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679311

	registered interest
	date	26/01/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Balance of Trade
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government, in (1) 2014, (2) 2015, and (3) 2016, what were the balance of trade figures between the UK and (a) France, (b) Germany, and (c) Italy.
	tabling member printed	Lord Hoyle
	uin	HL5026
	answer	answer is ministerial correction date of answer 31/01/2017 answer text <p>The latest available estimates show that the UK ran a trade balance (a) with France of –£6.1 billion in 2014 and -£5.2 billion in 2015; (b) with Germany of –£24.7 billion in 2014 and -£25.3 billion in 2015 and (c) with Italy of -£4.8 billion in 2014 and -£3.9 billion in 2015. Data is currently unavailable for 2016.</p> answering member printed Baroness Neville-Rolfe question first answered 31/01/2017 14:57:23 answering member 4284 label Biography information for Baroness Neville-Rolfe
	tabling member	1000 label Biography information for Lord Hoyle

510269

	registered interest
	date	11/04/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Balance of Trade
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government what assessment they have made of the impact on sterling of the trade gap.
	tabling member printed	Lord Taylor of Warwick
	uin	HL7475
	answer	answer is ministerial correction date of answer 25/04/2016 answer text <p>No assessment has been made of the impact on sterling of the trade gap.</p><p> </p> answering member printed Lord O'Neill of Gatley question first answered 25/04/2016 15:22:24 answering member 4536 label Biography information for Lord O'Neill of Gatley
	tabling member	1796 label Biography information for Lord Taylor of Warwick

427509

	registered interest
	date	10/11/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Balance of Trade
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government what assessment they have made of the current account deficit in trade.
	tabling member printed	Baroness Kennedy of Cradley
	uin	HL3529
	answer	answer is ministerial correction date of answer 18/11/2015 answer text <p>The current account deficit was 5.1 per cent of GDP in 2014. The trade balance has been broadly stable, while the UK’s net investment income has fallen, as weakness in the euro area has depressed the returns on the UK’s holding of foreign direct investment. Figures for Q2 2015 show that the deficit has narrowed, driven by an improvement in the trade and investment income balances. The Office for Budget Responsibility forecasts a narrowing of the current account deficit over the forecast period.</p> answering member printed Lord O'Neill of Gatley question first answered 18/11/2015 16:41:06 answering member 4536 label Biography information for Lord O'Neill of Gatley
	tabling member	4303 label Biography information for Baroness Kennedy of Cradley

78317

	registered interest
	date	16/07/2014
	answering body	Department for Business, Innovation and Skills
	answering dept id	26
	answering dept short name	Business, Innovation and Skills
	answering dept sort name	Business, Innovation and Skills
	hansard heading	Balance of Trade
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government what assessment they have made of the Office for National Statistics’ calculation that the United Kingdom trade deficit widened in May, compared with April.
	tabling member printed	Lord Barnett
	uin	HL1207
	answer	answer is ministerial correction date of answer 30/07/2014 answer text <p> </p><p>Between April and May 2014, the Office of National Statistics have reported that the total UK trade deficit widened from £2.1bn in April to £2.4bn in May. This £0.4bn<sup>1</sup> increase was driven by a £0.2bn increase in total exports while imports increased more, by £0.6bn. Goods exports increased by £0.1bn while goods imports increased by £0.5bn - more than service exports and imports which both increased by less than £0.1bn.</p><p> </p><p> </p><p> </p><p> </p><p> </p><p>Monthly trade data are often volatile and usually subject to revisions in later months. On a less volatile basis, in 2013 the total trade deficit decreased by £4.9bn to £28.5bn from £33.4bn in 2012. This was driven by a £10.4bn increase in total exports while imports rose by only £5.4bn over the same period.</p><p> </p><p> </p><p>Between April and May 2014, the ONS have reported that the total UK trade deficit widened from £2.1bn in April to £2.4bn in May. This £0.4bn<sup>1</sup> increase was driven by a £0.2bn increase in total exports while imports increased more, by £0.6bn. Goods exports increased by £0.1bn while goods imports increased by £0.5bn - more than service exports and imports which both increased by less than £0.1bn.</p><p> </p><p> </p><p>Monthly trade data are often volatile and usually subject to revisions in later months. On a less volatile basis, in 2013 the total trade deficit decreased by £4.9bn to £28.5bn from £33.4bn in 2012. This was driven by a £10.4bn increase in total exports while imports rose by only £5.4bn over the same period.</p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p><em>1 The £0.4bn increase is higher than the difference between the two deficits due to rounding.</em></p><p> </p><p> </p> answering member printed Lord Livingston of Parkhead question first answered 30/07/2014 16:17:07 answering member 4278 label Biography information for Lord Livingston of Parkhead
	tabling member	1018 label Biography information for Lord Barnett

964725

	registered interest
	date	24/07/2018
	answering body	Department for International Trade
	answering dept id	202
	answering dept short name	International Trade
	answering dept sort name	International Trade
	hansard heading	Balance of Trade
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for International Trade, what recent assessment he has made of the size of the UK trade deficit in respect of (a) manufactured goods, (b) food and (c) energy; and what recent comparison he has made of each deficit with the size of such deficits and surpluses registered by other major economies.
	tabling member constituency	Birkenhead
	tabling member printed	Frank Field
	uin	169065
	answer	answer is ministerial correction date of answer 11/09/2018 answer text <p>On an annual basis UK exports continue to grow faster than UK imports, with ONS figures showing the overall trade deficit narrowing by £5.0bn, from £30.9bn in 2016 to £25.9bn in 2017. Internationally comparable data from UNCTAD shows the UK has the lowest trade deficit amongst G8 nations for energy goods, the third highest trade deficit for manufactured goods, and the second highest trade deficit for food products.</p><p>We recently launched the government’s new export strategy that sets out a new offer to help boost exports, informed by engagement with businesses across the UK. Our ambition is for the UK to be a 21st century exporting superpower, by raising exports as a percentage of GDP from 30% to 35%, towards the top of the G7 by this measure.</p> answering member constituency Beverley and Holderness answering member printed Graham Stuart grouped question UIN 169066 question first answered 11/09/2018 16:11:19 answering member 1482 label Biography information for Graham Stuart
	tabling member	478 label Biography information for Lord Field of Birkenhead

