We will be much worse off when Brexit happens
✒ I AM responding to the letter headlined Spend EU money on local services (Letters, Thursday April 18)
I entirely agree we need to have decent funding of local government by central government and that we need to adequately finance our public services.
I am not sure that a Brexit dividend will be available and that, like many things associated with Brexit, is not that simple.
I understand (fullfact.org) that the UK spends in the region of £13 billion on the EU of which £4 billion comes back in grants to mainly poorer areas of the UK although there are grants made throughout the country (myeu.uk/).
This leaves in the region of £9 billion a year but economists have predicted that we could lose up to £15 billion a year in revenues due to decrease in trade and investments.
There are also promises made by the government to support farmers and payments to research projects as well as the setting up national departments, for example trade, meaning that there won’t be a Brexit dividend and that we may well be financially considerably worse off as a nation.
The £39 billion divorce settlement reflects continued commitments and obligations during the transitional period of leaving the EU as negotiated in the current government’s withdrawal agreement.
It is a great deal of money (who knew about this at the time of the original campaign?) and given the above wouldn’t it be better that we reconsider our decision to leave the EU with the option of staying so that we can enjoy the very many benefits, contribute to reform within the EU as an active and constructive partner and focus our energy and finances on all of our public services that so need attention.