8 Oct 2019

IFS warns of highest debts for half a century if there is no Brexit deal

Just before the government published its 159-page document on how Britain should get prepared for a no-deal Brexit, a gloomy new report by the Institute for Fiscal studies was warning that leaving the EU without a deal would push Britain’s debt to its highest level for half a century.

Just before the government published its 159-page document on how Britain should get prepared for a no-deal Brexit, a gloomy new report by the Institute for Fiscal studies was warning that leaving the EU without a deal would push Britain’s debt to its highest level for half a century.

The report advised ministers not to indulge in tax giveaways or a public spending spree.