UK-EU Trade and Cooperation Agreement

Treasury written question – answered on 17th May 2022.

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Photo of Stephen Farry Stephen Farry Alliance, North Down

To ask the Chancellor of the Exchequer, if he will make an assessment of the potential economic impact of a suspension of the UK-EU Trade and Cooperation Agreement.

Photo of Lucy Frazer Lucy Frazer The Financial Secretary to the Treasury

It is for the Office for Budget Responsibility to provide economic and fiscal forecasting.

The UK-EU Trade and Cooperation Agreement ensures that the UK has control of our laws, borders, money and fisheries, ending any role for the European Court.

The UK Government’s overriding priority has been, and continues to be, preserving peace and stability in Northern Ireland.

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