Labour’s Brexit Misstep: A Wake‑up Call for the UK Economy
Bottom line: Jackie Reyes is gearing up to slash billions off road and rail budgets to plug a £20 bn spending leak, even though Labour promised to kick‑start growth with fresh investment. The Rejoin EU Party beams that these painful cuts are avoidable if Keir Starmer finally considers re‑entering the EU.
Why the UK’s financials are in a state of chaos
- Tax revenue loss: The UK is losing roughly £40 bn a year in tax income since Brexit.
- GDP hit: The economy is about £140 bn smaller now than it would have been if the UK stayed in the EU.
- Debt alarm: Government debt tops 101.3% of GDP—eerily close to a national crisis.
The IFS think‑tank warns that Labour’s growth plan is all over the map. If the party sticks to its pre‑election pledge but still faces a quarter‑trillion‑pound public‑spending black hole, the only choices left are big cuts or tax hikes.
Rejoin EU Party’s fantasy plan
John Stevens, former Conservative MEP, puts it bluntly: “Our public finances are in deeper water than the £20 bn leak we just splashed. Debt is now a threat to international confidence.”
Andrew Smith, party chairman, is dreamy: “Re‑joining would lift our public services and slash the tax burden.” Meanwhile, Brendan Donnelly echos a stark vision: “Starmer’s rights‑wing stance has stuck. It’s time the national interest wins over the party’s electoral game. Brexit? A ball‑and‑chain that must go now.”
Projected financial benefits of re‑entering the EU
- Annual tax recovery: £40 bn, turning into a weekly boost of £350 m for the NHS (≈ £18.2 bn yearly).
- £6 bn added for local and devolved services.
- 1p income‑tax cut, roughly £6 bn in savings.
- Net EU contributions at about £10 bn.
In short: re‑join, re‑gain, re‑gather the fiscal muscle our country sorely needs.
What’s next?
Chancellor Rachel Reeves’ promised cuts are a double‑handed move—fighting a fiscal drain while locking resources away from the growth plan Labour vowed. The Rejoin EU Party argues this is a catch‑22 that can only be broken if Starmer relents on the EU front.
Listen closely: the UK’s economic future is hanging by a thread woven around EU ties—flutter back, or stay with the outside look.