1503467

	registered interest
	date	02/09/2022
	answering body	Cabinet Office
	answering dept id	53
	answering dept short name	Cabinet Office
	answering dept sort name	Cabinet Office
	hansard heading	Balance of Trade
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Minister for the Cabinet Office, what estimate his Department has made of the balance of trade for Standard Industrial Classification groups (a) J.58.1, (b) J.58.2, (c) J.60, (d) J.62, (e) M.72 and (f) R.90 in each of the last five years.
	tabling member constituency	Lewisham, Deptford
	tabling member printed	Vicky Foxcroft
	uin	45137
	answer	answer is ministerial correction date of answer 13/09/2022 answer text <p>The information requested falls under the remit of the UK Statistics Authority.</p><p>A response to the hon. Member’s Parliamentary Question of 2nd September is attached.</p><p> </p> answering member constituency Charnwood answering member printed Edward Argar question first answered 13/09/2022 16:49:48 answering member 4362 label Biography information for Edward Argar attachment 1 file name UKSA_Response_to_PQ45137.pdf title UKSA response to 45137
	tabling member	4491 label Biography information for Vicky Foxcroft

1059918

	registered interest
	date	12/02/2019
	answering body	Cabinet Office
	answering dept id	53
	answering dept short name	Cabinet Office
	answering dept sort name	Cabinet Office
	hansard heading	Balance of Trade
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Minister for the Cabinet Office, what estimate his Department has made of the balance of trade for Standard Industrial Classification groups (a) J.58.1, (b) J.58.2, (c) J.60, (d) J.62, (e) M.72 and (f) R.90 in each of the last five years.
	tabling member constituency	Lewisham, Deptford
	tabling member printed	Vicky Foxcroft
	uin	220294
	answer	answer is ministerial correction date of answer 19/02/2019 answer text <p><em></em></p><p>The information requested falls within the responsibility of the UK Statistics Authority. I have asked the Authority to reply.</p> answering member constituency Norwich North answering member printed Chloe Smith question first answered 19/02/2019 15:20:01 answering member 1609 label Biography information for Chloe Smith attachment 1 file name PQ220294_220295 (2).pdf title UKSA Response
	tabling member	4491 label Biography information for Vicky Foxcroft

644381

	registered interest
	date	25/11/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Balance of Trade
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what research his Department has commissioned on the effect on the UK's future trade balance of the UK leaving the customs union.
	tabling member constituency	Brent North
	tabling member printed	Barry Gardiner
	uin	54967
	answer	answer is ministerial correction date of answer 02/12/2016 answer text <p>The Government continues to undertake a range of analyses to inform the UK’s position for the upcoming EU exit negotiations. We are seeking the best possible arrangement for trade in goods and services and the work being conducted reflects this.</p><p> </p><p>The UK’s future relationship with the EU will be contingent on the exit negotiations and the Government will not provide a running commentary on these negotiations.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke grouped question UIN 54692 question first answered 02/12/2016 11:11:19 answering member 1529 label Biography information for Mr David Gauke
	tabling member	146 label Biography information for Barry Gardiner

644033

	registered interest
	date	24/11/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Balance of Trade
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, whether his Department has commissioned cost-benefit analysis of the potential effect of the UK leaving the single market and the customs union on the UK's balance of trade.
	tabling member constituency	Brent North
	tabling member printed	Barry Gardiner
	uin	54692
	answer	answer is ministerial correction date of answer 02/12/2016 answer text <p>The Government continues to undertake a range of analyses to inform the UK’s position for the upcoming EU exit negotiations. We are seeking the best possible arrangement for trade in goods and services and the work being conducted reflects this.</p><p> </p><p>The UK’s future relationship with the EU will be contingent on the exit negotiations and the Government will not provide a running commentary on these negotiations.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke grouped question UIN 54967 question first answered 02/12/2016 11:11:19 answering member 1529 label Biography information for Mr David Gauke
	tabling member	146 label Biography information for Barry Gardiner

425609

	registered interest
	date	03/11/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Balance of Trade
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the implications for his policies of the size of the current account balance in 2014.
	tabling member constituency	East Ham
	tabling member printed	Stephen Timms
	uin	14589
	answer	answer is ministerial correction date of answer 06/11/2015 answer text <p>The current account deficit in 2014 was 5.1% of GDP, with this net borrowing from the rest of the world helping fund the budget deficit. The Government’s plan to repair the public finances through fiscal consolidation should in turn improve the current account deficit, as set out in the latest forecasts of the Office for Budget Responsibility.</p><br /><p>The Government is also working to boost UK exports, including a £20m package of support for first time exporters and working alongside a more effective UKTI and better export finance.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 06/11/2015 13:55:47 answering member 1529 label Biography information for Mr David Gauke
	tabling member	163 label Biography information for Sir Stephen Timms