Brexit: David Davis admits government has done no economic assessment for if UK crashes out of EU with no deal

Brexit Secretary David Davis has stunned MPs by admitting he has done no economic assessment of crashing out of the EU with ‘no deal’.

Giving evidence to MPs, Mr Davis insisted it was not possible to calculate the impact of the Brexit talks failing – adding: “I may be able to do so in about a year’s time.”

The Brexit Secretary rubbished the Treasury’s pre-referendum forecasts of an economic crash if Britain left the EU with no fresh trade agreement.

But, asked by the chairman of the Brexit select committee, if a new assessment had been carried out, Mr Davis replied: “Under

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