Reserve Judgement on New Border System
21 May 2024
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In the Media
Housing and Planning
Kristian Niemietz writes for The Spectator
21 May 2024
Tax and Fiscal Policy
19 November 2024
Julian Jessop writes for City AM
IEA Economics Fellow Julian Jessop has written for City AM discussing claims from the National Audit Office that the new post-Brexit border system is set to cost taxpayers around £4.7 billion.
Julian wrote:
“The National Audit Office (NAO) has rightly had a go at the government’s handling of the rollout of new import controls after Brexit. But it is still too soon to judge the long-term impact.
“It would be wrong to conclude that the taxpayer could have avoided the full £4.7bn if Brexit had not happened. For a start, a proper cost-benefit analysis would need to net off the associated savings on contributions to the EU budget.
“A final verdict should wait until the new systems have fully bedded down.
“In the meantime, though, is anyone really surprised that another major government infrastructure project has made such a rocky start?”
Read Julian’s full piece here.
Julian wrote:
“The National Audit Office (NAO) has rightly had a go at the government’s handling of the rollout of new import controls after Brexit. But it is still too soon to judge the long-term impact.
“It would be wrong to conclude that the taxpayer could have avoided the full £4.7bn if Brexit had not happened. For a start, a proper cost-benefit analysis would need to net off the associated savings on contributions to the EU budget.
“A final verdict should wait until the new systems have fully bedded down.
“In the meantime, though, is anyone really surprised that another major government infrastructure project has made such a rocky start?”
Read Julian’s full piece here.
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