The Treasury Committee announced on 30 June 2016 that it will launch an inquiry into the UK’s future economic relationship with the EU. The Committee will be taking further evidence on the relationships that the UK might now seek with the EU, the trade-offs between market access and control that are likely to be involved, and the practical consequences for people and businesses.
The evidence is to be given by a number of witnesses and the inquiry will be chaired by Rt Hon. Andrew Tyrie, who commented that Article 50 should not be triggered until the UK’s negotiating position is established. The inquiry will seek to identify both the opportunities which may arise from invoking Article 50 and discuss the challenges of balancing market access and controlling migration.
This inquiry is expected to be launched before the summer recess on 21 July 2016.