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Written question asked by Lord Empey (Ulster Unionist Party) on Thursday, 19 December 2024, in the House of Lords. It was due for an answer on Tuesday, 7 January 2025. It was answered by Lord Livermore (Labour) on Tuesday, 7 January 2025 on behalf of the Treasury.


Balance of Trade

Question

To ask His Majesty's Government what plans they have to promote import substitution to assist with the balance of payment deficit.

Answer

The UK has an open and trade intensive economy.

The government is delivering its growth mission by prioritising stability, investment and reform to drive prosperity across the UK.


Secondary information

Type
Written question
Reference
HL3650
Session
2024-26
Subjects
Balance of trade
Link
View this Written question on www.parliament.uk