Streeting – Treasury must publish its Brexit impact analysis

During an appearance before the Treasury select committee this afternoon, the Permanent Secretary at HM Treasury Tom Scholar refused to reveal any details of the models his department has conducted on the economic impact of different Brexit outcomes.

This follows on from an interview published earlier today with Robert Chote, the Head of the independent Office of Budget Responsibility, who said that "most of the work that trade economists have done" shows that the costs of leaving the Single Market and the Customs Union are greater than the benefits.

 

Commenting, Wes Streeting MP, leading supporter of Open Britain, said:

“If sunlight is the best disinfectant, then this Government seems determined to keep its information about the economic impact of Brexit hidden away in the darkest cave they can find.

“After the Brexit department was forced to finally release their shallow, shoddy impact assessments at the end of last year, the Treasury is now telling us they won’t let MPs or the public see any of the modelling they’ve done for different Brexit outcomes. 

“This is people’s jobs and livelihoods we’re talking about: the Treasury has no right to conceal what the impact of Brexit will be. They should publish their analysis as soon as possible. People should know what the costs of Brexit are so they can decide whether the whole process is worth it. If it isn’t, everyone has the right to keep an open mind about whether it’s the right path for the country.” 

/ends

 

Notes to editors

The full interview with Head of the OBR Robert Chote that is referenced in this press release can be read here.