EU referendum: OECD warning of ‘Brexit tax’ sparks row

Posted on

BBC Report 27th April 2016

Leaving the EU would be the equivalent of imposing an additional “tax” of one month’s income on UK workers, a leading economic international body has said.

OECD secretary general Angel Gurria told the BBC that he had no doubt that leaving would be a “bad decision” and expressed surprise that the UK was even contemplating such a move.

“Brexit is like a tax. It is the equivalent to roughly missing out on about one month’s income within four years but then it carries on to 2030,” the former Mexican politician told BBC Radio 4’s Today programme.

But economist and Leave campaigner Andrew Lillico said the figures were “very implausible” because they assumed that the UK would not be able to secure a trade deal of any kind with the EU before 2020 or preferential deals with other countries before 2023.

BBC Report here

 

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s