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The Treasury continually monitors global economic developments, including those in Europe and Japan, and their impact on the UK.<\/p>
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The UK is one of the most open economies in the world through trade and financial channels, so we are not immune from global developments. Despite the effects of these developments, the UK was the fastest growing major advanced economy (G7) in the first half of the year, the deficit is falling and there are record levels of people in work.<\/p>
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As the Chancellor said last month: \u201cWe need to send a clear message out around the world that we have a stable economy, that our economic plan is working, and that we\u2019re not going to deviate from that economic plan, so that people around the world know that while Britain is not immune from what is going on in the world we can take steps to protect ourselves.\u201d<\/p>
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<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4117", "label" : {"_value" : "Biography information for Andrea Leadsom"} } , "answeringMemberConstituency" : {"_value" : "South Northamptonshire"} , "answeringMemberPrinted" : {"_value" : "Andrea Leadsom"} , "dateOfAnswer" : {"_value" : "2014-11-26", "_datatype" : "dateTime"} , "groupedQuestionUIN" : {"_value" : "215132"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2014-11-26T13:47:33.717Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2014-11-19", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Economic Situation: Japan"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential effects of the Japanese recession on the UK economy.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/1447", "label" : {"_value" : "Biography information for Andrew Rosindell"} } , "tablingMemberConstituency" : {"_value" : "Romford"} , "tablingMemberPrinted" : [{"_value" : "Andrew Rosindell"} ], "uin" : "215130"} ], "itemsPerPage" : 10, "page" : 0, "startIndex" : 1, "totalResults" : 1, "type" : ["http://purl.org/linked-data/api/vocab#ListEndpoint", "http://purl.org/linked-data/api/vocab#Page"]} }