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Financial Benefit of Brexit Deal

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Dear Her Majesty's Treasury,

In light of the recent announcement of the deal between the UK and EU, I would like to understand more about the economic modelling that supports Government statements about how the UK will "prosper", and how the deal is "fantastic".

It is common when setting goals that they use the SMART acronym, Specific, Measurable, Achievable, Realistic, and Timely.

Please could you address the following queries with relation to SMART.

S (Specific)
How specifically will the UK prosper?

M (Measurable)
How will prosperity be measured? Compared with a base case of EU membership, will the UK prosper more of less now with the deal that has been agreed?

A (Achievable).
Much has been promised as part of Brexit arguments, in terms of the ability to replace what would be lost in terms of EU trade with improved worldwide trade. Will this come at greater cost to end consumers? Given the greater distances involved, what additional cost will there be to the environment compared to the baseline of EU trade that has been modeled as being replaced by world trade?

R (Realistic)
Have realistic assumptions with regards to future trade deals been applied?
What are the risks that within the UK Government control that would threaten the modeled outcome of the prosperity that has been communicated by the Government? What probabilities have been assigned to these risks?
What are the risks that the UK Government can no longer control because they are not part of the EU that could threaten the the modeled outcome of the prosperity that has been communicated by the Government? What probabilities have been assigned to these risks?

T (Timely)
Of most importance to me personally, is the question associated with Timeliness. Will the UK prosper within my working lifetime (I am 54), my children's lifetime (they are in their early 20s) or otherwise. This needs to be assessed compared to the baseline of what would have been continued membership of the EU, which needs to factor in the deals they have recently made with Japan and elsewhere which have been largely replicated by the UK.

In addressing this question, please also factor in the costs (and itemise in your response) that have been incurred over the past four years in setting up Government departments to deal with Brexit.

Yours faithfully,

Simon Light

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