Unemployment

Treasury written question – answered on 9th September 2019.

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Photo of Antoinette Sandbach Antoinette Sandbach Independent, Eddisbury

To ask the Chancellor of the Exchequer, what assessment he has made of the potential effect on levels of unemployment of the UK leaving the EU without a deal.

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

Short-term forecasting is undertaken by the Office for Budget Responsibility in line with its statutory duty. In line with its remit, the OBR’s forecasts include the economic and fiscal impact of government policy on EU exit where the effects can be quantified with reasonable accuracy. The OBR has said that it will adjust its Brexit assumptions when more detail is available on the future trade and migration relationship between the UK and EU.

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