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619492

registered interest
date	24/10/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Exchange Rates
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what is their assessment of the recent fall in the value of sterling.
tabling member printed	Lord Kennedy of Southwark
uin	HL2598
answer	answer is ministerial correction date of answer 02/11/2016 answer text <p>The UK has an inflation target, not an exchange rate target. The value of sterling adjusts flexibly in response to economic conditions and market forces.</p><p> </p><p>We are going through a period of adjustment as the economy responds to the vote to leave the European Union. The fundamental strength of the UK economy means that it is well-placed to deal with the challenges, and take advantage of the opportunities, that lie ahead.</p> answering member printed Lord Young of Cookham question first answered 02/11/2016 16:15:10 answering member 57 label Biography information for Lord Young of Cookham
tabling member	4153 label Biography information for Lord Kennedy of Southwark

600525

registered interest
date	12/10/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Consumer Goods: Imports
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what impact they expect the recent fall in the value of sterling to have on imported consumer goods.
tabling member printed	Lord Kennedy of Southwark
uin	HL2278
answer	answer is ministerial correction date of answer 25/10/2016 answer text <p>Before the referendum on the UK’s membership of the EU, the UK government published short-term and long-term assessments of the likely impact on the UK economy from leaving the EU, including the effects of sterling revaluation. HM Government is monitoring economic developments closely and the independent Office for Budget Responsibility will produce an updated economic forecast alongside Autumn Statement 2016.</p> answering member printed Lord Young of Cookham question first answered 25/10/2016 11:09:30 answering member 57 label Biography information for Lord Young of Cookham
tabling member	4153 label Biography information for Lord Kennedy of Southwark