Parliament’s Treasury select committee has today released a report on post-Brexit transitional arrangements. The report recommends a ‘standstill’ transition period during which the UK remains within the Single Market and the Customs Union.
Commenting on today’s news, Alison McGovern MP, member of the Treasury select committee and leading supporter of Open Britain, said:
“The Treasury Committee are absolutely right to say the UK must not leave the Single Market and the Customs Union in March 2019, and to warn of the dangers of a “no deal” Brexit which would see the UK crash out of the EU on WTO terms.
“But a transition to a hard Brexit will only postpone the cliff-edge. If the Government wanted to put the interests of the economy first, they would heed the report’s warnings and rule out leaving with no deal, and commit to keeping the UK in the Single Market and Customs Union for the long term.
“As it becomes clear that the Brexit the Government is pursuing will damage our economy and our country, people are right to keep an open mind about what happens next.”
Notes to editors:
The full report by the Treasury Select Committee can be found here.