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Written question asked by Antoinette Sandbach (Independent (affiliation)) on Monday, 2 September 2019, in the House of Commons. It was due for an answer on Wednesday, 4 September 2019. It was answered by John Glen (Conservative) on Monday, 9 September 2019 on behalf of the Treasury.


Inflation: Brexit

Question

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

Answer

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.


Secondary information

Type
Written question
Reference
285147
Session
2017-19
Subjects
Inflation Brexit
Contains statistics
Yes
Link
View this Written question on www.parliament.uk