The Government keeps track of external analysis from third parties often based on a range of assumptions and hypothetical views. Since leaving the EU, the Department for Business and Trade has secured free trade deals with 73 countries in addition to the EU, partners which accounted for £1.1 trillion UK trade in 2022, and simplified import tariffs to lower costs for businesses and households.<\/p>
<\/p>
The UK\u2019s total trade with the world (including goods and services) increased by £43bn (inflation adjusted) in 2023 compared to 2018. Since the referendum, the UK has grown faster than Germany, Italy, and Japan and the IMF forecasted that the UK will see the 3rd fastest cumulative growth in the G7 over 2024-2029, ahead of Germany, Italy, France, and Japan.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/1526", "label" : {"_value" : "Biography information for Greg Hands"} } , "answeringMemberConstituency" : {"_value" : "Chelsea and Fulham"} , "answeringMemberPrinted" : {"_value" : "Greg Hands"} , "dateOfAnswer" : {"_value" : "2024-04-18", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2024-04-18T16:11:40.247Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "214"} , "answeringDeptShortName" : {"_value" : "Business and Trade"} , "answeringDeptSortName" : {"_value" : "Business and Trade"} , "date" : {"_value" : "2024-03-26", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Brexit"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Secretary of State for Business and Trade, whether she has made an assessment of the potential implications for her policies of the Goldman Sachs report entitled the Structural and Cyclical Costs of Brexit, published on 9 February 2024.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/1565", "label" : {"_value" : "Biography information for Sir Philip Davies"} } , "tablingMemberConstituency" : {"_value" : "Shipley"} , "tablingMemberPrinted" : [{"_value" : "Philip Davies"} ], "uin" : "20572"} , {"_about" : "http://data.parliament.uk/resources/1697252", "AnsweringBody" : [{"_value" : "Department for Business and Trade"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1697252/answer", "answerText" : {"_value" : "
The Department for Business and Trade has no plans to commission a review into the economic, and other benefits or disbenefits of Brexit. However, to mark the fourth anniversary of Brexit, on 31st<\/sup> January this year, the Department for Business and Trade published an overview of Brexit successes: Brexit 4th Anniversary<\/a><\/p> Since the referendum the UK has grown faster than Germany, Italy, and Japan. Latest figures show that UK exports are £862<\/ins> The Department has secured free trade deals with 73 countries plus the EU, partners that accounted for £1.1 trillion UK trade in 2022 and simplified import tariffs to lower costs for businesses and households.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4949", "label" : {"_value" : "Biography information for Lord Johnson of Lainston"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Johnson of Lainston"}
, "dateOfAnswer" : {"_value" : "2024-04-16", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "true", "_datatype" : "boolean"}
, "previousAnswerVersion" : {"_about" : "http://data.parliament.uk/resources/1697252/answer/previousversion/28059", "answeringMember" : {"_about" : "http://data.parliament.uk/members/4949", "label" : {"_value" : "Biography information for Lord Johnson of Lainston"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Johnson of Lainston"}
}
, "questionFirstAnswered" : [{"_value" : "2024-04-16T16:29:29.977Z", "_datatype" : "dateTime"}
], "questionFirstMinisteriallyCorrected" : [{"_value" : "2024-04-19T12:20:38.663Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "214"}
, "answeringDeptShortName" : {"_value" : "Business and Trade"}
, "answeringDeptSortName" : {"_value" : "Business and Trade"}
, "date" : {"_value" : "2024-03-19", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Brexit"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask His Majesty's Government whether they have any plans to commission a review into the (1) economic, and (2) other, (a) benefits, and (b) disbenefits, of Brexit.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/2533", "label" : {"_value" : "Biography information for Lord Birt"}
}
, "tablingMemberPrinted" : [{"_value" : "Lord Birt"}
], "uin" : "HL3357"}
