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Boris Johnson’s Brexit will slow down economic growth to the tune of £1,200 for every person in the country, the government’s spending watchdog has said. " Brexit " appeared just twice in Chancellor Rishi Sunak’s first Budget speech despite the huge impact it’s predicted to have on the national finances. The Office for Budget Responsibility (OBR) said based on current Brexit plans, growth would be slowed by around 4% in the long […]

Leaving the EU will free up more than £40billion for domestic spending and slash net immigration by almost half, Budget documents forecast yesterday. The official Treasury 'Red Book' predicts that cash saved from EU contributions will total £42.3billion over the next five years, even after the effects of the Brexit divorce bill are taken into account. A separate document produced by the independent Office for Budget Responsibility suggests that net immigration is likely to […]

Boris Johnson's Government today refused to mirror Donald Trump's unprecedented ban on flights to and from mainland Europe to stem the spread of coronavirus with Chancellor Rishi Sunak insisting it won't work. Mr Trump blames the EU for failing to stop the killer virus in its tracks - but has exempted the UK and Ireland from his 30-day travel moratorium from midnight on Friday. But Mr Sunak today insisted the government doesn't believe […]

THE SNP’s Deputy Westminster leader has warned that the UK government cannot ignore the Brexit elephant in the room as it sets out its Budget. Kirsty Blackman MP has warned that the Conservatives’ Brexit plans will leave families poorer and worse off, and push people towards hardship. She said the Tories were “writing a blank cheque for their own self-interest” by ignoring the views of those who did not vote for Brexit. […]

Under the plans set to be announced at Wednesday's Budget, the Government will provide the cash as loans to overseas buyers of British goods in a bid to bolster exports. The funds, offered through the UK Export Finance scheme, come as ministers look to prepare businesses for new trading conditions once Britain has left its current transition period with the European Union. Around £2bn from the scheme will be used to encourage […]

Boris Johnson has been urged to "get Brexit right" rather than rushing to meet deadlines as coronavirus puts pressure on the government. Baroness Angela Smith, Labour's leader in the House of Lords warned dealing with the Covid-19 outbreak would have "quite an impact on the attention and resource the government can put into negotiations." And she urged the ministers to engage with Parliament to find pitfalls in the agreement, ensuring […]