In their letter the former heads of the royal colleges and the BMA said leaving the European Union would result in an “immediate large decline in national income” which would only worsen the “financial crisis” in the NHS. Meanwhile, the European Communities Act would be repealed before 2020, which would mean EU treaties no longer form part of United Kingdom law.
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The uncertainty surrounding the result of the referendum also caused share market crashes in Germany and France, with economists warning that a Leave vote could cause the European Union and the United Kingdom to fall back into recession.
“We propose that at least £5.5bn of that be spent on the NHS by 2020, giving it a much-needed £100m per week cash transfusion, and to use £1.7bn to abolish Value-Added Tax on household energy bills”.
There is no mention in the proposals of the economic consequences of Brexit.
But the Remain camp, and leading economists, have warned that the economic blow to Britain would be so severe that it would wipe out any money saved from the European Union contributions.
The only thing that the Leave campaign say when confronted with the massed opinions of the economic establishment, political leaders, worldwide bodies, trade unions, NHS leaders and just about everybody else is that their opinions are simply wrong or that they are indulging in “scaremongering” – if so, it is the best and most highly organised conspiracy in the history of man.
“Do we need to change our polices in the fields of financial stability or fiscal policy, etc – no”.
John Mills, chair of the Labour Leave campaign, said “The polls are swinging our way, which is very good news but we must not be complacent”.
Polling companies were burned by their failure to predict last year’s United Kingdom general election result, and a yearlong inquiry into their problems found the issues would be hard to fix.
“Outside the European Union we can become richer, safer and free at long last to forge our own destiny – as America, Canada, Australia, New Zealand and many other great democracies already do”, the paper said. Nobody wants to have cuts in public services. Gisela Stuart, one of a handful of Labour MPs backing Brexit, said: “The EU is bad for the NHS”. If you ignore a crisis in your public finances, you see your economy go into a tailspin and you see confidence in your country reduced. Has the REMAIN vote completely collapsed?
There’s some pretty grim characters being rolled out on both sides, saying anything from the “EU causes cancer” to “Vote Remain or we’ll start killing kittens” to get people to vote a certain way.
“And I would imagine that a future United Kingdom government, when it comes to the next iteration of reform in Europe, will have to engage in that process”. That will mean years of uncertainty that will risk jobs, risk investment and lead to higher prices in the shops.
The bishops say that immigrants are being “demonised” in the debate over the referendum.
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The decision, they say, will be the most important in a generation and they urge people not to make it rashly.
