Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential effect of the result of the EU referendum on inward investment to the (a) North and (b) North East of England.

Before the referendum on the UK’s membership of the EU, the UK government published short-term and long-term assessments of the likely impact on all regions of the UK economy from leaving the EU. HM Government is monitoring economic developments closely and the independent Office for Budget Responsibility will produce an updated economic forecast alongside Autumn Statement 2016.