New Model Adviser - For professional financial planners

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Interview: Morgan says parliament won't allow 'no deal'

Today MPs will hold a 'meaningful vote' on Theresa May's withdrawal agreement. Remember our interview with Treasury select committee chair Nicky Morgan from last year? Here are her views on a 'no deal' scenario

Since leaving the government benches in 2016, Loughborough MP Nicky Morgan has tried to cast herself in the light of a 'sensible' Tory. 

Now, as chair of the influential Treasury select committee, it is Morgan's job to coordinate scrutiny of the government's spending policy, and its associated bodies. This is a role that inevitably involves thoughtful assessment of the Treasury's decisions. On Brexit, she has proven no different.

New Model Adviser® met Morgan for an exclusive interview just before Christmas, which was screened at our annual conference last week. Today prime minister Theresa May faces a crunch vote in parliament on her proposed deal with the EU.

A remainer, Morgan says she accepts the result of the June 2016 referendum should hold. She has spoken in depth about rebuilding the country's unity post-Brexit and clearly has some form of vision for how a Tory government may continue to exert its influence on the country for years – decades, even – to come. 

However, in recent months, she has courted controversy among voters for challenging the government's plans for its withdrawal. 

A framed copy of the Daily Telegraph's now infamous 'Brexit mutineers' front page is displayed in her office. That headline was published on 15 November 2017. On it, she is pictured with other fellow 'sensible' Tories: Dominic Grieve, Stephen Hammond and Heidi Allen, to name a few. 

Since then, however, she has remained at the centre of the Brexit row.

New Model Adviser® asked Morgan if we were heading for a no-deal 'WTO' Brexit.  Morgan said: 'I don't think parliament will allow it. One of the things the economic analysis for the Treasury did show was the signifiant negative economic impact a WTO Brexit would have on the UK economy and the uncertainty it would cause.'

Morgan added that if by the end of January no deal had been agreed 'that does count as a bit of a crisis actually' and appealed for different sides of the Brexit debate to work together.

The video above is just one of many remarks she made about Brexit.

Morgan also revealed the Financial Conduct Authority's 'frustration' with EU's Brexit negotiators.

 

Share this story

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
More Content
7228.62 + 49 0.69% 04:35
More Content
More Content

ADVICE

2 Comments Listen up! Six questions that will get clients talking

Listen up! Six questions that will get clients talking

Planners will be in a better position to understand their client's needs by connecting with them on a personal level

twitter_banner

INVESTMENT