Linked Data API

Show Search Form

Search Results

1002275
star this property registered interest false more like this
star this property date less than 2018-11-05more like thismore than 2018-11-05
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Exports remove filter
star this property house id 2 more like this
star this property legislature
25277
unstar this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what assessment they have made of the report by the Office for Budget Responsibility, Economic and fiscal outlook, published in October, which anticipates exports falling as a share of the overall economy in the next five years. more like this
star this property tabling member printed
Lord Taylor of Warwick more like this
unstar this property uin HL11296 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
unstar this property date of answer less than 2018-11-19more like thismore than 2018-11-19
star this property answer text <p>The Office for Budget Responsibility is independent of Ministers and any views published are their own.</p><p>Since November 2016, the OBR has not assumed any one particular outcome to EU exit negotiations but has based its forecasts on broad-brush assumptions regarding Brexit that are consistent with a range of possible outcomes, as well as judgements about the economy following the referendum.</p><p>In its October 2018 forecast, the OBR have included a two-year transition period. After this they assume leaving the EU will reduce trade intensity which affects both imports and exports with a broadly offsetting impact on net trade. In its latest forecast, the OBR also revised down its forecast for world trade growth, contributing to a downward revision in UK export market growth in the near term. These factors contribute to the decline in exports as a share of GDP.</p><p>Going forward, the Government will continue to provide support for UK exporters through the Department for International Trade by encouraging more businesses to export, providing information, advice and practical assistance on exporting, connecting UK businesses to overseas buyers, and putting finance at the heart of our offer through UK Export Finance.</p>
star this property answering member printed Lord Bates more like this
star this property question first answered
less than 2018-11-19T16:40:52.617Zmore like thismore than 2018-11-19T16:40:52.617Z
star this property answering member
1091
star this property label Biography information for Lord Bates more like this
star this property tabling member
1796
unstar this property label Biography information for Lord Taylor of Warwick more like this
388484
star this property registered interest false more like this
star this property date less than 2015-07-08more like thismore than 2015-07-08
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Exports remove filter
star this property house id 2 more like this
star this property legislature
25277
unstar this property pref label House of Lords more like this
star this property question text To ask Her Majesty’s Government what assessment they have made of the finding of the Office for Budget Responsibility that they will miss the target to increase exports to £1 trillion pounds by 2020 by £367 billion pounds. more like this
star this property tabling member printed
Lord Kennedy of Southwark more like this
unstar this property uin HL1259 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
unstar this property date of answer less than 2015-07-21more like thismore than 2015-07-21
star this property answer text <p>World trade growth has been revised down by the Office for Budget Responsibility (OBR) in each year of the forecast from 2016. As a result, the OBR now expects a weaker outlook for UK export markets. As the UK is one of the most open economies in the world, external weakness, particularly in our biggest export markets in Europe, reduces demand for our exports. In addition the slowdown in world trade is expected to continue, resulting in the OBR forecasting a weaker outlook for UK export markets.</p><p> </p><p> </p><p> </p><p>The £1 trillion figure was set to be ambitious, and it remains so. UK Trade and Investment (UKTI) has more than doubled the number of businesses it helps on an annual basis since 2010, supported by extra resources. However, given the scale of the export challenge it is essential that the broad range of relevant government activity works effectively for all companies across multiple sectors and markets. That is why the government, in its Productivity Plan, has pledged to mobilise the whole of government behind exporting, working alongside a more effective UKTI and better export finance.</p><p> </p><p> </p><p> </p>
star this property answering member printed Lord O'Neill of Gatley more like this
star this property question first answered
less than 2015-07-21T16:22:08.8Zmore like thismore than 2015-07-21T16:22:08.8Z
star this property answering member
4536
star this property label Biography information for Lord O'Neill of Gatley more like this
star this property tabling member
4153
unstar this property label Biography information for Lord Kennedy of Southwark more like this