If it were to be spent, it should go on some clearly visible and big modernisation and security projects, maybe those which have previously been ruled out as unaffordable, or entirely new concepts for the urgent modernisation and rebuilding of our country. These should then be clearly promoted as benefits of our leaving.
We should also use these projects to rebuild our own domestic businesses, workforces and skills. When the first ones have been completed, the practice should continue on others for subsequent years, a rolling programme in other words. £10 billion pa or thereabouts is an awful lot of money and spent sensibly will be transforming. We should no longer need to go cap in hand to foreign sources for example, and we could regain our self-respect.
My preference would be however, for it to go first directly to the reduction of the deficit and its earlier elimination with the amounts being identified in each budget for all to see, and then for it to be spent on projects, which take a long time in the planning anyway, so this could be well how it would work out.
Under no circumstances should it be frittered away by dissipating it into existing budget lines where it will likely become invisible, as questions will soon be asked about where the financial benefits have gone.
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