My hon. Friend is making a good case. There is a further cost that he is not taking into account, which is the cost to the public finances. We know that the Red Book takes no account of the £40 billion or £50 billion in the divorce bill, which means that the Government’s forecast—or the OBR’s forecast—for the public finances will be shot to pieces. That means interest rates will go up faster than anticipated and the cost of Government borrowing will go up. This is a major economic event and we need an assessment of that as well from the Government. Does my hon. Friend agree with me?
European Union (Withdrawal) Bill
Proceeding contribution from
Helen Goodman
(Labour)
in the House of Commons on Wednesday, 6 December 2017.
It occurred during Debate on bills
and
Committee of the Whole House (HC) on European Union (Withdrawal) Bill.
About this proceeding contribution
Reference
632 c1134 Session
2017-19Chamber / Committee
House of Commons chamberSubjects
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2020-04-14 14:11:38 +0100
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