Terms: Cash Terms and Referendum Vote

terms: In cash terms, the public finances have been hit by 26bn a year, according to The Guardian. Ending austerity While the economy has suffered a slowdown since the referendum vote, it is not as severe as expected by the Treasury's independent forecaster, the Office for Budget Responsibility OBR . Lower-than-expected Whitehall spending and higher VAT and corporation tax receipts since April have help the exchequer more than expected. The Centre for European Reform's analysis also suggests that the size of the UK economy is 2.5% smaller than it would have been had remain won the referendum. Borrowing could be just 25bn, compared with forecasts of 33.9bn. The NHS About 20bn is to be pumped into health, including a 2bn increase in mental health spending by 2023-24. It is not spare money, though, as Theresa May has bullied the chancellor into turning on the spending taps to the tune of an extra 100bn to prove that the age of austerity is over. (news.financializer.com). As reported in the news.