Leaving the EU: Economic Impact of Proposed Deal Debate
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Deidre Brock
Main Page: Deidre Brock (Scottish National Party - Edinburgh North and Leith)Department Debates - View all Deidre Brock's debates with the HM Treasury
Leaving the EU: Economic Impact of Proposed Deal
Deidre Brock Excerpts(5 years, 2 months ago)
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Mel Stride
The analysis needs to model the future political declaration, upon which the negotiations will rest. Of course, that is a relatively broad document with a number of potential outcomes. The analysis has quite rightly taken a range of possible outcomes to make that assessment and most accurately reflect the range of outcomes of where the deal itself may land.
Deidre Brock (Edinburgh North and Leith) (SNP)
Unlike the EEA or single market model, the PM’s deal assumes that regulatory checks will be essential to the proper functioning of separate EU and UK markets. Does not the Minister agree that we need to understand the impact of such trade barriers now?
Mel Stride
That is precisely what the analysis is setting out—a series of potential outcomes and the economic impacts thereof. Some Members are suggesting that we should analyse where we are at the moment, but that would not be appropriate given that we are leaving the European Union. At the same time, it has to be recognised that we have not yet fully concluded the new trading relationship with the European Union—the EU27—and therefore the analysis sets out a range of possible landing points for those negotiations.