Dec. 15 2023
Source Page: Discussion/analysis of the LSE report on trade, Brexit and Scottish independence: FOI releaseFound: Discussion/analysis of the LSE report on trade, Brexit and Scottish independence: FOI release
Nov. 13 2023
Source Page: Brexit withdrawal agreement and trade mark or design registrationsFound: Brexit withdrawal agreement and trade mark or design registrations
Oral Evidence Apr. 23 2024
Inquiry: Export-led growthFound: Resolution Foundation, and Centre for Brexit Policy Oral Evidence
Asked by: Lord Taylor of Warwick (Non-affiliated - Life peer)
Question to the HM Treasury:
To ask His Majesty's Government, further to the report by Cambridge Econometrics London's Economy After Brexit: Impacts and Implications, published on 11 January, which estimated that economic growth was "2–3 per cent lower in 2023 than had Brexit not occurred ... and is expected to gradually increase to 5–6 per cent by 2035", what steps they are taking to support the resilience and growth of industries affected by any economic challenges that have arisen as a result of the UK's departure from the EU.
Answered by Baroness Vere of Norbiton - Parliamentary Secretary (HM Treasury)
The UK-EU Trade and Cooperation Agreement (TCA), which came into force at the beginning of 2021, is the world’s biggest zero-tariff, zero-quota trade deal. It is the first time the EU has ever agreed such access in a Free Trade Agreement.
The Government has implemented a number of measures to support businesses trading with the EU, and with the rest of the world. This includes through an ambitious programme of Free Trade Agreement (FTA) negotiations, further support to SMEs and the intermediary sector, and direct financial support to businesses.
More broadly, this government remains focussed on the biggest opportunities to drive growth and productivity. At Autumn Statement, the government built on its comprehensive £7 billion employment package from Spring Budget 2023 by announcing a new £2.5 billion Back to Work Plan. This means that the combined impacts of the Spring and Autumn policy measures will increase the number of people in employment by around 200,000 by the end of the forecast, permanently increasing the size of the economy. In addition, the government announced an ambitious package which could boost business investment by around £20 billion per year in a decade's time. This includes making full expensing permanent - a tax cut to companies of over £10bn a year; providing £4.5bn of funding for the UK’s strategic manufacturing sectors; and reforming our inefficient planning system.
Asked by: Baroness Quin (Labour - Life peer)
Question to the HM Treasury:
To ask His Majesty's Government what plans they have, if any, to undertake a study of the impacts to date of Brexit on the London Stock Exchange.
Answered by Baroness Vere of Norbiton - Parliamentary Secretary (HM Treasury)
The government does not intend to review the impacts of Brexit on the London Stock Exchange.
The UK is Europe’s leading hub for investment, and London continues to be the only European hub in the top ten of the Global Financial Centres Index. The government is committed to building on these strong foundations to make the UK the global capital for capital.
Leaving the EU provides the freedom for the UK to tailor financial services regulation to UK markets, including through the government’s Smarter Regulatory Framework programme. Under the programme, assimilated law is being replaced by a regulatory framework tailored to the UK that will benefit businesses and consumers alike.
The government is taking forward an ambitious programme of reform to improve the competitiveness of UK markets. This includes overhauling the UK’s Prospectus Regime to create a simpler and more effective regime than its EU predecessor, delivering on a key recommendation of Lord Hill’s Listing Review. Legislation to deliver this reform was laid on 27 November 2023.
Apr. 04 2024
Source Page: Letter dated 26/03/2024 from Baroness Vere of Norbiton to Baroness Kramer regarding a question on card interchange fees post-Brexit, raised during a question on electronic payment devices. 2p.Found: from Baroness Vere of Norbiton to Baroness Kramer regarding a question on card interchange fees post-Brexit
Nov. 23 2023
Source Page: Changes to data protection laws to unlock post-Brexit opportunityFound: Changes to data protection laws to unlock post-Brexit opportunity
Correspondence
Inquiry: Northern Ireland Protocol Bill Legislative Consent MemorandumFound: Impact of Brexit on Devolution Letter from the Convener to the Secretary of State for Housing, Levelling
Dec. 14 2023
Source Page: Post Brexit freedoms to deliver more support for UK sustainable fishingFound: Post Brexit freedoms to deliver more support for UK sustainable fishing
Correspondence Apr. 23 2024
Committee: Constitution, Europe, External Affairs and Culture CommitteeFound: Scottish Parliament Scottish Government Officials joint working group on post Brexit scrutiny issues