NS#274: The Brexit Dividend Debunked
The New Statesman | UK politics and culture
The New Statesman
4.4 • 1.4K Ratings
🗓️ 21 June 2018
⏱️ 40 minutes
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Summary
Stephen is joined by LabourList editor Sienna Rodgers (as Helen is on holiday) to pick over Theresa May's mythical "Brexit dividend" for the NHS, and to discuss what's going on with Labour's NEC elections. Finally, they answer a pressing question: why is Jeremy Corbyn pushing for a free vote on Heathrow expansion?
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Transcript
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| 0:00.0 | May I have your attention please you can now book your train tickets on Uber and get |
| 0:08.0 | 10% back in credits to spend on your next Uber ride so you don't have to walk home in the brain again. |
| 0:16.5 | Trains now on Uber. Tees and sees apply. Check the Uber app. I'm David |
| 0:20.8 | Aruhovich. Listen to my new series from Tortoise, Eight Years Hard Labour. |
| 0:25.9 | It tells the extraordinary story of the double revolution that engulfed the Labour Party after 2015, |
| 0:31.6 | from centre left to hard left and back again, the battles and |
| 0:35.7 | disasters that accompanied them and the two men who led those revolutions, |
| 0:39.7 | Jeremy Corbyn and Kiea. |
| 1:07.0 | Listen to eight years hard labour wherever you get your podcasts. Hi, I'm Stephen, and on this week's new states from podcast, Helen is on holiday again. I'm joined by Siena Rogers of Labour List to discuss who's up, who's down in the elections to the Labour Party's ruling National Executive Committee, |
| 1:14.7 | and then you ask us why is Labour holding a free vote on Heathrow expansion? |
| 1:36.7 | So I'm joined by Siena Rogers off of Labour List. Now obviously if there's one thing the Labour Party likes more than abstaining it's money for the NHS. So you must be feeling thrilled by the Brexit dividend. So thrilled, yes. So, should we start by explaining what's happened here? |
| 1:43.4 | Yeah, so for those of you who had them the good fortune not to read the Sunday papers, |
| 1:48.8 | Theresa May has announced that the NHS will receive extra money to the tune of 20 billion by |
| 1:54.8 | 2023 no 22 22 which will be financed by the Brexit dividend and it's more than was promised on the side of that bus or coach rather so it's more than 350 million a week |
| 2:10.4 | 340 three hundred ninety four4, something like that. |
| 2:14.0 | And it works out to about 3.4% extra spend per year for the NHS. |
| 2:21.0 | Now of course, the immediate problem is that it |
| 2:25.9 | although it is theoretically possible we could have a Brexit dividend at |
| 2:29.2 | some point you know it could turn out that everything from that we commonly supposed to be true about trade flows |
| 2:35.0 | and economic growth turns out to be wrong and we have a massive Brexit bonanza. |
| 2:42.0 | However, I think the one thing we can say with |
| 2:43.7 | a hundred percent certainty isn't the Brexit dividend will not arise until after |
... |
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