UK Treasury is expected to launch a study quantifying the economic gains from
closer ties with the EU, a move that could rekindle the 'Project Fear' debate.
Labor and senior government figures said the Treasury may be asked later this
year to produce an impact assessment to support Prime Minister Burnham's options
on the long-term UK‑EU relationship. Conservative shadow chancellor Andrew
Griffith warned the exercise could mirror the Treasury's controversial pre-2016
warnings, saying maintaining confidence in the UK government bond market is
critical and the Treasury must avoid replaying 'Project Fear' in reverse.
