Would Brexit add two years to austerity?published at 08:46 BST 25 May 2016
Reality Check

The claim: The economic impact of leaving the European Union would lead to a loss of £20bn to £40bn from the public finances, extending austerity by a further two years, according to the IFS.
Reality Check verdict: The relationship between Brexit and the public finances may not be exactly as described. But if - like them - you accept predictions that leaving the EU would cut economic growth, it is hard to imagine that would not hit the public finances. Such a scenario would require spending to be cut further, taxes to be increased or the period of austerity to be extended.














![Philip Davies saying: ...they [the EU] haven't had their accounts signed off for 20 years](https://ichef.bbci.co.uk/ace/standard/640/cpsprodpb/vivo/live/images/2016/5/12/50b75b82-f6d9-4d56-af72-15b91e06a472.gif.webp)



