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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
star 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
star this property is ministerial correction false more like this
star this property date of answer less than 2019-06-04more like thismore than 2019-06-04
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
unstar this property answering member printed Lord Callanan more like this
star this property question first answered
remove filter
star this property answering member
4336
star this property label Biography information for Lord Callanan more like this
star this property tabling member
4559
unstar this property label Biography information for Lord Livermore more like this