Petition · past parliament
Establish economic tests to assess readiness for Brexit.
Closed
71 signatures
What the petition asks
The decision to leave the European Union will have huge consequences for the United Kingdom. The economic tests that were created to assess readiness for EMU provide a model for taking proper account of the economic consequences prior to notifying the EU of our intention to leave under Article 50.
Various attempts have been made to estimate the cost to the UK of Brexit. Such an estimate has to take into account potential loss of trade, inward investment and joint R&D, as well as additional spending on the military, borders, redundancy and pensions, and bureaucracy. This is against the background of record debt (approx. 90% GDP). Parliament should establish metrics for the economic impact of each Brexit scenario (e.g. so-called hard or soft) so that an informed decision can be made.
Timeline
| 21 Sep 2016 | Petition opened for signatures |
| 21 Mar 2017 | Closed to new signatures |
Key facts
Signatures
71
Status
Closed
Opened
21 Sep 2016
Closed
21 Mar 2017
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Source: the official petition page. Last checked 15 Jul 2026.