By Paul Homewood
As there has been some discussion about the legal case being brought against Boris Johnson, about his supposed “lie” that £350m is sent by the UK to the EU, I thought I would publish what the OBR is officially saying in their latest Fiscal Outlook.
The figures below are based on what they call a “no referendum” counterfactual basis (in other words what the figures will be if we don’t leave):
https://obr.uk/efo/economic-fiscal-outlook-march-2019/
Just to zoom in on the current year, the bottom line shows a gross contribution of £16.1bn. It must be noted though that this “gross” figure already has the UK rebate deducted from it, so it is not gross at all.
£16.1bn of course equates to £310m a week, and this is due to rise to £16.9bn next year.
Just to clarify, “Traditional Own Resources” are customs duties, which we collect and then hand over to the EU as we are part of the Customs Union.
“Public Sector Receipts” refer to EU funded projects in the UK.
Regardless of the facts of this particular case, the idea that a judge should determine what a politician can or cannot say when electioneering is truly frightening, and I am astonished anybody could support such an idea.
How much longer would it be before the media is similarly gagged, not to mention we simple bloggers?
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June 2, 2019 at 02:24AM
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