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Written question asked by Lord Frost (Conservative) on Monday, 8 September 2025, in the House of Lords. It was due for an answer on Monday, 22 September 2025. It was answered by Baroness Anderson of Stoke-on-Trent (Labour) on Monday, 22 September 2025 on behalf of the Cabinet Office.


UK Relations with EU

Question

To ask His Majesty's Government, following the news story about the UK–EU reset agreement published on 19 May, how they calculated that the agreement would add nearly £9 billion to the UK economy by 2040, who did the calculation, and whether they will place a copy of the calculation and any related modelling in the Library of the House.

Answer

Combined, the SPS (£5.1 billion) and Emissions Trading Systems linking (£3.8 billion) measures alone are set to add nearly £9 billion a year to the UK economy by 2040, in a significant boost for growth. These are government estimates, and methodology notes published following the Summit will be deposited to the Library of the House in due course.


Secondary information

Type
Written question
Reference
HL10291
Session
2024-26
Related items
Deposited Paper DEP2025-0789
Monday, 22 September 2025
Deposited papers
House of Lords
Subjects
Economic situation UK relations with EU
Contains statistics
Yes
Link
View this Written question on www.parliament.uk