Productivity

(asked on 21st June 2017) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what estimate his Department has made of the potential effect on the level of UK GDP of the UK leaving the EU prior to the conclusion of any deal with the EU.


Answered by
Elizabeth Truss Portrait
Elizabeth Truss
This question was answered on 26th June 2017

Government has undertaken a significant amount of work to assess the economic impacts of leaving the EU. This is part of our continued programme of rigorous and extensive analytical work on a range of scenarios on a sector by sector basis.

All departments need to prepare not just for a negotiated settlement, but also for the no deal scenario. We are confident that we will secure a good deal for the UK, but are prepared should there be no deal.

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