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Brexit Readiness: Operation Yellowhammer

Part of the debate – in the House of Commons at 3:31 pm on 25th September 2019.

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Photo of Edward Davey Edward Davey Liberal Democrat Spokesperson (Treasury), Liberal Democrat Spokesperson (Business, Energy and Industrial Strategy), Deputy Leader, Liberal Democrats 3:31 pm, 25th September 2019

Let me be generous to the Chancellor of the Duchy of Lancaster: let us imagine that his no-deal preparations are successful and that if we were to leave, we would do so in a benign way. Is he aware that in its “Fiscal risks report”, published in July, the independent watchdog, the Office for Budget Responsibility, said that a benign no deal would cost the public purse £30 billion a year for the next four years? What preparations have the Government made to plug that £120 billion gap of a benign no-deal Brexit?