Brexit’s cost | University funding | ‘Return of tax and spend’ headline | Bankers’ bonuses | Cross Clarkson | Penny off a pint
Buried in the OBR report on the budget is the statement “weak growth in imports and exports over the medium term partly reflect the continuing impact of Brexit, which we expect to reduce the overall trade intensity of the UK economy by 15 per cent in the long term”. Based on the latest data for UK exports to the EU, that means a fall of £43bn. If the UK does not rejoin the EU, or at least the single market, Labour can never achieve the growth required to rebuild our economy and fund the restoration of our public services.
Dr Eric Goodyer
Birsay, Orkney
• There was much to be welcomed in the budget on funding for education, but there were some significant items missing. Most universities are in a parlous position, many having to cut staff, courses and resources. But there was no extra funding for universities in the budget. Surely if we need innovation for the economy to grow, as the government states, then we need the research and graduates that universities provide?
Rae Street
Littleborough, Greater Manchester
Continue reading…Brexit’s cost | University funding | ‘Return of tax and spend’ headline | Bankers’ bonuses | Cross Clarkson | Penny off a pintBuried in the OBR report on the budget is the statement “weak growth in imports and exports over the medium term partly reflect the continuing impact of Brexit, which we expect to reduce the overall trade intensity of the UK economy by 15 per cent in the long term”. Based on the latest data for UK exports to the EU, that means a fall of £43bn. If the UK does not rejoin the EU, or at least the single market, Labour can never achieve the growth required to rebuild our economy and fund the restoration of our public services.Dr Eric GoodyerBirsay, Orkney• There was much to be welcomed in the budget on funding for education, but there were some significant items missing. Most universities are in a parlous position, many having to cut staff, courses and resources. But there was no extra funding for universities in the budget. Surely if we need innovation for the economy to grow, as the government states, then we need the research and graduates that universities provide?Rae StreetLittleborough, Greater Manchester Continue reading…
