David Davis
Secretary of State for Exiting the EU“a comprehensive free trade agreement and a comprehensive customs agreement that will deliver the exact same benefits as we have”
House of Commons, answering a question during his statement on the Supreme Court’s Article 50 ruling. Source: Hansard
What happened
On 2 March 2018 Theresa May said: “In certain ways, our access to each other’s markets will be less than it is now.” The OBR judges that the trade agreement in force since 2021 raised non-tariff barriers, and expects UK exports and imports to be around 15 per cent lower in the long run than if the UK had stayed in the EU.
Sources: GOV.UK: Mansion House speech · OBR