The Brexit Secretary told the committee for leaving the EU that assessments into how Brexit might affect individual sectors do not exist.
LONDON — Brexit Secretary David Davis said today that the UK government has not produced a single economic assessment into how Brexit might impact individual sectors of the British economy.
Davis said that he is "not a fan of economic models because they have all been proven wrong."
The minister told the Brexit committee that the "usefulness" of producing detailed impact assessments into specific sectors was "near-zero," despite having previously suggested that such assessments existed "in excruciating detail".
"We've already got 50, nearly 60 sector analyses already done," Davis claimed in June of this year.
In October, Davis said the assessments had been conducted in "excruciating" detail.
The Brexit Secretary also revealed that the government did not assess the potential impact of leaving the customs union prior to the Cabinet taking the decision to make it official Brexit policy.
"Isn't that quite extraordinary?" committe chair Hilary Benn asked Davis, to which the Brexit Secretary responded: "no, no."
Britain's decision to leave the customs union is one of the major obstacles in the way of protecting the invisible border between Northern Ireland and the Republic.
Davis accused the committee of falsely believing the impact assessments existed, despite having previously said they did.
"Do not draw the conclusion that because you’ve used the word impact, you have an impact assessment," he told the committee made up of MPs from across the Commons.
To produce assessments into certain Brexit outcomes could impact individual sectors "was not a sensible use of resources," Davis told Benn.
Davis repeatedly responded with "no" as Benn read out a list of sectors, including aerospace and financial services and asked whether the government had produced an impact assessment on them.
However, he said that certain impact assessments may be done in future, claiming the government will "do the best we can to quantify" how certain Brexit outcomes could affect the economy "at some stage."