Brexit: Economic Forecast Debate
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Lord Strasburger
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Brexit: Economic Forecast
Lord Strasburger Excerpts(6 years, 1 month ago)
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Lord Strasburger
To ask Her Majesty’s Government whether they forecast that any sectors of the United Kingdom economy will be disadvantaged by the proposed European Union Withdrawal Agreement and political declaration when compared with the alternative of the United Kingdom remaining a member of the European Union; and, if so which sectors.
The Minister of State, Department for Exiting the European Union (Lord Callanan) (Con)
My Lords, the UK will be leaving the EU on 29 March next year. Today the Government published their EU exit analysis. It is not a forecast, but focuses on the long-term impact on the UK’s economy. The analysis shows that the model White Paper scenario would support higher economic output for all sectors, compared to the model “no deal” scenario. This is the best deal on offer for protecting jobs and our economy.
Lord Strasburger (LD)
I thank the Minister for that Answer to my Question, if that is what he thinks it was. The Prime Minister repeatedly asserts that rejecting her deal will take us back to square one. That can mean only one thing: that we continue with our current status, which is full membership of the European Union, with all its benefits and with all our current opt-outs. Does the Minister agree with the majority of this House, the majority of the other place, and the majority now of the voting public that square one is a great place to be, and the best option for the country?
Lord Callanan
I am sorry if the noble Lord was disappointed with my Answer, but perhaps he has neglected the small matter of the EU withdrawal Act, which was passed by this Parliament—this House and the House of Commons—and legislated for our withdrawal from the European Union as a result of the referendum, which the Liberals also want conveniently to ignore. We are leaving the EU on 29 March next year. I hope that we will leave with this deal, but if we do not, we will leave with no deal.