Question Time Audience Member Solves National Debt

Osborne’s eight equation mathematics mumbo-jumbo was countered by Question Time audience member Tim Martin’s own analysis:

“I took the £10 billion of net savings that we would make if we left Europe, and I multiplied those by 14, which is obviously the number of years up to 2030. I then used the economic credit multiplier because of course you have the benefit of spending that £10 billion, the taxes raised on it, on economic growth and so on. And do you know the figure I came up with? The figure I came up with is £1.5 trillion, which means if we leave the European Union we’ll be able to fund and repay the national debt by the time 2030 comes.”

Well Tim is an economist…




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Quote of the Day

Dominic Raab wrote in his letter of resignation…

“This is, at its heart, a matter of public trust,” he told the PM, concluding: “I cannot reconcile the terms of the proposed deal with the promises we made to the country in our manifesto at the last election… I believe that the regulatory regime proposed for Northern Ireland presents a very real threat to the integrity of the United Kingdom. I cannot support an indefinite backstop arrangement, where the EU holds a veto over our ability to exit…”

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