Asked by: Lord Herbert of South Downs (Conservative - Life peer)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, with reference to his Department's analysis: the long-term economic impact of EU membership and the alternatives, what estimate he has made of the long-term reduction of trade from leaving the EU in each UK region.
Answered by David Gauke
In April 2016 HM Treasury published analysis that showed that reduced access to the Single Market under each of the alternatives set out would have a negative impact on trade.
The analysis does not make any estimate of the impact on the long-term trade position in each UK region. HM Revenue and Customs Regional Trade Statistics on the value of trade in goods in each region are publically available through the UK Trade Info website. The value and percentage share of goods exports to the EU from each region are shown in the table below.
Region | Value of goods exports to the EU in 2015 (billions) | Value of goods exports to the EU as a share of total goods exports in 2015 |
North East | £7.0 | 58% |
North West | £11.6 | 47% |
Yorkshire & the Humber | £7.8 | 47% |
West Midlands | £12.0 | 42% |
East Midlands | £8.7 | 45% |
East of England | £11.4 | 54% |
London | £12.7 | 39% |
South East | £19.0 | 47% |
South West | £9.7 | 64% |
Wales | £5.0 | 41% |
Scotland | £6.7 | 38% |
Northern Ireland | £3.5 | 55% |
Asked by: Lord Herbert of South Downs (Conservative - Life peer)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential effect on the legal status of the UK's existing trade agreements agreed through membership of the EU of the UK leaving the EU.
Answered by David Gauke
All of the EU’s Free Trade Agreements would cease to apply to the UK if we left the EU, since they only apply to the territories to which the EU Treaties apply.
Asked by: Lord Herbert of South Downs (Conservative - Life peer)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what estimate he has made of the level of goods exports to the EU from (a) Scotland, (b) Wales, (c) Northern Ireland and (d) each English region as a proportion of (i) total exports and (ii) GVA from each of those areas.
Answered by David Gauke
HM Revenue & Customs (HMRC) publish data on the total value of the UK’s import and export trade in goods by region:
https://www.uktradeinfo.com/Statistics/RTS/Pages/default.aspx
The latest data for 2015 shows that the value of goods exports to the EU as a proportion of total goods exports is as follows:
Region | Goods exports to the EU (£000s) | Total goods exports (£000s) | % |
North East | 7,001,603 | 12,141,343 | 57.7 |
North West | 11,578,566 | 24,838,093 | 46.6 |
Yorkshire | 7,785,133 | 16,575,590 | 47.0 |
East Midlands | 8,684,722 | 19,318,347 | 45.0 |
West Midlands | 12,035,888 | 28,964,501 | 41.6 |
East of England | 11,411,149 | 21,327,266 | 53.5 |
London | 12,727,129 | 32,428,175 | 39.2 |
South East | 19,003,485 | 40,521,161 | 46.9 |
South West | 9,718,023 | 15,272,223 | 63.6 |
Wales | 5,024,163 | 12,200,136 | 41.2 |
Scotland | 6,719,840 | 17,467,865 | 38.5 |
Northern Ireland | 3,462,494 | 6,327,320 | 54.7 |
The ONS publish regional GVA on an annual basis. The latest data available is for 2014: http://www.ons.gov.uk/economy/grossvalueaddedgva/bulletins/regionalgrossvalueaddedincomeapproach/december2015
The value of goods exports to the EU in 2014 as a proportion of GVA is as follows:
Region | Goods exports to the EU (£m) | Gross Value Added (£m) | % |
North East | 6,989 | 47,702 | 14.7 |
North West | 13,474 | 149,869 | 9.0 |
Yorkshire | 8,456 | 106,467 | 7.9 |
East Midlands | 8,883 | 95,178 | 9.3 |
West Midlands | 11,529 | 114,755 | 10.0 |
East of England | 13,958 | 138,801 | 10.1 |
London | 12,292 | 364,310 | 3.4 |
South East | 19,899 | 239,698 | 8.3 |
South West | 8,180 | 121,070 | 6.8 |
Wales | 5,761 | 54,336 | 10.6 |
Scotland | 8,364 | 123,543 | 6.8 |
Northern Ireland | 3,630 | 34,384 | 10.6 |