Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what recent assessment he has made of the fiscal effect of the UK leaving the EU without a deal on the (a) automotive industry, (b) pharmaceutical industry and (c) food industry in the North West in the subsequent (i) three months and (ii) six months.
The Government has been stepping up preparations for this outcome. We have made more than £8 billion available to prepare for EU Exit since the referendum, including £2.1 billion specifically for No Deal planning.
The government is monitoring businesses and sectors which may be exposed to short-term difficulties as a result of EU Exit. We are considering how best to support businesses across the country in the run up to or immediately after EU Exit.