Britain has not formally assessed impact of Brexit on economy: David Davis

Brexit Secretary David Davis arriving in Downing Street, London, for a Cabinet meeting.

Stefan Rousseau | PA Images | Getty Image

Brexit Secretary David Davis arriving in Downing Street, London, for a Cabinet meeting.

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

“There’s no systematic impact assessment I’m aware of,” Davis told a parliamentary committee, saying the idea would certainly be more appropriate to conduct such analysis later from the negotiating process.

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