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Britain has not formally assessed impact of Brexit on economy: Brexit minister

Key Points
  • "There's no systematic impact assessment I'm aware of," Brexit Secretary David Davis told a parliamentary committee.
Brexit Secretary David Davis arriving in Downing Street, London, for a Cabinet meeting.
Stefan Rousseau | PA Images | Getty Image

Britain has not conducted a formal sector-by-sector analysis of the impact that leaving the European Union will have on the British economy, Brexit minister David Davis said on Wednesday, arguing that they were not necessary at the current time.

"There's no systematic impact assessment I'm aware of," Davis told a parliamentary committee, saying it would be more appropriate to conduct such analysis later in the negotiating process.