Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate he has made of the unrecoverable cost to British economy of preparations for the (a) 31 March deadline for the UK to leaving the EU and (b) 12 April deadline for the UK to leaving the EU.

The government has committed to ensuring that preparations are in place for leaving the European Union.

Despite the uncertainty around Brexit, the economy remains resilient. We are currently enjoying the longest unbroken quarterly growth streak of any G7 nation and employment is at a record high. The Government’s priority is to leave the EU with a deal as soon as possible, providing certainty for businesses and delivering a Brexit that best supports the economy and jobs. The Government has published extensive advice on the steps that businesses may need to take to prepare for our exit from the EU. The public information campaign pages on Gov.uk provide all up to date material on the considerations of EU exit for businesses, and the practical steps that they will need to take in preparation.