National Income

Treasury written question – answered on 15th January 2019.

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Photo of Tom Brake Tom Brake Liberal Democrat Spokesperson (International Trade), Liberal Democrat Spokesperson (Exiting the European Union)

To ask the Chancellor of the Exchequer, pursuant to the Answer of 11 December 2018 to Written Question 199762 on National Income, if he will publish regional estimates of the change in gross value added of the UK (a) remaining a member of the EU, (b) leaving under the proposed EU withdrawal agreement, (c) leaving the EU and with a basic free trade agreement and (d) leaving the EU without a deal.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

The Government has published estimates of long-run changes to regional GVA in four scenarios – modelled White Paper, modelled EEA-type, modelled average FTA, and modelled no deal - compared to today’s arrangements.

The analysis shows that all regions and nations of the UK will be better off in the modelled white paper scenario than in the modelled no-deal.

The publication can be found here: https://www.gov.uk/government/publications/exiting-the-european-union-publications

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