Leaving the EU: Economic Analysis

Richard Bacon Excerpts

Tuesday 30th January 2018 Commons Chamber

[Mr Baker]

As I believe the record will show, I have said multiple times that in all scenarios in this economic analysis growth is forecast. So it is good news for the hon. Lady and for the country that in all of the forecasts—in all of the circumstances of the economic analysis—growth is forecast. She brings up the issue of the supply chain, so I also say to her that we are of course apprised of the imperatives of complex international supply chains, not just between the UK and Europe, but around the whole world. In particular, I draw attention to provisions in the Union customs code for inward and outward processing rules, which should assist manufacturers in her constituency.

[Mr Richard Bacon (South Norfolk) (Con)]

Were the economists involved in these forecasts the same ones who said we would lose half a million jobs if people voted for Brexit? Since the referendum we have, in fact, gained 350,000 jobs.

[Mr Baker]

I am not able to give my hon. Friend exactly that information, but perhaps some of the economists are the same ones. In my experience, civil servants, at all levels, dutifully carry out the instructions of the Government, and I am sure they are doing that in this case.