Treasury, BoE and FCA asked to publish Brexit impact analysis ahead of vote

Morgan has asked the three organisations to publish their analyses "in good time" before Parliament comes to vote on the Brexit deal.

In her letter to Chancellor Philip Hammond, Morgan asked for long-term analysis which would consider the economic and fiscal impact of implementing the Withdrawal Agreement and the terms of the future framework, as well as a 'no deal' scenario.

Commenting on the correspondence, Nicky Morgan said: "Parliament’s vote on the Withdrawal Agreement and future relationship can only be meaningful if it is properly informed.

"The Chancellor has promised the Committee that he will place the “maximum amount of analysis in the public domain” on the economic and fiscal consequences of implementing the Withdrawal Agreement and future relationship, once it has been negotiated. I have written to him to set out the Committee’s expectations for what that analysis should contain.

"I also expect the Bank of England and the Financial Conduct Authority to explain how Parliament’s decision will affect their ability to meet their objectives, including financial stability and consumer protection.

"In the months ahead, the Committee will press for robust and high-quality analysis on the consequences of Brexit for the economy and the public finances, so that Parliament’s decisions can be based on the best possible evidence."