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Written question asked by Lord Kennedy of Southwark (Labour) on Wednesday, 12 October 2016, in the House of Lords. It was due for an answer on Wednesday, 26 October 2016. It was answered by Lord Young of Cookham (Conservative) on Tuesday, 25 October 2016 on behalf of the Treasury.


Consumer Goods: Imports

Question

To ask Her Majesty’s Government what impact they expect the recent fall in the value of sterling to have on imported consumer goods.

Answer

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.


Secondary information

Type
Written question
Reference
HL2278
Session
2016-17
Subjects
Consumer goods Imports Prices Exchange rates
Contains statistics
Yes
Link
View this Written question on www.parliament.uk