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1006205

registered interest
date	13/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Freeports
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment the Government has made of the potential merits of introducing free port schemes across the UK.
tabling member constituency	Romford
tabling member printed	Andrew Rosindell
uin	190815
answer	answer is ministerial correction date of answer 21/11/2018 answer text <p>The Government has been clear that it is open to ideas that deliver economic advantages for the UK.</p><p> </p><p>Section 100A of the Customs and Excise Management Act 1979 (CEMA) provides the legal basis for the designation of free zones by HM Treasury and will continue to do so following UK withdrawal from the EU. Applying for designation as a free zone will be a commercial decision to be taken by private port operators.</p><p> </p><p>It is worth noting that many of the customs-related benefits of free ports are already available through existing customs facilitations, for example inward processing relief.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 21/11/2018 14:58:48 answering member 3935 label Biography information for Mel Stride
tabling member	1447 label Biography information for Andrew Rosindell

1006212

registered interest
date	13/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Trade: Channel Islands
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what estimate his Department has made of the net benefits to the economy of trade with the Channel Islands.
tabling member constituency	Romford
tabling member printed	Andrew Rosindell
uin	190821
answer	answer is ministerial correction date of answer 21/11/2018 answer text <p>The Channel Islands contribute significantly to UK trade. Specifically, the UK exported services worth £7.2bn, 2.6% of our total service exports, to Guernsey in 2017. As a result, they were the UK’s ninth largest services export market in 2017.</p><p>Additionally, in 2017, the UK imported services worth £4.1bn from Jersey, representing 2.5% of all UK service imports. As such, they were the UK’s ninth largest services import market.</p><p>More widely, the constitutional relationships between the UK and the Channel Islands are historic and highly valued, and there is a constructive working relationship between the UK Government and those jurisdictions.</p> answering member constituency Salisbury answering member printed John Glen question first answered 21/11/2018 14:49:35 answering member 4051 label Biography information for John Glen
tabling member	1447 label Biography information for Andrew Rosindell

1006214

registered interest
date	13/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment his Department has made of the effect on the financial sector of the UK leaving the EU without a trade deal.
tabling member constituency	Romford
tabling member printed	Andrew Rosindell
uin	190823
answer	answer is ministerial correction date of answer 21/11/2018 answer text <p>UK and EU negotiators have agreed in principle the terms of the UK’s smooth and orderly exit from the EU, as set out in the Withdrawal Agreement. We have also agreed the broad terms of our future relationship as set out in the outline Political Declaration.</p><p>We will ensure Parliament can make an informed decision and business and citizens have a clear understanding of our future relationship. The Government is undertaking a programme of analysis in support of our EU exit negotiations and preparations. The Government has confirmed that when we bring forward the vote on the final deal, we will ensure that Parliament is presented with the appropriate analysis to make an informed decision. As the Chancellor set out in his letter of 23 August to the chair of the Treasury Select Committee, the analysis will look at the economic and fiscal effects of leaving the EU.</p> answering member constituency Salisbury answering member printed John Glen question first answered 21/11/2018 14:51:34 answering member 4051 label Biography information for John Glen
tabling member	1447 label Biography information for Andrew Rosindell