Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect on the UK economy of the recent fall in the value of sterling against the US dollar.

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 the UK economy from leaving the EU, including the effects of sterling revaluation. HM Government is monitoring economic developments closely and the independent Office for Budget Responsibility will produce an updated economic forecast alongside Autumn Statement 2016.