Brexit: Economic Impact Debate
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Lord Bridges of Headley
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Brexit: Economic Impact
Lord Bridges of Headley Excerpts(5 years, 9 months ago)
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Lord Bates
In some sense they did that, because the analysis benchmarked against the status quo—our membership of the European Union. It then went through the options and said that, over a 15-year period, if the White Paper model were accepted there would be a 0.6% impact on GDP, 2.1% modelled on White Paper sensitivity, 4.9% on a free trade agreement and 7.7% on no deal.
Lord Bridges of Headley (Con)
My Lords, when the Government publish their tariff schedule for what would apply in the event of a no-deal scenario, will they also publish an impact assessment of those tariffs?
Lord Bates
My noble friend puts forward an interesting idea. Of course, the tariff schedule has not been published yet. It will be published shortly, and I am sure the Financial Secretary to the Treasury and others will have heard my noble friend’s suggestion.