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Committee requests updated economic analysis of Brexit

18 July 2019

In June 2018, the Treasury Committee asked HM Treasury, the Bank of England and the Financial Conduct Authority to produce analysis of the impact of Brexit in differing scenarios, and in good time before Parliament came to vote on the eventual Brexit deal.

Today, Rt Hon. Nicky Morgan MP, Chair of the Treasury Committee, has written to Sir Tom Scholar, Permanent Secretary of HM Treasury, and Mark Carney, Governor of the Bank of England, to request up-to-date and rigorous analysis of the economic impacts of the current key scenarios for the UK’s future economic relationship with the EU.

Chair's comments

Commenting on the correspondence, Mrs Morgan said:

“Economic analysis of the Withdrawal Agreement and Political Declaration that was produced at the Treasury Committee’s request will be almost a year old on the 31 October Brexit deadline.

“As the Committee requested prior to the first meaningful vote, we have asked HM Treasury and the Bank of England to, where necessary, provide updated analysis of the economic impacts of the key scenarios for the UK’s future economic relationship with the EU.

“This will ensure that Parliament is as informed as possible as it considers key decisions about the future of our country.” 

Further information

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