Brexit to cut immigration by 80,000 a year – and other OBR observations
Once, journalists trawled the Red Book (ie, the Budget statement) for stories. Now, the Office for Budget Responsibilities does this for us. There will be plenty in it for Brexiteers and Remainers. The former will be delighted that the OBR pretty much trashes the main assumptions made in HM Treasury’s now-notorious dossier on jobs, recession, house prices etc. But then again the OBR estimates a Brexit effect on the deficit: £3bn this year, peaking at £15.4bn in 2018/19. This has delighted Remain campaigners who now, at long last, have ammunition to write about the costs of Brexit – especially if you add the figures together and come up with a £50-odd billion Brexit effect.
