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tabling member printed	Lord Birt
uin	HL3600
answer › answering member printed	Lord Bates

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registered interest

date

exactly:

or between:
and

answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member printed

question first answered

answering member


label

tabling member


label

795198

registered interest

date

27/11/2017

answering body

HM Treasury

answering dept id

answering dept short name

Treasury

answering dept sort name

CaTreasury

hansard heading

Economic Situation

house id

legislature

25277

pref label	House of Lords

question text

To ask Her Majesty's Government what assessment they have made of (1) the findings released by the European Commission on 30 October showing that industry and consumer confidence in the Eurozone economies is at its highest level for 17 years, and (2) prospects for growth in the those economies; and what comparative assessment they have made of (a) confidence in the economy, and (b) prospects for growth, in the UK, following the Office for Budget Responsibility's announcement that the UK economy will not grow as fast as previously forecast.

tabling member printed

Lord Birt

uin

HL3600

answer

is ministerial correction

date of answer

05/12/2017

answer text

The Treasury continuously monitors global and European economic developments as part of the normal process of domestic policy development. Euro area growth has become increasingly robust in recent quarters. This has helped boost economic sentiment, as the European Commission’s publication on 30 October notes. They consider that the outlook for euro area growth remains positive; growth forecasts were revised up for the euro area in the Autumn Forecast, released November 9. The UK economy is also fundamentally strong. The economy has grown for 19 consecutive quarters, employment is close to a record high and the deficit has been cut by three quarters. UK consumer confidence has been relatively stable over the last six months. However there is more to do: improving our productivity remains the key to raising living standards over the long term. That is why we have invested over a quarter of a trillion pounds in infrastructure, cut taxes to support business investment and reformed technical education. The UK welcomes the stronger macroeconomic outlook for the euro area. It is in Britain’s interest to see a stable and prosperous euro area

answering member printed

Lord Bates

question first answered

05/12/2017 16:18:17

answering member

1091

label	Biography information for Lord Bates

tabling member

2533

label	Biography information for Lord Birt