Brexit to blame for Rachel Reeves' tax hikes, Labour MP claims
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Brexit to blame for Rachel Reeves' tax hikes, Labour MP claims
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"Economists agree we are 40bn poorer as a country because of the Brexit deal. And what does that practically mean? Wind back the clocks 11 months to last year's Budget, where the chancellor had to raise taxes to the tune of about 40bn. In a scenario where we are still members of the European Union, there would not have been a single tax rise, because we would have that growing productivity as part of the biggest democratic trading bloc in the world."
Welwyn Hatfield MP Andrew Lewin blamed Brexit for Rachel Reeves' tax-hiking Budget last October and said leaving the EU has left Britain 40bn poorer per year. He cited research showing 16,000 smaller businesses have stopped trading with the EU since Brexit. He argued that the chancellor had to raise taxes by about 40bn in that Budget and that, had Britain remained an EU member, there would not have been a single tax rise because of higher productivity in the trading bloc. He also blamed Brexit for soaring food prices in shops.
Read at www.independent.co.uk
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