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Theresa May today boasted about winning a 'Brexit dividend' that experts said 24 hours ago does not exist.

The Prime Minister used PMQs to repeat her claim that the pot of money will help provide her £20billion of extra funding for the NHS.

But the respected Institute for Fiscal Studies (IFS) said only yesterday that there will be "virtually no" dividend by 2023.

The think tank added: "Net savings on contributions to the EU could be less than £1 billion a year by then.

"And the need for new spending on administration – for example, on border security – could easily exceed this modest saving."

Mrs May made the comment in response to Labour MP Siobhain McDonagh.

She said her local Wilson Hospital in Mitcham, south London, will not reopen after funders pulled out due to "economic uncertainty" over Brexit.

"We must have missed that Brexit bus," the MP said sarcastically - and demanded a second referendum on leaving the EU.

(Image: Christopher Furlong)

Yet the Prime Minister claimed: "We will be providing a multi-year funding settlement for the NHS.

"And within that we are able to provide extra money to the NHS as a result of not sending vast amounts of money to the EU every year when we leave the EU.

"That is an advantage of Brexit."