Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what recent fiscal steps his Department has taken to mitigate the effect of the UK leaving the EU without a deal on the (a) automotive industry, (b) pharmaceutical industry and (c) the food industry in the North West; and if he will make a statement.
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.