Brexit will cost 100,000 jobs, Cabinet minister warns – Telegraph

English: East entrance of HM Treasury Français...

English: East entrance of HM Treasury Français : Entrée Est de HM Treasury (Photo credit: Wikipedia)

Stephen Swineford, the Telegraph’s Deputy Political Editor reports that Brexit will cost up to 100,000 jobs while the NHS and other public services will face significant cuts, citing Greg Hands, the Chief Secretary to the Treasury.

Source: Brexit will cost 100,000 jobs, Cabinet minister warns

Personally, I would expect job losses to be much higher if the more downside forecasts are considered.

Many of the older people who are thinking about voting Brexit may not be in jobs, either retired, on the bench or on benefit unemployed. Brexit won’t just affect jobs, the severe economic downturn will trigger a collapse in benefits and public services – the emerging UK government is likely to be strongly right-wing, so the wealthy will be protected. BUT ordinary people will be seriously worse off after the Brexit.

Thoughts?

 

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