Leaving the Eu: Economic Analysis

Part of the debate – in the House of Commons at 12:48 pm on 28 November 2018.

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Photo of Jacob Rees-Mogg Jacob Rees-Mogg Conservative, North East Somerset 12:48, 28 November 2018

I am sure that my right hon. Friend recalls the wild inaccuracy of the Treasury’s forecasts before the referendum—of a punishment Brexit and an increase in unemployment of 800,000—but is there not a major flaw in the document we have before us? Global trends have not been modelled, yet it is thought that 90% of future global economic growth will come from outside the European Union. Without thinking about that, this forecast is worthless.