Leaving the EU: Economic Impact of Proposed Deal Debate

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Department: HM Treasury

Leaving the EU: Economic Impact of Proposed Deal

Marion Fellows Excerpts
Wednesday 20th February 2019

(5 years, 2 months ago)

Commons Chamber
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Marion Fellows Portrait Marion Fellows (Motherwell and Wishaw) (SNP)
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In spite of Conservative Members shouting, “SNP bad,” the UK Treasury analysis does not cover the PM’s deal; it covers no deal, a free trade agreement, the European economic area without a customs union and the Prime Minister’s failed Chequers plan. Does that mean that the Prime Minister plans to ditch her plan for one of those or to proceed without knowing the consequences?

Mel Stride Portrait Mel Stride
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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.