None the wiser

🔴 Had the UK stayed in the EU it would have received similar levels of EIB financing as France. 🔴On this assumption, UK annual public investment could have, potentially, been 73% higher had the UK not left the EU. 🔴 In real terms, that amounts to a potential loss of over £44 billion since 2017, assuming the UK had continued to receive similar levels of financing to France. @shunsakerjr says, “This is far from a trivial amount, especially as the current government attempts to make Brexit work amid a ‘fiscal black hole’. Labour has announced efforts to increase public investment, largely through its National Wealth Fund. But as Ive written elsewhere, the National Wealth Fund is a fairly trivial amount – £7.3 billion over five years (an amount that looks to be cut even further by Rachel Reeves)– compared to the amounts previously invested by the EIB. This comes, as well, amid cuts to some public infrastructure projects already announced by the government, with potentially more to come in the budget October.” ukandeu.ac.uk/the-uk-has-pot…