Here’s a paradox. Ask the UK Treasury for money for schools or social care or defence and they say there isn’t any. Ask the Treasury for more money for the EU, and they say how much would the EU like?
Here’s a popular policy. The PM should tell the Treasury that the £39 billion they say we can afford to give to the EU should be spent at home instead. Let’s leave in March 2019 with no leaving present to Mr Juncker and his friends.
With £39bn to spend we could
Increase the NHS spend as planned – as long as we control what the money goes on and secure more quality and capacity with it
Sort out social care, offering £2bn a year more for that
Strengthen our armed forces
Increase schools spending
Give everyone a Brexit bonus by cutting Income Tax rates
Give business a boost by cutting business rates
Collect more revenue by cutting CGT and Stamp duty rates which are too high
The reason the UK economy is growing more slowly than the US is they have supportive tax cuts and spending boosts, and helpful authorities who are promoting growth.
I wonder why the Uk Treasury rejects that model? And why does it only have money for the EU, which we are meant to be leaving?
If we left on WTO terms we would also have the £13bn of new tariff revenue. That should also be given back to us as tax cuts.
Spending the £39 bn at home means we can have tax cuts, domestic spending increases and less state borrowing. Why doesn’t the Treasury demand this?