Question to the HM Treasury:
To ask Her Majesty's Government what estimate they have made of the impact on government borrowing of a free trade agreement with the EU compared to membership of the Single Market in each year between 2019 and 2033.
The Government is undertaking a wide range of analysis and preparatory work to support our EU exit negotiations and preparations. However, it is not standard practice to provide an ongoing commentary on internal analysis.
Ministers have a specific responsibility, which Parliament has endorsed, not to release information that would undermine our negotiating position.
The analysis recently published by the Commons Exiting the EU Committee does not represent Government policy. It is an information gathering exercise, there to test ideas. It is analysis of existing trade relationships - none of which is the outcome we are working towards.