A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

How would the £50 billion Brexit bill affect the UK's economy?

Best Answers

It is very unlikely to be £50bn but assuming it is it is just another large amount of money that will be added to the national debt on our shoulders. The amount itself will have no effect on our economy. We already borrow money, we already have a massive debt. It is just more on top. read more

It depends on the conditions attached to the £50 billion Brexit bill. The rest of the EU may decide to suspend talks on a future UK/EU free trade deal, pending agreement on this bill. EU Said to Rule Out U.K. Trade Talks Before Brexit Bill Deal. The UK government would be saved from paying £50 billion. read more

The UK will continue to pay the agreed so-called Brexit ‘divorce bill’ for almost 50 years until 2064, the Office for Budget Responsibility (OBR) has estimated. Publishing its assessment as the Chancellor gave his Spring Statement on the economy, the OBR said the final amount would be around £37.1 billion. read more

Encyclopedia Research