Engagements

Part of Oral Answers to Questions — Prime Minister – in the House of Commons at 12:00 am on 15 June 2016.

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Photo of David Cameron David Cameron The Prime Minister, Leader of the Conservative Party 12:00, 15 June 2016

The right hon. Gentleman makes an important point. If we look at all the independent economic reports, they say very clearly that there is no financial saving from leaving the EU. The Institute for Fiscal Studies put it like this:

“we conclude that leaving the EU would not…leave more money to spend on the NHS. Rather it would leave us spending less on public services, or taxing more, or borrowing more.”

I would argue that there is a big dividend from remaining inside the EU, which we would start to feel next Friday, as companies would be able to see that Britain had made a decision, and the job creators, wealth creators and international investors would know that Britain meant business and would invest in our country. There is no saving from leaving. That is what the experts agree.