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1128086
star this property registered interest false more like this
star this property date less than 2019-05-22more like thismore than 2019-05-22
star this property answering body
Department for Exiting the European Union more like this
star this property answering dept id 203 remove filter
star this property answering dept short name Exiting the European Union more like this
star this property answering dept sort name Exiting the European Union more like this
unstar this property hansard heading Brexit more like this
star this property house id 2 more like this
star this property legislature
25277
star 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 differential impact of (1) leaving the EU without a deal, and (2) staying in the EU, over the next 10 years. more like this
star this property tabling member printed
Lord Radice more like this
star this property uin HL15935 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer remove filter
star this property answer text <p>The 2016 referendum delivered a clear instruction to withdraw from the European Union, which the Government is committed to implementing. The Government remains focused on ensuring a smooth and orderly withdrawal from the EU with a deal as soon as possible.</p><p>In November 2018, the Government delivered on its commitment to provide appropriate analysis to Parliament with a robust, objective assessment of how exiting the EU may affect the economy of the UK in the long run (circa 15 years). The analysis considers a range of scenarios, including a no deal scenario. All scenarios are compared to today’s arrangements, but this is not a specific projection of future membership of the EU; the future direction of EU policy is uncertain, and could have both positive and negative impacts on the UK economy. Whilst all economic modelling is inherently uncertain, the analysis shows that compared to today’s arrangements, GDP in the modelled no deal scenario is estimated to be between 6.3% and 9% lower in the long run.</p><p> </p>
star this property answering member printed Lord Callanan more like this
star this property question first answered
less than 2019-06-04T11:03:33.43Zmore like thismore than 2019-06-04T11:03:33.43Z
star this property answering member
4336
star this property label Biography information for Lord Callanan more like this
star this property tabling member
510
star this property label Biography information for Lord Radice more like this
1128087
star this property registered interest false more like this
star this property date less than 2019-05-22more like thismore than 2019-05-22
star this property answering body
Department for Exiting the European Union more like this
star this property answering dept id 203 remove filter
star this property answering dept short name Exiting the European Union more like this
star this property answering dept sort name Exiting the European Union more like this
unstar this property hansard heading Brexit more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government how much they have spent on preparations for a no-deal Brexit. more like this
star this property tabling member printed
Lord Radice more like this
star this property uin HL15936 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer remove filter
star this property answer text <p>Additional EU Exit funding, allocated by HM Treasury to departments and the Devolved Administrations, covers all scenarios. ‘No deal’ spending cannot readily be separated from ‘deal’ spending given significant overlap in plans in many cases. HM Treasury has since 2016 allocated over £4.2 billion of funding, for all exit scenarios.</p><p> </p> more like this
star this property answering member printed Lord Callanan more like this
star this property question first answered
less than 2019-06-04T11:03:56.01Zmore like thismore than 2019-06-04T11:03:56.01Z
star this property answering member
4336
star this property label Biography information for Lord Callanan more like this
star this property tabling member
510
star this property label Biography information for Lord Radice more like this
1127434
star this property registered interest false more like this
star this property date less than 2019-05-20more like thismore than 2019-05-20
star this property answering body
Department for Exiting the European Union more like this
star this property answering dept id 203 remove filter
star this property answering dept short name Exiting the European Union more like this
star this property answering dept sort name Exiting the European Union more like this
unstar this property hansard heading UK Trade with EU more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what estimate they have made of the impact on the level of (1) imports, and (2) exports, with the EU if the UK were to trade on World Trade Organisation terms alone. more like this
star this property tabling member printed
Lord Livermore more like this
star this property uin HL15845 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer remove filter
star this property answer text <p>The Government remains focused on ensuring a smooth and orderly withdrawal from the EU with a deal as soon as possible.</p><p>In November 2018, the Government delivered on its commitment to provide appropriate analysis to Parliament with a robust, objective assessment of how exiting the EU may affect the economy of the UK across different EU exit scenarios. The no deal scenario is based on an assessment of the average trade barriers that a country trading on WTO terms faces. Whilst all economic modelling is inherently uncertain, the increase in trade barriers under the modelled no deal scenario is estimated to result in lower UK-EU trade volumes in the long run compared to today's arrangements; (1) UK imports from the EU are estimated to be between 34-43% lower and (2) UK exports to the EU are estimated to be between 30-40% lower.</p><p> </p> more like this
star this property answering member printed Lord Callanan more like this
star this property question first answered
less than 2019-06-04T11:02:46.673Zmore like thismore than 2019-06-04T11:02:46.673Z
star this property answering member
4336
star this property label Biography information for Lord Callanan more like this
star this property tabling member
4559
star this property label Biography information for Lord Livermore more like this