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1140039
registered interest false more like this
date less than 2019-07-17more like thismore than 2019-07-17
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Brexit more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government what plans they have to address any economic downturn that may be caused by a no-deal Brexit. more like this
tabling member printed
Lord Taylor of Warwick more like this
uin HL17274 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-07-23more like thismore than 2019-07-23
answer text <p>The government’s priority has been to ensure a smooth and orderly withdrawal from the EU with a deal as soon as possible. The government has reached agreement with the EU on an extension until October 31<sup>st</sup> at the latest, with the option to leave earlier as soon as a deal is ratified. However, “No Deal” remains the legal default at the end of the extension period if a deal cannot be reached. As a responsible government we have been preparing for this possibility for almost three years to minimise any disruption in the event of no deal. The Treasury and the Bank of England together have all the tools of fiscal and monetary policy available to us, including the fiscal headroom the Chancellor has held in reserve.</p><p> </p> more like this
answering member printed Lord Young of Cookham more like this
question first answered
less than 2019-07-23T11:14:00.283Zmore like thismore than 2019-07-23T11:14:00.283Z
answering member
57
label Biography information for Lord Young of Cookham remove filter
tabling member
1796
label Biography information for Lord Taylor of Warwick more like this