Any solution which left the country divided, left a large segment of the population feeling betrayed, in my view, would have a negative political and societal impact that would far outweigh the very small economic impact that the white paper scenario is showing here.
My own judgment is that we need a way forward which heals our country. We have a deeply fractured country with opinion heavily polarised and trust in the political system correspondingly damaged. And I would suggest to the committee that divided countries are not successful countries.
I have come to the conclusion that the future success of our country depends on us executing the instruction of the British people in the referendum, leaving the European Union, but doing so in a way that minimises the impact upon our economy and maximises the opportunity that we have in the future, so that we can come together as a nation and work together to exploit those opportunities in the future.