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759861
registered interest false more like this
date less than 2017-09-12more like thismore than 2017-09-12
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name CaTreasury more like this
hansard heading Balance of Payments more like this
house id 1 more like this
legislature
25259
pref label House of Commons remove filter
question text To ask Mr Chancellor of the Exchequer, what steps he is taking to reduce the balance of payments deficit; and if he will make a statement. more like this
tabling member constituency Shipley more like this
tabling member printed
Philip Davies more like this
uin 10042 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2017-09-20more like thismore than 2017-09-20
answer text <p>The current account deficit has widened due to a worsening in investment income, as returns on investments in the UK have been higher than the income earned by the UK on investment abroad. As the world economy recovers the current account deficit should narrow, in line with the Office for Budget Responsibility’s forecast of -2.0% of GDP in 2021<strong>. </strong>The Government is supporting exports through UK Export Finance which has provided £14bn in support for UK exporters in the last five years and <strong>t</strong>he Department for International Trade helping over 2,800 businesses who are new to exporting.</p> more like this
answering member constituency North East Cambridgeshire more like this
answering member printed Stephen Barclay more like this
question first answered
less than 2017-09-20T13:01:28.09Zmore like thismore than 2017-09-20T13:01:28.09Z
answering member
4095
label Biography information for Steve Barclay more like this
tabling member
1565
label Biography information for Sir Philip Davies more like this