Lib Dems promise £50 billion 'Brexit bonus' for public services if they win General Election

5 November 2019, 08:19

Liberal Democrat leader Jo Swinson speaks to the media outside the Houses of Parliament. Picture: PA

By Megan White

The Liberal Democrats have promised to invest £50 billion into public services over the next five years as a “Remain bonus” if they win the General Election.

The party said staying in the UK will mean the economy will grow faster than under Brexit, and will lead to higher GDP, generating billions for public finances.

Leader Jo Swinson said every vote for the Lib Dems is a vote to "stop Brexit" and "build a brighter future".

The party forecasts that the economy will be 1.9 per cent larger in 2024-25 if Brexit is stopped than it would be under the Conservative government's Brexit deal.

Lib Dem Deputy Leader Sir Ed Davey spoke to LBC News explaining his party's plans.

They say this means government receipts will be higher too, providing an extra £50 billion over the next five years.

Ms Swinson said: "The Liberal Democrats are the only party standing up to stop Brexit and build a brighter future for the UK.

"Brexit has taken far longer and cost far more than anyone said it would. But any form of Brexit will damage our jobs, our economy and our public services, starving them of vital cash as the economy struggles along.

"The Liberal Democrats will stop Brexit and then use the £50 billion Remain bonus to invest in our public services.

"Every vote for the Liberal Democrats is a vote to stop Brexit, build a brighter future and invest the £50 billion Remain bonus in our vital public services."

The Lib Dems will launch their General Election campaign on Tuesday.