Brake – “Soaring costs of Brexit” should make Ministers think twice

Brexit department Minister Robin Walker this morning (Thursday) failed to deny, at a session of the EU Scrutiny Committee, that an extended Brexit transition period could add £5 billion to the UK’s “divorce bill” if we left the European Union.

Commenting Tom Brake MP, leading supporter of the Open Britain campaign, said:

“While the Cabinet try to work out what on earth their position is on Brexit, they should consider the soaring cost of what they are embarked on.

“Not only have we gone from being the fastest growing economy in the G7 to the slowest, now we learn that that the divorce bill will be as much as £44bn, £5bn more than what the Government agreed to last year. And as the Government’s leaked analysis showed, this will be just the tip of the iceberg if we sever ties with our largest trading partner.

“As the economic reality of Brexit becomes clear – forking out huge sums of money in return for a worse relationship – everybody should keep an open mind as to whether this is the right path for our country.”



Notes to editors

Robin Walker can be seen answering questions on this from 10:34 onwards here: