Lord Myners – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Lord Myners on 2016-03-17.

To ask Her Majesty’s Government whether the Office for Budget Responsibility has produced its own forecast of the consequences of the UK leaving the EU.

Lord O’Neill of Gatley

The Office for Budget Responsibility (OBR) prepares its forecasts on the basis of the current Government policy and does not look at alternative policy scenarios. Government policy is to remain within the EU. Therefore the OBR has not factored into its forecast the impact of a UK exit from the EU.