Leaving the EU: Economic Impact of Proposed Deal Debate

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Department: HM Treasury

Leaving the EU: Economic Impact of Proposed Deal

Kirsty Blackman Excerpts
Wednesday 20th February 2019

(5 years, 9 months ago)

Commons Chamber
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Mel Stride Portrait Mel Stride
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The analysis, as demanded by the House, sets out the different possible outcomes, including modelling a range of options between those contained in the White Paper of June last year and an FTA, as well as a point somewhere between the two of them, to allow an informed look at the likely impact of the various outcomes implicit in the future declaration. The hon. Gentleman will know that that is, of necessity, the way in which this analysis has to be conducted, given that we have a period during which we will be negotiating a precise exit arrangement with the European Union.

Kirsty Blackman Portrait Kirsty Blackman (Aberdeen North) (SNP)
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This is Schrödinger’s analysis—even the Minister does not know whether or not it exists at this moment in time. Will he answer a simple question: does he believe that the UK would be better off if it were to leave the EU with the Prime Minister’s deal or if it were to stay in the EU?

Mel Stride Portrait Mel Stride
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I have been asked this question a couple of times, and the reality is that it is entirely hypothetical. To end up staying within the European Union would be to fly in the face of the result of the June 2016 referendum —the referendum had a higher turnout than any other electoral event in our country’s history—and this Government are going to respect the outcome of that referendum.