News | Published November 05 2019

Swinson: UK will gain £10 billion each year if if remains in the EU

Jo Swinson, leader of the Liberal Democrats, is set to announce the financial benefits of remaining in the European Union at the party’s campaign launch.

Swinson will state that the so-called “Remain bonus” will amount to £10 billion a year, specifically directed at the public services.

This will equate to £50 billion over the course of the next five years.

The bonus stems from the claim that the UK will see a larger economy by remaining in the EU, as opposed to leaving it.

The UK economy is predicted to grow by almost 2 per cent in 2024 to 2025 as a result of 0.4 per cent annual growth to the GDP in addition to further tax income.

Swinson is believed to continue, stating that "The Liberal Democrats are the only party standing up to stop Brexit and build a brighter future for the UK.”

She will note that "Brexit has taken far longer and cost far more than anyone said it would.”

Her conclusion is expected to say, "But any form of Brexit will damage our jobs, our economy and our public services, starving them of vital cash as the economy struggles along."

Swinson’s statistics are supported by the deputy leader of the party, Sir Ed Davey, who noted that the party "actually think these are quite cautious figures”.

He furthered this, stating that independent forecasters noted it was "clear that there will be a big boost if we stay".

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Authored by

Alice Jaspars
Culture Editor
November 05 2019

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