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Phillip Hammond and the government Treasury have forecasted that the UK will be economically worse of through Brexit regardless whether Theresa May’s deal is supported or the country leaves
with a no deal divorce from the EU. Conservative MP Iain Duncan Smith refused to believe that the Treasury had accurately predicted the UK’s future in their forecasts during an interview
with Sky New’s Adam Boulton. The former Tory leader said: “The head of OBR said that at the end of the day, almost all financial forecasts are wrong. "That is because what you are
trying to do at the moment is forecast an enormous amount of change. "And then figure out how people will react dynamically to the changed environment. “At the moment because there are
no border checks, you get lorries starting out in Poland, picking up different goods and eventually coming across. “That kind of process dynamically won’t go on, it will change. “When the
Treasury is telling you it can forecast the next 15 to 20 years at one percent to 1.4 percent, they are taking the liquid from us rather quickly. Adam Boulton then defends the predictions by
stating that the figures give us a range of the possible outcomes for the country and reiterates that the Brexiteer Conservatives have already said there is likely to be a “bumpy period or
disruption” that will hit the economy. The Conservative MP continues: “You simply cannot get that accurate. “No one ever said there wouldn’t be any short-term changes that take place. “But
one of the really important factors you need to remember is how you smooth that whole process.”