Manufacturing Industries

(asked on 24th April 2019) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the Answer of 24 April 2019 to Question 244078 on Manufacturing Industries, whether any financial support is available to manufacturers affected by the change in the date of the UK's withdrawal from the EU.


Answered by
Robert Jenrick Portrait
Robert Jenrick
This question was answered on 29th April 2019

The Prime Minister has agreed to an extension to Article 50 until 31 October 2019 at the latest. This eliminates the risk of a near-term economic disruption as a result of leaving the EU without a deal before that date.

However, a responsible government must plan for every eventuality, including a no deal scenario, that’s why we’ve allocated £4bn for Brexit preparations.

Meanwhile, as part of modern industrial strategy, we are taking action to ensure that the UK remains one of the most competitive locations in the world for manufacturing investment.

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