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European Council

Part of the debate – in the House of Commons at 3:40 pm on 25th March 2019.

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Photo of Theresa May Theresa May The Prime Minister, Leader of the Conservative Party 3:40 pm, 25th March 2019

My right hon. Friend asks an important question. We have published economic analysis that shows the impact of no deal. Over £4 billion is being spent by the Government on preparations for leaving the European Union with or without a deal. As I say, there is economic analysis that shows the impact of no deal over the coming months. My own view is that, over time, we would be able to address the issues that arose, but there would be an immediate impact on the economy.