, {"_about" : "http://data.parliament.uk/resources/1536282", "AnsweringBody" : [{"_value" : "Department for Business, Energy and Industrial Strategy"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1536282/answer", "answerText" : {"_value" : " The Government is committed to taking full advantage of the benefits of Brexit, including through the Retained EU Law (REUL) (Revocation and Reform) Bill, which had Second Reading on 25 October. The Bill will end the special legal status of all REUL and make it more easy to amend, repeal or replace. This will allow us to create a more agile and innovative regulatory environment, and reform our laws and regulations to best fit the needs of the UK and boost economic growth.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4460", "label" : {"_value" : "Biography information for Ms Nusrat Ghani"}
}
, "answeringMemberConstituency" : {"_value" : "Wealden"}
, "answeringMemberPrinted" : {"_value" : "Ms Nusrat Ghani"}
, "dateOfAnswer" : {"_value" : "2022-11-07", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2022-11-07T17:11:41.953Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "201"}
, "answeringDeptShortName" : {"_value" : "Business, Energy and Industrial Strategy"}
, "answeringDeptSortName" : {"_value" : "Business, Energy and Industrial Strategy"}
, "date" : {"_value" : "2022-10-26", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Brexit"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Secretary of State for Business, Energy and Industrial Strategy, what his Department's priorities are for pursuing post-Brexit opportunities.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4006", "label" : {"_value" : "Biography information for Dr Matthew Offord"}
}
, "tablingMemberConstituency" : {"_value" : "Hendon"}
, "tablingMemberPrinted" : [{"_value" : "Dr Matthew Offord"}
], "uin" : "72238"}
, {"_about" : "http://data.parliament.uk/resources/1490873", "AnsweringBody" : [{"_value" : "Cabinet Office"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1490873/answer", "answerText" : {"_value" : " We will not be publishing quarterly lists of the identified benefits. Outside the European Union, Parliament is now able to take advantage of a whole host of regulatory opportunities, spanning from agriculture to financial services, and immigration reform to improved medical regulations. The government has legislated to deliver many of these benefits already.<\/p> On 22 June 2022, we published an interactive dashboard cataloguing over 2,400 pieces of retained EU law (REUL), spanning across 300 unique policy areas. The Brexit Freedoms Bill, announced in the Queen\u2019s Speech, will strengthen the Government\u2019s ability to amend, repeal and replace REUL and will support the Government\u2019s ambition to ensure that, now that we have left the EU, the UK can be the \u201cbest regulated economy in the world\u201d and move away from the EU\u2019s obsolete \u201cone size fits all\u201d regulatory model.<\/p> To ensure that the public knows how much EU-derived law there is on the UK statute book and how much progress the Government is making to reform it, we will be updating the catalogue of REUL on a quarterly basis.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4200", "label" : {"_value" : "Biography information for Lord True"}
}
, "answeringMemberPrinted" : {"_value" : "Lord True"}
, "dateOfAnswer" : {"_value" : "2022-08-01", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2022-08-01T11:57:18.11Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "53"}
, "answeringDeptShortName" : {"_value" : "Cabinet Office"}
, "answeringDeptSortName" : {"_value" : "Cabinet Office"}
, "date" : {"_value" : "2022-07-19", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Brexit"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty's Government whether they plan to publish quarterly lists of the identified benefits arising from the UK\u2019s departure from the EU.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/248", "label" : {"_value" : "Biography information for Lord Jones of Cheltenham"}
}
, "tablingMemberPrinted" : [{"_value" : "Lord Jones of Cheltenham"}
], "uin" : "HL1904"}
