MP, Labour’s Shadow
Chancellor, commenting on the House of Commons
Treasury Committee’s report into the Government’s and Bank of
England’s Withdrawal Agreement which is widely critical of the
government and Treasury, said:
“Today’s report makes damning reading for the Government.
“The Treasury Select Committee has confirmed the Government’s
economic analysis does not model the most likely outcome of the
Prime Minister’s botched Brexit deal, does not model the short
term effects on jobs and instead models a deal abandoned months
ago.
“The report confirms Parliament’s fears that the backstop is the
probable – potentially long term – outcome and confirmed the
Government’s refusal to model its economic impact. Clearly,
either the Government does not know what the effect of remaining
in the backstop will be or does not want MPs and the public to
know.
“This Government’s incompetent and chaotic handling of the most
important decision facing this country for a generation is
damaging our economy and our democracy. If the Government cannot
bring back a deal that protects our economy and is acceptable to
Parliament, they should make way for a party that can.”
Ends
Notes for editors:
- · The committee
expressed its disappointment that the Treasury did not provide
all evidence that the Committee requested.
- · The Treasury did
not produce short-term analysis of any scenarios. The Committee
is also disappointed that the Treasury modelled scenarios that
have been rejected by the EU (i.e. Chequers) yet did not model
scenarios that are considered probable.
