According to his assessments, Brexit, thus the country’s exit from the EU, that cost the treasury the equivalent of sek 1 500 billion over the next five years.
the national Debt will increase from 84 to 87 per cent of gross domestic product next year, said finance minister Philip Hammond when he today presented the government’s autumn budget.
Hammond said that it is no longer possible to create a surplus in the state budget at the end of this term, that is to say, the year 2020.
Instead, the Uk will need to borrow 122 billion pounds more than previously calculated, in order to get the plus and the minus to go together, thus, equivalent to about 1500 billion Swedish kronor.
And why is, among other things, that he screws down the forecast growth of the economy significantly in the coming years. For example, to 1.4 per cent next year, instead of the 2.2% which was as forecast before brexitomröstningen in June.
Hammond also revealed, that the government creates a fund for investments in roads, railways and other infrastructure at £ 23 billion, corresponding to around 250 billion Swedish kronor.
as expected any dramatic change of the tax rates for companies had to wait in vain.
Hammond said that the corporate tax rate should be reduced from 20 to 17 per cent during the term, but it is a promise that was set already by former finance minister George Osborne.
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