U.K. Lawmakers Ask BOE, Treasury for Assessment of Brexit Deal
- Treasury committee request analysis before parliament votes
- Publications may evoke memories of pre-Brexit vote forecasts
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U.K. lawmakers have asked the Bank of England and the Treasury to publish assessments on the impact of Brexit before parliament comes to vote on any deal.
The request from Parliament’s Treasury Committee risks dragging the central bank back into the mire of the political debate surrounding the decision to leave the European Union. It also evokes memories of studies before the Brexit vote, when the BOE -- and the Treasury -- came under fire for what the anti-EU side saw as overly gloomy forecasts and dubbed part of “Project Fear”.