• STV
  • MySTV

Brexit impact assessments 'don't exist', admits Davis

David Davis was quizzed at a Westminster committee over his Brexit preparations.

David Davis: The Brexit secretary said the documents are 'very useful'.
David Davis: The Brexit secretary said the documents are 'very useful'. ITV

Brexit Secretary David Davis has admitted the government has not carried out an overall assessment of the impact of Britain leaving the European Union.

Appearing in front of the Exiting the European Union Committee, Mr Davis made the admission after being asked by its chair Hilary Benn why no assessments had been submitted ahead of the session.

Last week, Mr Davis gave the committee 850 pages of what he terms "sectoral analyses" but no forecasts of the Brexit impact.

Mr Benn said: "Is the reason you have not handed over the assessments because you don't have them, is that correct?"

Mr Davis replied: "The sectoral analysis that were started back in 2016 are essentially looking at what the industries consist of, looking at the size of them in terms of revenue, capital, and employment and so on.

"Looking at their involvement in the European markets, looking at their regulatory structure and so on."

He added: "Now it's all very useful and it's the under-pinning of a lot of policy but it's not a forecast of the outcome of leaving the European Union or indeed various options there of."

Committee chair Hilary Benn asked Mr Davis to clarify what if any assessments had been carried out.
Committee chair Hilary Benn asked Mr Davis to clarify what if any assessments had been carried out.

"What we tried to do was to give you as best we could under the conditions...without undermining our negotiating position, and without compromising commercial confidentiality or market sensitive data," Mr Davis added.

Mr Benn then asked the Brexit Secretary to clarify his statement, to which he replied "there's no systemic impact assessment".

"The answer is no," Mr Benn pressed, to which Mr Davis agreed "no".

The Brexit Secretary also told MPs leaving the European bloc will lead to a "paradigm change" in the UK economy in a similar way to the 2008 financial crash.

He added that in this such circumstances any assessment of the potential impact of the change on various sectors of British industry using existing economic models would not necessarily be "informative".

"I'm not a fan of economic models because they have all proven wrong. When you have a paradigm change - as happened in 2008 with the financial crisis - all the models were wrong."

"Similarly, what we are dealing with here in every outcome - whether it is a free trade agreement, whether it is a WTO outcome or whether it is something between that on the spectrum - it is a paradigm change.

"We know not the size, but the order of magnitude of the impact," he added.

Mr Davis was questioned by the cross-party committee.
Mr Davis was questioned by the cross-party committee.

It comes as Brexit talks with EU leaders stalled earlier this week when the prime minister pulled out of a potential deal after Northern Ireland's Democratic Unionist Party objected to a draft Irish border proposals.

Foreign Secretary Boris Johnson has called on the EU to give an immediate green light to talks on post-Brexit trade relations, rather than insisting on waiting for a breakthrough over the Irish border.

One account. All of STV.

This field is required. That doesn't look like a valid e-mail format, please check. That e-mail's already in our system. Please try again.
ShowHide
Forgot password?
This field is required. This must be at least 6 characters long. Did you enter your details correctly?
If you've forgotten your details then use the 'Forgot password?' link.
Need to reset your password?

We'll send a link to reset your password to

We've sent you details on how to reset your password

Please check your email and follow the instructions.

Forgotten your email address?

Have you forgotten the email address that you previously joined with? Don't worry, by emailing enquiries@stv.tv we can help.

One account. All of STV.

This field is required. Please enter at least 2 characters
This field is required. Please enter at least 2 characters
This must be at least 6 characters long.
ShowHide
This field is required. This must be at least 6 characters long.
You must be over 16 to join STV.
This field is required. This doesn't appear to be a valid date
We need this to check that you live in an STV region.
This field is required. This doesn't appear to be a valid postcode
Would you like us to email you about our great shows and services from time to time?
We'll only send emails we think you'll like (see example) based on information you have supplied and shows you have watched on STV Player. For details on emails and advertising, see our STV & You page.
Would you like to receive emails from the Scottish Children's Lottery about draws, instant games and competitions?
We support the Scottish Children's Lottery (SCL), which is managed by our colleagues at STV ELM Ltd. You can find out more about the SCL on it's website, including its Privacy Policy.

By continuing you agree to our Terms of Use, and understand our Privacy and Cookie Policies.

Upload Profile Picture

Please make sure your image is under 2mb in size and a valid JPG, PNG or GIF.

Are you sure?

Unfortunately, you'll be unable to access our premium content. We’ll be sorry to see you go, but if you change your mind you can rejoin us at any time.

Please verify your STV account

Please verify your STV account using the email we sent you. If you have lost the email, we can send you another one, just click the button below.

Thanks

We've sent you a new verification email.
Please check your email and follow the instructions to verify your account.

Welcome to STV
Thanks for joining us.

Oops!

Sorry, you must be at least 12 years old to place a vote for your Real Hero.

Please review our Voting Terms of Use for more information.

Oops!

Sorry! It seems that you are using a browser that is incompatible with our voting service.

To register your vote please copy the below URL in to your regular mobile browser. We recommend Google Chrome, or Safari.

http://shows.stv.tv/real-heroes/voting

Oops!

Sorry, you seem to have already voted in this category.

Thanks for voting

Now share your vote with friends on your social network

Share on twitter Share on facebook

Cast your vote

Please register or sign in to continue.

Cast your vote

This field is required. This doesn't appear to be a valid date

Cast your vote

Please fill out this form to cast your vote. As you are under 16 years old you will not create an STV account. Why do we need these details?

This field is required. Please enter at least 2 characters
This field is required. Please enter at least 2 characters
This field is required. That doesn't look like a valid e-mail format, please check.
Location This field is required.
Parental Consent This field is required.

That's you. All that's left is to click the 'Submit Vote' button below. By doing so, you confirm that you and your parent or guardian have read and accept our Voting Terms of Use, Privacy Policy and Cookie policy, and that the details you have entered are correct. We'll look after them as carefully as if they were our own.