, {"_about" : "http://data.parliament.uk/resources/1489298", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1489298/answer", "answerText" : {"_value" : "It is for the Office for Budget Responsibility to provide and publish economic and fiscal forecasting. In its March Economic and Fiscal Outlook the OBR noted that higher inflation was mainly a result of increased global goods and energy prices and a tightening labour market. <\/p> It remains challenging to separate out the effects of different events. The Bank of England has also noted that the majority of the increase in inflation since the pandemic is likely due to global factors.<\/p>The government understands that people across the UK are worried about the rising cost of living. In May, we announced over £15 billion of additional cost of living support, targeted at those with the greatest need. Government support for the cost of living now totals over £37 billion this year, equivalent to 1.5% of GDP."}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4655", "label" : {"_value" : "Biography information for Sir Simon Clarke"}
}
, "answeringMemberConstituency" : {"_value" : "Middlesbrough South and East Cleveland"}
, "answeringMemberPrinted" : {"_value" : "Mr Simon Clarke"}
, "dateOfAnswer" : {"_value" : "2022-07-20", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2022-07-20T10:17:08.203Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2022-07-14", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Brexit"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Chancellor of the Exchequer, if he will make an assessment of the economic impact of leaving the European Union on (a) energy prices, (b) food prices, (c) footwear prices and (d) NHS funding.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4698", "label" : {"_value" : "Biography information for Janet Daby"}
}
, "tablingMemberConstituency" : {"_value" : "Lewisham East"}
, "tablingMemberPrinted" : [{"_value" : "Janet Daby"}
], "uin" : "36875"}
, {"_about" : "http://data.parliament.uk/resources/1421817", "AnsweringBody" : [{"_value" : "Cabinet Office"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1421817/answer", "answerText" : {"_value" : " This Government is driving forward an ambitious programme to seize the opportunities of leaving the EU, and deliver growth and innovation across the whole of the UK economy. On the 31st January, the Government published a policy document entitled \u2018The Benefits of Brexit: how the UK is taking advantage of leaving the EU<\/a>\u2019, which set out in detail how the Government is seizing the opportunities of leaving the EU, and how the Government will transform the UK into the best regulated in the world. From artificial intelligence and gene-editing, to autonomous vehicles and data, our reforms will give businesses the confidence to innovate, invest and create jobs. We have set a target to cut £1 billion of red tape to help businesses innovate and grow and have set out plans to bring forward the Brexit Freedoms Bill which will end the special status of EU law and ensure it can be more easily amended or removed.<\/p> <\/p> Furthermore, we now have an opportunity to develop and implement a new procurement regime which will enable us to create a simpler and significantly more transparent system that reduces costs for business and the public sector alike as well as supporting the levelling up agenda.<\/p> <\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4099", "label" : {"_value" : "Biography information for Sir Jacob Rees-Mogg"}
}
, "answeringMemberConstituency" : {"_value" : "North East Somerset"}
, "answeringMemberPrinted" : {"_value" : "Mr Jacob Rees-Mogg"}
, "dateOfAnswer" : {"_value" : "2022-02-23", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2022-02-23T18:01:13.757Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "53"}
, "answeringDeptShortName" : {"_value" : "Cabinet Office"}
, "answeringDeptSortName" : {"_value" : "Cabinet Office"}
, "date" : {"_value" : "2022-02-10", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Brexit"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Chancellor of the Duchy of Lancaster and Minister for the Cabinet Office, what opportunities from the UK's withdrawal from the EU the Minister for Brexit Opportunities has identified to date.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4368", "label" : {"_value" : "Biography information for Neil Coyle"}
}
, "tablingMemberConstituency" : {"_value" : "Bermondsey and Old Southwark"}
, "tablingMemberPrinted" : [{"_value" : "Neil Coyle"}
], "uin" : "122680"}
, {"_about" : "http://data.parliament.uk/resources/1365343", "AnsweringBody" : [{"_value" : "Cabinet Office"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1365343/answer", "answerText" : {"_value" : "55<\/del>bn in current prices and 2<\/ins>1<\/del>% above pre-COVID (2018) levels when adjusting for inflation. The lnternational Monetary Fund (lMF) predicts that between 2024-2029<\/ins>8<\/del> the UK will see the third fastest growth in the G7.<\/p>