Brexit: Economic Analysis of Various Scenarios Debate

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Department: Department for International Development

Brexit: Economic Analysis of Various Scenarios

Viscount Ridley Excerpts
Wednesday 28th November 2018

(6 years ago)

Lords Chamber
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Lord Bates Portrait Lord Bates
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The answer is, very soon.

Viscount Ridley Portrait Viscount Ridley (Con)
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Is my noble friend at all concerned about what appears to be a circular argument in the analysis of the Treasury, in which it assumes its own conclusions? Essentially, it says that if there are no gains from separating from the EU, there will be net losses from that separation in proportion to the degree to which we separate.

Lord Bates Portrait Lord Bates
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This is not Treasury analysis; it is government analysis. It has been drawn up in collaboration with departments such as BEIS, Defra and DExEU, which have had a significant input. We believe that the analysis supports the case for backing the deal that has been presented to us.