Irish finance minister expects United Kingdom to honour December #Brexit deal
- Author: Sonia Alvarado Feb 10, 2018,
Feb 10, 2018, 2:55
It is the only region of England with a surplus in goods trade with the European Union, and also has the highest per capita European Union funding of any English region.
New figures from the controversial Whitehall analysis leaked last month suggest that the North East of England would be the worst affected, followed by the West Midlands and Northern Ireland, while London would be least affected.
And, should the European Union become derailed with no deal - an option that has not yet been completely ruled out - then economic output in the Midlands could be hit even harder.
Britain has since then ruled out a customs union with the EU.
Even if Britain remains in the single market, the North's economic growth would be 2.5 per cent lower than if it remained in the EU.
Northern Ireland could also face a GDP slump of 12 per cent, which could be exacerbated if the Cabinet fails to establish a common position on the border with Ireland.
The SNP's Stephen Gethins asked her: "The Scottish Government analysis has shown that a "no deal" scenario could cost Scotland up to 8.5 per cent of GDP".
Despite initial protests from the DUP, the unionists were bought off with paragraph 50 of the joint agreement, in which the British government promised to ensure that there would be no barriers to trade between the British mainland and Northern Ireland.
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"It is important to state that the UK Government wants to achieve a good deal for the UK that protects the economic integrity of the UK", she added.
It is contained in reports analysing the economic impact of Brexit that was first obtained by Buzzfeed last week.
The leak came as MPs were believed to have been seen the assessments in private sessions in the House of Commons on Wednesday. "This might cause some problems in the United Kingdom - but we didn't create this mess".
"We are not expecting a no deal scenario".
According to Sky News, the report contains a region-by-region breakdown of potential GDP losses under three scenarios: staying in the single market, leaving with a free-trade deal, and a no-deal Brexit.
"Options for achieving that should not have been swept off the negotiating table, including being in a customs union with our largest trading partner".
Liberal Democrat Brexit spokesman Tom Brake said: "The government need to start being clear what they are fighting for". The Tories are putting everything on the line because they do not care about the lives and livelihoods of the people of the North East.
"The Tories must now explain why they accused the Scottish Government of scaremongering when their own government was covering up similar findings".
The SNP government's January report found that a no-deal Brexit would cost the Scottish economy nearly £13bn a year by 2030.