Article 50

Part of the debate – in the House of Commons at 12:39 pm on 24th January 2017.

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Photo of David Davis David Davis The Secretary of State for Exiting the European Union 12:39 pm, 24th January 2017

I will say two things. First, Andy Haldane, the deputy governor of the Bank of England, has talked about a Michael Fish moment for economic forecasters. That is something the hon. Gentleman might deliberate on the next time he wants to ask a question like this. Secondly, economic models and forecasts are only as good as the assumptions that go into them. The point that the Prime Minister made last week was not just that we would not be a member of the single market, but that we would seek the freest and most barrier-free access in the interests of the people of Wales and others. That is what we will seek, but the negotiation is not complete yet. That is our aim and if we succeed, it will be hugely valuable for the people of Wales.