Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what assessment he has made of the consequences of the referendum result on (a) the British economy and (b) investment spending in the UK in 2016-17.

While it is clear that we do now face a significant economic challenge as a result of the referendum decision, the UK economy is well placed to respond. HM Government is monitoring ongoing developments in the economy and the independent Office for Budget Responsibility will produce an updated economic forecast alongside the Autumn Statement 2016.