IFS says public borrowing will more than double next year
whatever the Brexit result
Emergency tax cuts and higher public spending to offset the
impact of a no-deal Brexit
would send government debt to its highest level in more than half a
century, according to Britain’s leading experts on the public
The Institute for Fiscal Studies (IFS) said the scale of the
government response required to firefight a flatlining economy in
the event of a disorderly departure from the EU would come with a
hefty price tag for the public purse.
Source: FS – All-News2-Economy
No-deal Brexit would 'push national debt to levels last seen in 60s'