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1142701

registered interest
date	02/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Overseas Loans: Registration
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what discussions he has had with the Secretary of State for International Development on establishing an Overseas Loan Transparency Register to ensure that people using UK law in loan contracts are not able to make secret loans to governments in the Global South.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	284204
answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>The Chancellor of the Exchequer has not discussed proposals to establish an “Overseas Loan Transparency Register” with the Secretary of State for International Development.</p><p> </p><p>The UK Government is concerned about the sustainability and transparency of loans to low income developing countries. Given the complex international nature of sovereign debt, we continue to believe that internationally-agreed approaches are the most effective way to promote sovereign debt transparency.</p><p> </p><p>The UK is working through the G20 to monitor an industry-led initiative by the Institute of International Finance (IIF) to improve the transparency of lending of private creditors. The work of the IIF was acknowledged by finance ministers in June at the G20 finance ministers’ summit in Fukuoka, and the UK government will be closely monitoring its progress.</p><p><strong> </strong></p> answering member constituency Salisbury answering member printed John Glen question first answered 09/09/2019 11:46:52 answering member 4051 label Biography information for John Glen
tabling member	178 label Biography information for John McDonnell

1143653

registered interest
date	02/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Unemployment
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the potential effect on levels of unemployment of the UK leaving the EU without a deal.
tabling member constituency	Eddisbury
tabling member printed	Antoinette Sandbach
uin	285394
answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>Short-term forecasting is undertaken by the Office for Budget Responsibility in line with its statutory duty. In line with its remit, the OBR’s forecasts include the economic and fiscal impact of government policy on EU exit where the effects can be quantified with reasonable accuracy. The OBR has said that it will adjust its Brexit assumptions when more detail is available on the future trade and migration relationship between the UK and EU.</p> answering member constituency Salisbury answering member printed John Glen question first answered 09/09/2019 11:39:41 answering member 4051 label Biography information for John Glen
tabling member	4506 label Biography information for Antoinette Sandbach

1143669

registered interest
date	02/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Brexit
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what comparative forecast the Government has made of (a) GDP, (b) inflation, (c) foreign direct investment and (d) the UK's balance of trade for the next five years in scenarios in which (i) the UK does not leave the EU, (ii) the UK leaves the EU without deal and (iii) the UK leaves the EU with a deal.
tabling member constituency	Tooting
tabling member printed	Dr Rosena Allin-Khan
uin	285401
answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>HM Treasury does not produce economic forecasts. The independent Office for Budget Responsibility (OBR) is responsible for producing forecasts for the UK economy and public finances. In line with its remit, the OBR’s forecasts include the economic and fiscal impact of government policy on EU exit where the effects can be quantified with reasonable accuracy. The OBR has said that it will adjust its Brexit assumptions when more detail is available on the future trade and migration relationship between the UK and EU.</p> answering member constituency Salisbury answering member printed John Glen question first answered 09/09/2019 11:35:35 answering member 4051 label Biography information for John Glen
tabling member	4573 label Biography information for Dr Rosena Allin-Khan