Brexit: Economic Situation

Treasury written question – answered on 26 January 2023.

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Photo of Marsha de Cordova Marsha de Cordova Labour, Battersea

To ask the Chancellor of the Exchequer, what recent assessment his Department has made of the impact of Brexit on the UK economy.

Photo of Andrew Griffith Andrew Griffith The Economic Secretary to the Treasury

It is for the Office for Budget Responsibility to provide economic and fiscal forecasts. Global external factors, including Covid and Russia’s invasion of Ukraine, continue to put pressures on the UK economy. It is not possible to definitively disentangle the effect of these global factors from the longer-term impacts of EU exit on the UK economy and households.

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