based on the UK having less of an increase in tax revenues than we MIGHT have had IF the pre-referendum forecasts of economic growth (IF we had voted to Remain) were accurate and not at all wrong and wildly optimistic - which they have been for years.

[Bob Arctor]

I had breakfast in bed this morning, and it was only possible because of Brexit

[I1L2T3]

If you’re going to dispute Brexit forecasts and you are predicting windfalls it would be best if you have forecasts to back that up.

 

Otherwise it’s just mindless propaganda

[Longcol]

Its more of a Brexit windfall.

 

No it isn't.

 

https://www.independent.co.uk/news/uk/politics/nhs-funding-latest-20-billion-theresa-may-tax-rises-brexit-dividend-a8402951.html

 

“Don’t even begin to swallow any rubbish that this will be some Brexit bonanza,” tweeted Sarah Wollaston, the Tory chairman of the Commons health committee.

 

“In reality the tax rises & borrowing will need to be higher as a result.”

[ez8004]

Quite so, the notion has just been utterly demolished on the Sunday Politics.

 

The "Brexit dividend" really means increased income tax rises.

 

Hope not. Hope it's an NI increase so "everyone" gets to pay. Also, increasing NI is only the sure way to insure that the money goes to the NHS.

 

I would gladly pay a 1-2% increase in NI to fund the NHS.

[I1L2T3]

Hope not. Hope it's an NI increase so "everyone" gets to pay. Also, increasing NI is only the sure way to insure that the money goes to the NHS.

 

I would gladly pay a 1-2% increase in NI to fund the NHS.

 

So in reality what May is probably doing is setting expectations of how we will fund the NHS, despite Brexit.

 

We could increase tax and NI any time to fund it if the will was there. And that has nowt to do with leaving the EU.

 

She’s stating it pretty plainly IMO. Less revenue means more borrowing and higher taxes to fund the NHS.

 

The only ‘dividend’ here is a very belated Tory realisation that they need to fund the NHS adequately. But even then this ‘birthday present’ is like saying sorry I forgot to get you a birthday gift for the last 8 years but to make up for it here is the gift for the first two years.

 

Only the terminally thick would fall for this scam, which incidentally is very similar to one Johnson tried to pull a couple of months ago.

[Rhyno]

Hope not. Hope it's an NI increase so "everyone" gets to pay. Also, increasing NI is only the sure way to insure that the money goes to the NHS.

 

I would gladly pay a 1-2% increase in NI to fund the NHS.

 

An NI rise would be fine, if they also remove the upper earnings limit.

 

Then we will truly have everyone paying their share.

[Magilla]

Its more of a Brexit windfall.

 

Only if you're a mug, or as the chair of the Commons health and social care committee states, a fool.

Edited June 17, 2018 by Magilla

[Rhyno]

Its more of a Brexit windfall.

 

Do you have any details of how that will work out?

[Guest]

The necessity to pump so much money into the NHS and be desperate for so many extra doctors is actually a bad sign. We should work towards being a more healthier society with less obesity and diabetes etc to reduce the need for so much money and doctors.