The BBC host argued his Conservative Party’s spending analysis was based on the Government’s own papers published one year ago and accused the Chancellor of failing to publish a newly costed analysis of the Prime Minister’s deal. Mr Marr said: “A free trade agreement area will cost an eye-watering big £72 billion hit on borrowing over the next few years, according to the Government’s own figure.

“Now, they’re a year old but they’re the only ones we’ve got to go on.

“So we are talking about something like a £72 billion in extra borrowing because of your deal.”

But Sajid Javid immediately corrected the BBC host: “That’s not right. Because first of all, with regard to the deal in front of Parliament right now is the withdrawal agreement.

“And alongside that, we’ve published a full impact assessment.

“Now, you’re talking about the future arrangement where we do want a deep, best-in-class free trade agreement with our European friends.

“And if you want to look at what kind of assessment has been done of that, you have to at last week’s Bank of England’s analysis.”

The Chancellor also defended Conservative claims that Labour’s election policies would cost £1.2 trillion, and warned that Jeremy Corbyn’s party would leave the country with an economic crisis “within months”.

He told Mr Marr: “What we’ve set out today is the true cost of Corbyn’s Labour.

“It is additional spending planned by Labour over the life of the next Parliament if they win the election of £1.2 trillion – that’s some £650 million extra a day, or something like the entire NHS budget for nine years.”

He said: “This is the true cost of Corbyn’s Labour: these are the numbers that John McDonnell did not want you to see, and they’re out there today.

“These are eye-watering levels of spending – £1.2 trillion.

“It will be absolutely reckless and will leave this country with an economic crisis within months, not years.”

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The Chancellor refused to be drawn on some of his own spending plans – including inheritance and income taxes – saying the party would set them out during the course of the campaign.

“With our plans, because they are properly costed, and by the way – whether it’s a tax pledge or anything else – we will be clear about how we will be funding that and that will be absolutely inside our fiscal rules.

“We’ll be able to show people that we can both have tax cuts and have spending on what I call the people’s priorities, on the NHS, on crime, on schools, and we can invest in infrastructure for the future.”

Mr Javid said he believes in low taxes and that people should “keep more of their own money”.

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