• Here's an interesting fact: The country has lost more money since the OUT result than it could ever save from not paying into the EU.

  • Here's an interesting fact: The country has lost more money since the OUT result than it could ever save from not paying into the EU.

    Temporary though isn't it. The stock market will eventually recover and that money will return. Meanwhile many people who aren't on the edge are callously thinking "Ooh, cheap pension units".

    On a more serious note, how much of the £160m/week net contribution to the EU will end up going to be spent on increased interest payments on the £1.6tn now that the UK's credit ratings have been downgraded (and will be downgraded again) when that credit gets to be renewed...

    1% of £1.6tn = £16bn so a 0.5% rise in borrowing rates wipes out that £8bn net EU contribution...

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