Question to the Department for Business, Energy and Industrial Strategy:

To ask Her Majesty's Government what assessment they have made of the economic impact that a no-deal Brexit could have on the UK manufacturing sector.

On 28th November 2018 the Government laid before Parliament the document entitled, “EU Exit: Long-term economic analysis”. The purpose of this analysis was to illustrate high level impacts on the UK from different EU Exit scenarios. It included associated costs for five broad sector groups across the economy, which together cover the majority of the UK economy and all traded goods and services:

• Manufactured Goods;
• Agri-food;
• Services (Non-Financial and Non-Networks);
• Financial Services;
• Networks

While economic modelling is an inherently uncertain exercise, the Government’s analysis indicates that the economy could be worse-off in the long run in a no deal scenario.