Government launches inquiry into economic effects of Brexit

It will consider the progress of the negotiations to date, the design and governance of transitional arrangements, and the shape of the long-term economic relationship.

The first evidence session will take place next week with Sir Ivan Rogers, former Permanent Representative of the United Kingdom to the European Union, Catherine Barnard, Professor of European Union Law at the University of Cambridge, and Sir Alan Dashwood QC, Barrister and former Director of the Council of the European Union Legal Service.

Nicky Morgan MP, Chair of the Treasury Committee, said: “The progress and outcome of the Brexit negotiations will have profound implications for the economy and public finances.

“The Committee will consider the short-term risks to an orderly withdrawal, and the shape of the long-term economic relationship.

“Firms and individuals need certainty about the situation after March 2019. The priority of the inquiry, therefore, will be to consider the negotiation, design and governance of transitional arrangements.”