UK Trade with EU

Department for Exiting the European Union written question – answered on 22nd March 2018.

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Photo of Lord Livermore Lord Livermore Labour

To ask Her Majesty's Government what estimate they have made of the impact on GDP of a free trade agreement with the EU compared to membership of the Single Market in each year between 2019 and 2033.

Photo of Lord Callanan Lord Callanan Minister of State (Department for Exiting the European Union)

As the Prime Minister has made clear, we are seeking the broadest and deepest possible partnership with the EU – covering more sectors and co-operating more fully than any Free Trade Agreement anywhere in the world today.

The Government is undertaking a wide range of ongoing analysis in support of our EU exit negotiations and preparations. This work is ongoing, and Ministers have a specific responsibility, which Parliament has endorsed, not to release information that could reveal our negotiating position.

The analysis recently published by the Commons Exiting the EU Committee does not represent Government policy. It is an information gathering exercise, there to test ideas. It is analysis of existing trade relationships - none of which is the outcome we are working towards.

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