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Subject Another day, another Brexit boost: Government borrowing falls after EU referendum

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Original Message Government borrowing fell during and immediately after the EU referendum campaign, figures revealed yesterday.

The Office for National Statistics said borrowing was £3billion lower from April to July than in the same period last year.

Before the June referendum, George Osborne claimed Brexit would punch a £30billion hole in the public finances, requiring an emergency budget of tax rises and spending cuts ‘within weeks’.

But the latest figures show borrowing fell by £3billion to £23.7 billion. The figures are largely based on data from before the referendum but Treasury chief secretary David Gauke said they showed Britain is well-placed to deal with any economic turmoil.

[link to www.dailymail.co.uk]

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