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That's assuming tax revenue remains the same, which all economists agree will not be the case. Whether or not Brexit will boost public finances is entirely dow

That's assuming tax revenue remains the same, which all economists agree will not be the case. Whether or not Brexit will boost public finances is entirely down to how much of an impact it'll have on the UK economy. No one knows what the impact will be, but almost everyone agrees that it will be negative... though no one agrees to what extent. So there's really two questions here: a) just how much more/less public money will be available? and, b) if there is more, how much of it will go to research? No one knows the answers to either question, not even the government. edit: a very quick back-of-envelope calculation based on the forecast tax receipts for 2014-2015 of 648.1bn[1]: 8.5bn makes up a whopping 1.31% of tax receipts. Unless I'm mistaken, tax receipts correlate strongly with the strength of the economy, so any more than a ~1.3% decline in the economy as a consequence of Brexit, would consume the "savings". [1]: http://www.ifs.org.uk/bns/bn09.pdf http://www.ifs.org.uk/bns/bn09.pdf

gg97 10y ago
" That's assuming tax revenue remains the same, which ALL economists agree will not be the case. " Jesus, am I reading this ? Talk about a bubble. You may read other publications than HN to widen your views. I love when american IT people try to teach nations who were around since more than a thousand year. Really, love it. Go ahead and tell us EU was a chance for Greece. Guys, there is more in life that the dollar, there is the people, culture, religions and traditions. Except a bundh of depressed unsocialized hypsters, nobody in his mind is ready to give that away for a global market of consumership, WE DO NOT CARE, WE LIVE. The european way of life is not all about money as the american dream, this is something you'll have to understand for good, and you do not have to impose your materialist vision of the world to every country of this planet, especially with bombs and firing drones. I said.
arethuza 10y ago
"That's assuming tax revenue remains the same" And it's assuming that a new government is inclined to take the money and give it to the kinds of projects that the EU used to give it to - I can think of a lot of reasons why that might not happen.
- monk_e_boy 10y ago
  A lot of EU funding went to stupid stuff.

gg97 10y ago

" That's assuming tax revenue remains the same, which ALL economists agree will not be the case. " Jesus, am I reading this ? Talk about a bubble. You may read other publications than HN to widen your views. I love when american IT people try to teach nations who were around since more than a thousand year. Really, love it. Go ahead and tell us EU was a chance for Greece. Guys, there is more in life that the dollar, there is the people, culture, religions and traditions. Except a bundh of depressed unsocialized hypsters, nobody in his mind is ready to give that away for a global market of consumership, WE DO NOT CARE, WE LIVE. The european way of life is not all about money as the american dream, this is something you'll have to understand for good, and you do not have to impose your materialist vision of the world to every country of this planet, especially with bombs and firing drones. I said.

arethuza 10y ago

"That's assuming tax revenue remains the same" And it's assuming that a new government is inclined to take the money and give it to the kinds of projects that the EU used to give it to - I can think of a lot of reasons why that might not happen.

monk_e_boy 10y ago
A lot of EU funding went to stupid stuff.