UK Brexit Sec. Davis: Government has no overall impact assessment on Brexit

Dhwani Mehta FXStreet

The UK Brexit Secretary Davis is on the wires now, via Reuters, testifying to the Brexit parliamentary committee.

Key Headlines:

Government has no overall impact assessment on Brexit.

Impact assessment on individual sectors of the economy not necessary at this point.

Usefulness of a detailed impact assessment is zero.

At some stage, we can at best try to quantify the different negotiating outcomes for Brexit.

Will assess the impact of various Brexit outcomes closer to negotiation timetable.

Govt has a ‘major contingency planning operation’ under way in case of ‘No Deal Brexit’

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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