Claim: The Treasury expects the UK economy to shrink by 4.9% under a Canada-style deal with the EU.
Fact-check: No, the Treasury doesn't expect the economy to shrink if we sign a Canada-style deal with the EU - Full Fact
Verdict: the treasury estimated that a free-trade agreement similar to canada's would mean the uk economy grows between 4.9% and 6.7% less over 15 years, than it would have if we had remained in the eu. but that doesn't mean the economy will shrink.
Organisation: Full Fact
Author: Abbas Panjwani
Date published: 2020-03-03T00:00:00