Dominic Raab said it was a 'rehash of Project fear' as fresh analysis released today showed a No Deal Brexit will have a big hit to the economy
A NO Deal Brexit would cost Britain's economy over £100billion MORE than Theresa May's deal, an explosive report revealed today.
The UK economy could suffer a 9.3 per cent hit if we left the bloc with no agreement in place, Treasury analysis of the two scenarios showed.
Meanwhile, the PM's hated Brexit agreement will only leave GDP down 3.9 per cent in the same period - 15 years - compared to if we stayed in the EU.
But Brexiteers reacted immediately with fury, insisting that such economic forecasts are never to be trusted.
Dominic Raab said it was a "rehash of Project fear", and ex-Tory leader Iain Duncan Smith warned: "At the end of the day, almost all financial forecasts are wrong."
Ministers released a slew of documents today looking at different Brexit scenarios and what they mean for our economy.
In hundreds of pages of economic analysis on our future, it showed:
It's thought that the shocking economic warnings are part of No10's plans to try and get MPs to vote for Mrs May's deal.
Today The Sun revealed that Mrs May could lose the vote by up to 200 votes.
But Mrs May told MPs this lunchtime that her deal would NOT leave Britain worse off.
She said during PMQs: "Our deal is the best deal available for jobs and our economy, that allows us to honour the referendum and realise the opportunities of Brexit.
"This analysis does not show that we will be poorer in the future than we are today, no it doesn't, it shows we will be better off with this deal."
Labour boss Jeremy Corbyn said because it was the only deal on the cards "by definition it's also the worst deal".
He said the analysis was meaningless because there isn't a proper deal on our future yet - it was "just a wishlist".
The Bank of England will be publishing its own analysis of the deal in future.
ALL of the modelled Brexit outcomes would leave us worse off, the Treasury says.
But there's no modelling of how ambitious free trade deals would affect these stats.
BRITAIN won't be able to strike "ambitious" trade deals under Theresa May's Brexit plans, the Government's own analysis has admited.
According to documents released earlier on the economics of possible Brexit deals, it says it's not able to see what happens when tarriffs would be reduced in the event of signing a deep trade relationship with a country like the US or china.
The analysis looks at four main scenarios - Mrs May's plan, no deal, a free trade agreement with the EU, a Norway-style scenario.
This morning a gloomy Philip Hammond claimed that Brexit would make Britain poorer as a country - and that staying in the EU would give us the best ";economic advantage".
"If you look at this purely from the economic point of view, there will be a cost to leaving the EU because there will be impediments to trade,” he told Radio 4.
He warned that Mrs May's deal was "better than a No Deal Brexit" and the PM's deal would deliver a Leave outcome with close to the economic benefits of Remain.
Speaking to the BBC he said: "I'm not trying to scare anybody, I reject the term scare mongering.
"We know there would be significant delays at channel ports, checks would have to be introduced."
The dreary Chancellor said it was the "only way to deliver Brexit while protecting our economy".
But if the deal doesn't get through Parliament, he refused to confirm what would happen - only saying the Cabinet would "decide how best to proceed".
He refused to rule out membership of the European Free Trade Association (EFTA) after The Sun reported Michael Gove and Amber Rudd were teaming up for the UK to join it if the PM's deal was thrown out.
This morning Norway's Prime Minister said they could be willing to lend support for the bid, saying: "if that is what they really want, we will find solutions in the future."
Today a damning report from the Commons Public Accounts Committee said there was a real risk of "major disruption" at UK ports if there was no deal signed.
MPs are set to vote on the deal on December 11, after an expected head-to-head debate with Jeremy Corbyn.
A fresh poll for the Daily Mail showed most voters backed her plan as the "best offer" for the UK.
Although a whopping 49 per cent of people opposed the deal, in a boost for the PM, 44 per cent said the EU wouldn't make further concessions to us, and only a quarter said booting her out would help the deal.
But when asked whether the deal is better than Remaining in the bloc, most voters say Remaining would be the better option.
The Prime Minister continues her tour of the UK today with a trip to Scotland to try and sell her deal.
She will insist she was "robust" in defending UK fishing in Brexit talks, and will speak to factory workers in Glasgow.
And ministers also face a fresh battle on their hands over the legal advice given to the Cabinet about Mrs May's deal.
A vote in Parliament forced them to publish the advice, but ministers are refusing to put out all of it.
Mr Hammond said today it would be "impossible for the government to function" if all such material went public - and hinted that only some of it will go out.
Furious MPs are set to raise the issue in the Commons later.
"We will be free to strike our own trade deals around the world, providing even greater opportunity to Scottish exporters," she will say.
She will add: "So we will be out of the Common Agricultural Policy, which has failed our farmers, and out of the Common Fisheries Policy, which has so tragically failed Scotland's coastal communities.
But Tory MPs say access to UK waters will be used as a "bargaining chip" to seal a good post-Brexit trade deal.
We pay for your stories! Do you have a story for The Sun Online news team? Email us at [email protected] or call 0207 782 4368. You can WhatsApp us on 07810 791 502. We pay for videos too. Click here to upload yours
