Brexit costing UK up to 90bn in lost tax revenue , new analysis shows
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Brexit costing UK up to 90bn in lost tax revenue , new analysis shows
"From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging."
"Brexit is costing the UK up to 90bn a year in lost tax revenues, a new analysis shows just days before Rachel Reeves prepares to hike levies in her make-or-break Budget. The average Briton is also thousands of pounds worse off, leading to calls for ministers to fix our broken relationship with Europe. As Ms Reeves sets out her Budget on Wednesday, the government's official watchdog is also expected to confirm that leaving the European Union has been even more disastrous than previously thought."
The Independent funds on-the-ground reporting across issues such as reproductive rights, climate change, and Big Tech and rejects paywalls to keep journalism accessible. Donations support sending journalists to provide balanced reporting and investigations, including probes into Elon Musk's pro-Trump PAC and the documentary 'The A Word' about American women fighting for reproductive rights. New analysis estimates Brexit is costing the UK up to £90bn a year in lost tax revenue and has left the average Briton thousands of pounds worse off. A National Bureau of Economic Research study estimates UK GDP is 6–8% smaller since the 2016 Leave vote, and government watchdogs are expected to confirm greater economic damage as ministers prepare a critical Budget.
Read at www.independent.co.uk
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