Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Steven Paterson Excerpts
Tuesday 18th April 2017

(7 years ago)

Commons Chamber
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John Bercow Portrait Mr Speaker
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Be careful what you wish for, sir.

Steven Paterson Portrait Steven Paterson (Stirling) (SNP)
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25. According to the findings of independent analysis, a hard Tory Brexit could cost Scotland 80,000 jobs over 10 years and a 5% drop in GDP. Why have the UK Government failed to produce a comprehensive impact assessment of the effect of a hard Tory Brexit on our economy? Is it the case that, for some reason, now is not the time?

Lord Hammond of Runnymede Portrait Mr Hammond
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As the article 50 notice letter set out very clearly, the Government are seeking to negotiate a deep and special partnership with the European Union, at the heart of which will be a comprehensive free trade agreement covering goods, services and networks. That will allow us to continue to work closely with the European Union after leaving the organisation.

The Government do carry out detailed analysis to inform their negotiating strategy, but I am sure the hon. Gentleman would not want me to reveal the outcome of that analysis, which would be of great use to our negotiating partners on the other side. That is not the way to get the best deal for Britain in these negotiations.