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1145050

registered interest
date	05/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Housing: Prices
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will make an assessment of the potential effect on house prices on Teesside of the UK leaving the EU without a withdrawal agreement.
tabling member constituency	Stockton South
tabling member printed	Dr Paul Williams
uin	287605
answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>The Office for National Statistics (ONS) publishes monthly data on house prices by region. We have been very clear that we are focused on getting a deal, and hope that the EU will agree to negotiate changes to the withdrawal agreement. The fundamentals of the British economy are strong – wages are growing, employment is at a record high and the unemployment rate is at a historic low. Furthermore, we will continue to closely monitor any developments in economic risks to firms, sectors, and regions.</p><p>The Government and the Bank of England have the policy tools available, and are ready to deliver the necessary response to a No Deal exit.</p> answering member constituency Salisbury answering member printed John Glen question first answered 09/09/2019 13:58:47 answering member 4051 label Biography information for John Glen
tabling member	4666 label Biography information for Dr Paul Williams

1145054

registered interest
date	05/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Exchange Rates
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 the exchange rate of Sterling with the Euro in the event that the UK leaves the EU without a withdrawal agreement.
tabling member constituency	Stockton South
tabling member printed	Dr Paul Williams
uin	287609
answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>It is not appropriate for the government to comment on specific currency market movements.</p><p> </p><p>The government accepts the market-based price of sterling and does not have a view on what level this should be. Moreover, speculating on the value of sterling could hurt confidence in our macroeconomic framework.</p><p> </p><p>It is important to remember that the UK’s macroeconomic framework is based on an inflation target, and it is for the independent Monetary Policy Committee to set monetary policy to meet this target.</p> answering member constituency Salisbury answering member printed John Glen question first answered 09/09/2019 14:00:05 answering member 4051 label Biography information for John Glen
tabling member	4666 label Biography information for Dr Paul Williams