Public Finance

Treasury written question – answered at on 25 July 2018.

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Photo of Faisal Rashid Faisal Rashid Labour, Warrington South

To ask Mr Chancellor of the Exchequer, with reference to paragraph 33 of the Fiscal sustainability report – July 2018, published by the Office of Budget Responsibility on 17 July 2018, what assessment he has made of the implications for his Department's policies that Brexit is more likely to weaken the public finances than strengthen them over the medium term.

Photo of Elizabeth Truss Elizabeth Truss The Chief Secretary to the Treasury

As set out in its White Paper published on 12 July 2018, the government is seeking a deep and comprehensive economic partnership with the EU, broader in scope than any other that exists between the EU and a third country. This partnership will protect jobs and support growth while respecting the UK’s sovereignty, preserving the constitutional and economic integrity of the UK’s own Union, and respecting the EU’s autonomy and the integrity of the Single Market.

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