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Watch: Minister taken to task over ‘Brexit dividend’

Watch: Minister taken to task over 'Brexit dividend'
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Theresa May has said a Brexit dividend will help fund the NHS cash boost, but does it actually exist? It was left to health minister Jackie Doyle-Price to convince viewers on the Daily Politics that it does. But Mr S wasn't entirely convinced by her explanation:

Andrew Neil: It surely stands to reason that there is no Brexit dividend to finance these rises.

Jackie Doyle-Price: Well, the secretary of state made clear in his statement that this would come in a reduction of subscriptions (to the EU) but also, we will have to look at taxes as well.

AN: But there is no reduction of subscriptions in 19/20 or 20/21, they continue during the transition period. So in these two years at least and probably for a third year, there is no Brexit dividend, correct?

JDP: But equally this funding settlement is to look to give certainty to the NHS...

...

AN: But we’ve agreed it can’t come from a Brexit dividend in these years...if it can’t come from a Brexit dividend, it can only come from new taxes or extra borrowing?

JDP: Indeed

Mr S will believe the government's Brexit dividend when he sees it...

Written bySteerpike

Steerpike is The Spectator's gossip columnist, serving up the latest tittle tattle from London and beyond. Email tips to steerpike@spectator.co.uk.

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Topics in this articlePoliticsbrexituk politics