Bank of England must conduct honest assessment of Brexit deal

 Leader of the Liberal Democrats Vince Cable has today urged the Bank of England to conduct “an honest assessment of the Brexit deal and the options” and produce economic analysis of what remaining in the EU will mean for the UK economy. 

 The calls follow the appearance of Bank of England Governor Mark Carney before the Commons Treasury committee this morning where he said that the Bank of England was “not intending to look at providing additional analysis on the third scenario which is no Brexit at all.”
 
However, just last night the House of Commons forced the Government to accept an amendment to the Finance Bill which means Ministers must publish assessments comparing the UK’s economic prospects between Theresa May’s deal and remaining in the EU. The Liberal Democrats want the Bank of England to follow suit.
 
Leader of the Liberal Democrats Vince Cable said: 
 
“Last week the PM confirmed that ‘No Brexit’ was an option for the UK going forward; it is now going from possible to probable.
 
“The public deserve to see a full and comprehensive assessment of all the options available to us – they should have had it two years ago in all honesty.
 
“The Bank of England need to do the responsible thing, and provide an analysis of the benefits of remaining in the EU, the emergence of information such as this is a game changer, and shows more than ever why we need to take this decision back to the people with a final say on May’s deal,”