Tory MP demands a probe of the Treasury's Brexit sums

Mark Sands
Follow Mark
The UK voted to leave the European Union on June 23. (Source: Getty)
member of parliament’s public spending watchdog is demanding the National Audit Office question doom-laden Brexit predictions.

The Treasury issued a series of warnings ahead of the referendum, and now Tory Brexiteer Charlie Elphicke is calling for a probe.

Elphicke, who sits on the Public Accounts Committee, said the bleak scenarios had not come to pass, arguing the Treasury must face scrutiny.

Read More: Garden Bridge collapse could cost taxpayers £22.5m

“The people of Britain need a Treasury with robust processes to ensure that forecasts are accurate, objective and can be trusted,” Elphicke wrote.

Treasury figures were based on an immediate triggering of Article 50, and policy makers failing to respond to the Brexit verdict.

Read More: Nissan letter reveals no extra spending says top civil servant

A Treasury spokesman said: “We want the best outcome for Britain. That means pursuing a bespoke arrangement, which was not what the Treasury’s pre-referendum analysis was based on.”

It comes after Cambridge academics last week questioned the Treasury’s Brexit warnings.

Related articles