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164223
registered interest false more like this
date less than 2014-11-21more like thismore than 2014-11-21
answering body
Department for Business, Innovation and Skills more like this
answering dept id 26 more like this
answering dept short name Business, Innovation and Skills more like this
answering dept sort name Business, Innovation and Skills more like this
hansard heading EU Internal Trade 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, further to the Written Answer by Lord Livingston of Parkhead on 19 November (HL2689), what evidence they have of the United Kingdom enjoying benefits which are derived from enhanced competition and innovation as members of the Single Market which it would not have enjoyed had it not been in that Market. more like this
tabling member printed
Lord Pearson of Rannoch more like this
uin HL3053 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2014-12-01more like thismore than 2014-12-01
answer text <p>The Single Market encourages competition by removing barriers to trade between EU members. An increase in competition can be expected to reduce prices and increase choice for consumers, encourage firms to innovate, reallocate resources to more productive means, and boost macroeconomic performance. The European Commission have estimated that the competition and innovation impacts of the Internal Market Programme have boosted EU GDP by over 2%<sup><sup>[1]</sup></sup>.</p><p> </p><br /><p>[1] European Commission <em>Steps Towards a Deeper Integration: The Internal Market in the 21<sup>st</sup> Century</em>, 2007</p><p> </p> more like this
answering member printed Lord Livingston of Parkhead more like this
question first answered
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answering member
4278
label Biography information for Lord Livingston of Parkhead more like this
tabling member
3153
label Biography information for Lord Pearson of Rannoch more like this