Brexit Minister Jacob Rees-Mogg declined to comment on the impact of leaving the EU on the British economy.


Regent Minister Jacob Rees-Mogg on Wednesday declined to comment on the impact of leaving the EU on the UK economy – instead of criticizing experts who have blamed the damage. I have published reports.

He declined to say whether the government had any idea of ​​Briggs’ economic losses or gains.

Speaking on the occasion by The Standard, he said: “I’m not going to do this kind of review because lots were made before the referendum and they are all bulges.

“The Treasury is telling us that we are going to go to disaster and the worst recession just by voting for the holiday.

“There is no point in inventing stupid statistics that many people have done and all of them have been proven wrong so far.

“So, no, I’m not going to get involved in this game.”

The difference with the new reports, however, is that they are not predictions or predictions of what would happen if Brexit happened, but instead of voting for the UK to leave in 2016 and then leave in January 2020. There are analyzes of the subsequent economic effects.

The Treasury has so far failed to provide an estimate of Bridget’s economic impact, and the Bank of England has been accused of refusing to talk about it to avoid embarrassing the government.

Mr Reese Mogg’s comments came hours after a new report said Briggs would affect real workers’ wages by about پا 500 a year and hurt Britain’s competitiveness.

A study by the Resolution Foundation in collaboration with the London School of Economics says the immediate effect of the referendum results is clear, with “depleted inflation” increasing the cost of living for households. And business investment is declining.

The UK has not seen as much of a decline in its exports to the EU as many have predicted, although imports from the EU have fallen faster than exports from the rest of the world, the study suggests.

The report says that the UK has experienced an 8% reduction in trade openness since 2019 – trade as part of economic output – and the market for its three largest non-EU commodity import markets in 2021. Losing shares, the United States, Canada and Japan.

It will take years for the full effect of the trade and cooperation agreement to be felt, but the authors say that moving towards a more closed economy will make the UK less competitive, which will reduce productivity and real wages.

Research estimates that changes to trade rules alone will reduce labor productivity by 1.3% by the end of the decade, contributing to weak wage growth, and real wages averaged about. 470 per worker will be less. Than it would have been otherwise.

Another recent report by the Center for European Reform estimates that the UK’s GDP has been hit by ٹ 31 billion.

Mr Reese-Mogg, however, dismissed the findings as “inaccurate”.

Earlier, the minister said a dashboard would be made available to the public on a quarterly basis to show how much has been amended in EU law.

He vowed a British-style revolution to get rid of unnecessary legislation and regulations imported from the European Union.

In a statement to the Commons, Mr Reese Witherspoon, whose portfolio includes Briggs ‘opportunities and government performance, said: “As we make the most of Briggs’ benefits, Transforming into the most sensible regulated economy, we must reform EU law. We have maintained our constitution book.

“Only by reforming the existing EU law will we finally be able to end almost 50 years of EU membership.”

He added: “I am pleased to announce that today we are publishing an authoritative catalog of 2,400 pieces of legislation covering more than 300 individual policy areas.

“This catalog will be available on through an interactive dashboard. It will be updated on a quarterly basis so that the public can count on the EU law being maintained as the government amends it.

He added: “The publication of this dashboard gives the public a real opportunity. We can change everything on it now.

Mr Mogg said he was inviting people “from all over the country” to “once again share their views on reform and to further consider the pieces of legislation that have been upheld by the European Union.” Affect lives. “

He said: “Using this dashboard, the public can join us on this journey to amend, repeal or change the existing EU law. Together we will make reforms that will significantly increase productivity. And will help us spread the benefits of development across the country.

But Labor has criticized the announcement, saying the ploys do nothing to address the “real challenges” facing the people today.

Shadow Foreign Office Minister Stephen Doty told the MPs: “This seems like a futile project. Families wondering how to put food on the table, prices are rising at the fastest rate in 40 years, the government’s offer today is a digital filing cabinet of existing legislation for the British people, called a gentleman Describes, in his own words, mediocrity.

“And while the government intends to reduce the number of government employees by 20 per cent, the so-called Minister of Public Works is running his own make-up scheme in the Cabinet office, and preparing work for them to fulfill his obsession. Is.”