Hilary Benn – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Hilary Benn on 2016-10-11.

To ask Mr Chancellor of the Exchequer, if he will estimate the annual (a) percentage change and (b) change to the nearest million pounds in tax revenue to HM Treasury in the event of the UK leaving the EU without securing any preferential trade agreements and reverting to standard World Trade Organisation rules from current trading relationships.

Mr David Gauke

As the Prime minister has said, we want the best outcome for Britain. That means pursuing a bespoke arrangement which gives British companies the maximum freedom to trade with and operate in the single market, and enables us to decide for ourselves how we control immigration.