The UK government and the Bank of England are set to deliver their assessments of a big hit to the economy from a no-deal Brexit. The analysis is expected to conclude the UK would be better off under the terms of May’s agreement than it would in the event of a “no-deal” Brexit.
The bank has said it will publish its assessment of the monetary and financial stability implications of the withdrawal agreement, along with other possible Brexit scenarios, at 4.30pm.
Downing Street also said it will only be releasing a “full reasoned position statement” laying its out political and legal position on the Withdrawal Agreement.
Chancellor @PhilipHammondUK declares that the government will not publish in full the legal advice it received on the Irish border backstop proposal in the divorce deal signed off over the weekend.
Only a "summary" will be released.
— Sky News Politics (@SkyNewsPolitics) November 28, 2018
With barely four months remaining for Britain to leave the EU, May has failed to get much of her own Conservative Party behind the agreement.