Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will make an assessment of the potential impact of the proposed exemption of Indian (a) based employers and (b) multi-national corporations with offices in the UK from paying National Insurance contributions on (i) costs to the public purse and (ii) those businesses in each of the next three years.

The OBR will certify the impact of the trade deal including the Double Contributions Convention in the usual way at a fiscal event, once the deal is finalised and ratified. The agreement to negotiate a Double Contributions Convention was made in the context of the wider deal, which will bring billions into the economy.