Matthew Elliott
@matthew_elliott • 19,795 subscribers
President of @TheJobsFndn and member of the House of Lords
Videos
The Government will collect £331bn in income tax this year, and spend £333bn on welfare. In other words, we now spend more on people not working than we raise from those who do. And the cost? Debt per person has risen from £11.5k in 2000 (inflation adjusted) to over £41k today.
Matthew Elliott1,334,885 views • 6 months ago
In this afternoon’s debate on the fiscal situation, I told the House that in the 21 hours of sitting time over the week, £315 million had been added to the UK’s national debt. Sadly for us, Chris Rokos has left the country, so we won’t be able to cover that with his £330 million tax payment, we will have to find 38,000 new taxpayers instead. Rokos wasn’t the first, and if we continue along the current path, he won’t be the last.
Matthew Elliott25,015 views • 14 days ago
£580 million. That's the cost for allowing EU students to pay UK-student fees at Russell Group universities, according to the CEO of Universities UK. The figure for the whole of the UK university sector would be even higher. At the European Affairs Committee this morning, we had the privilege of hearing from vivienne stern, the CEO of Universities UK about the Erasmus+ scheme and our EU reset. Given briefings that the Government is considering offering EU students lower fees - the same as UK students - to attend UK universities, it's imperative that we know the full costs to our universities. You can see my question below.
Matthew Elliott46,317 views • 2 months ago
Our trade will grow fastest if we attach ourselves to the fastest-growing economies. 30 years ago, Western Europe and America were at the forefront of global economic growth. The EU's share of global GDP has fallen from 21% in 2000 to around 14% today. The IMF forecasts the EU will grow by just 1.3% this year, compared to 3.3% globally. Our future trading priorities need to reflect this new reality.
Matthew Elliott30,619 views • 5 months ago
£34 billion. That’s how much the rise in Universal Credit and disability benefits will cost us by 2030 – equal to every penny of income tax from Scotland, Wales, Northern Ireland, the North East and Lincolnshire. Sir Charlie Mayfield’s review is excellent, but unless the Government acts quickly, we won’t return to 2019 levels of long-term sickness claimants until 2078. Britain doesn’t have decades to wait.
Matthew Elliott49,006 views • 9 months ago
10 years ago today, the BBC held their EU referendum debate at Webley arena. Boris Johnson, Andrea Leadsom and Gisela Stuart - the same trio that had represented Leave in the previous TV debate - took to stage once more for the final big set piece event before the vote. By then, after months of campaigning, it was time to lay down the final arguments, with Boris bringing the debate to a memorable close: "If we vote Leave and take back control, I believe that this Thursday can be our country's Independence Day."
Matthew Elliott17,549 views • 3 months ago
Speaking at the LSE Government yesterday I argued that Brexit was the product of four longer-term forces: Stagnant living standards after the financial crisis, declining trust in politicians, the migration debate, and the failure of EU reform. All these things worked together to produce the conditions under which Britain was ready to leave.
Matthew Elliott15,108 views • 3 months ago
Alan Milburn’s revealed over the weekend that we currently spend £25 keeping young people on benefits for every £1 helping them get into work. We clearly need to shift the dial to prioritise helping the nearly 1m NEETs into work. This is a point I made last week in the in the House of Lords. It is a pity that the King’s Speech didn’t include legislation to address this – the crisis won’t be solved through tweaks alone.
Matthew Elliott15,638 views • 4 months ago
I’ve finally got my hands on a physical copy of my forthcoming book - “Ten Years On; The untold story of Brexit” Writing and compiling the book has been an incredible process, revisiting some of the more momentous events in my life of campaigning. Ten Years On is out on the 23rd June, but you can pre-order your copy now on Amazon - link below 👇
Matthew Elliott11,244 views • 3 months ago
I'v never known of a discount that has you paying 30% more than you did before. Erasmus+ as it has been proposed through negotiations is set to cost £570million. That’s £170million more in real terms… If this is the discounted deal, I’d hate to see the full price.
Matthew Elliott16,377 views • 7 months ago
Negotiations are painful. Yesterday, on the European Affairs Committee, I asked the Norwegian and Swiss Ambassadors whether the costs of close regulatory ties with the EU cause controversy in their countries. Norway has paid €3.2bn over 8 years into the EU’s cohesion fund - £348m per year. Switzerland will soon pay €375m per year, or £326m. Accounting for the size of our economy, this would mean the U.K. would pay between £1.2bn and £2.6bn a year for a similar relationship based on regulatory alignment. In the words of the Norwegian Ambassador, “the negotiations are always painful.” (Sorry about the audio quality - there was a problem with the microphones)
Matthew Elliott13,286 views • 5 months ago
The Government announced £1bn this week to incentivise businesses to get young people into work, but the Spring Statement forecast an extra £8bn on welfare on non-pension related welfare. An extra £1bn to help people get into work and £8bn helping people stay out of work. The Government should be spending less money to achieve Net zero and investing more money to reach NEET-zero.
Matthew Elliott10,648 views • 6 months ago
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