Written question asked by Philip Davies (Conservative) on Tuesday, 12 September 2017, in the House of Commons. It was due for an answer on Thursday, 14 September 2017. It was answered by Steve Barclay (Conservative) on Wednesday, 20 September 2017 on behalf of the Treasury.
Balance of Payments
- Question
-
To ask Mr Chancellor of the Exchequer, what steps he is taking to reduce the balance of payments deficit; and if he will make a statement.
- Answer
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The current account deficit has widened due to a worsening in investment income, as returns on investments in the UK have been higher than the income earned by the UK on investment abroad. As the world economy recovers the current account deficit should narrow, in line with the Office for Budget Responsibility’s forecast of -2.0% of GDP in 2021. The Government is supporting exports through UK Export Finance which has provided £14bn in support for UK exporters in the last five years and the Department for International Trade helping over 2,800 businesses who are new to exporting.
Secondary information
- Type
- Written question
- Reference
- 10042
- Session
- 2017-19
- Transferred
- Yes
- Subjects
- Balance of payments
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2017-09-20 14:38:58 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2017-19/10042
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2017-19/10042
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2017-19/10042