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19 June 2018

Why you’ll be hearing the words “Brexit dividend” an awful lot over the next year

It’s a useful lie, and not just for the Conservatives.

By Stephen Bush

Say it with me one more time: there is no Brexit dividend. 

It could be that, at some point in the future, almost everything we believe to be true about trade turns out to be wrong and the economic costs of Brexit no longer outweigh the gains, but even if that does happen, a Brexit dividend in 2027 won’t be able to finance an increase in the National Health Service budget in 2018.

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