Politics

UK will save no money from Brexit for next five years, says OBR

Country will continue paying divorce bill until at least 2064, predicts budget watchdog

The UK will save no money from leaving the European Union over the next five years and could be paying its Brexit divorce bill until at least 2064, according to the government’s independent budget watchdog.

Outlining the cost of severing links with the EU, the Office for Budget Responsibility said government spending up until 2023 would have been the same if the UK had voted to remain in the 2016 referendum.

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