Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what assessment his Department has made of the effect of China's economic slowdown on the UK economy.

The Treasury continuously monitors global economic developments, including those in China, and their impact on the UK as part of the normal process of policy development.

As one of the most open trading economies in the world with a large financial sector, we have to recognise that the UK is not immune to the continued problems being experienced in the world economy.

We should not let this put us off. As the Chancellor recently said, while leading the UK’s Economic and Financial Dialogue with China this week, both countries: “have a shared commitment to laying the foundations for stronger, more productive economies that can weather periods of uncertainty. At the same time, we need to continue to pursue the longer-term reform challenges that both our governments are pursuing.”