Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential effect on consumer purchasing power of the UK leaving the EU without having agreed a trade deal with the EU.
The Government has undertaken a significant amount of work to assess the economic and fiscal implications of leaving the EU as part of continued rigorous and extensive analytical work on a range of scenarios.
My Rt hon Friend the Prime Minister has made clear that the UK aims to agree an ambitious and comprehensive economic partnership with the EU that is of far greater scope and ambition than any existing free trade agreement.