Economic Situation

(asked on 2nd July 2019) - View Source

Question to the HM Treasury:

What recent assessment his Department has made of the short-term economic effect of the UK leaving the EU without a deal.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 2nd July 2019

The Government has prepared extensively for a range of Brexit scenarios.

But even with these preparations, leaving with “No Deal” would entail significant disruption in the short term. And in the long-term, the government’s analysis shows clearly that regions, nations and sectors of the UK would have lower economic output compared to today’s arrangements.

Reticulating Splines