Vara condemns those engaging in "Project Fear 2" on leaving the EU without a deal

17th October 2017

Shailesh Vara condemns those who threaten economic Armageddon if we leave the EU without a deal as engaging in "Project Fear 2".

Those who threaten economic Armageddon if we leave the EU without a deal are, in effect, engaging in “Project Fear 2”. Does my right hon. Friend agree that “Project Fear 1” did not materialise and there is every possibility that “Project Fear 2” will not either?

 

My hon. Friend is right about that. I am not a great believer in mathematical forecasting, but I can tell him that if he really wants to look at an independent view of what a World Trade Organisation outcome would look like, he could look at an OECD report out today, which says that growth will continue.

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