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GDP measures the size of the economy. Find the latest GDP growth data for the UK and comparisons with other G7 economies.
GDP measures the size of the economy. Find the latest GDP growth data for the UK and comparisons with other G7 economies.
The level of output the economy produces for a given input is called productivity. Find the latest data on UK and international productivity.
The level of output the economy produces for a given input is called productivity. Find the latest data on UK and international productivity.
To ask the Chancellor of the Exchequer, what comparative assessment his Department has made of the proportion of official reserves held in gold by (a) the United Kingdom, (b) France, (c) Germany, (d) Italy, (e) Poland, (f) the United States and (g) other G7 countries.
To ask the Chancellor of the Exchequer, what comparative assessment his Department has made of the proportion of official reserves held in gold by (a) the United Kingdom, (b) France, (c) Germany, (d) Italy, (e) Poland, (f) the United States and (g) other G7 countries.
The government does not comment on market movements. Assets in the Exchange Equalisation Account (EEA) are held to meet the EEA’s core policy objectives as defined in the EEA Act 1979. All EEA investment decisions, including the currency and asset composition of the Account, are made using the following investment principles:
Investment Principle 1 (readiness) – The EEA must be ready to meet its policy objectives at all times, at an acceptable cost and high degree of certainty.
Investment Principle 2 (risk tolerance) – The EEA must not take on risk that compromises the ability to meet Principle 1 or that could unduly influence fiscal metrics.
Investment Principle 3 (return) – Subject to meeting Principles 1 and 2, the EEA should seek to optimise risk-adjusted return
Foreign exchange risk is one of the primary market risks faced by the EEA and so is considered by HMT and the Bank of England when making decisions assessing the EEA’s risk tolerance under Investment Principle 2. A portion of EEA assets are also hedged against foreign exchange and interest rate changes.
To manage credit risk, the Bank maintains a framework of issuer credit limits. A similar framework applies to counterparty risk.
The EEA has held 9.98 million ounces of gold on a permanent basis since March 2002 and it remains an important component of the diversified portfolio.
The Bank of England publishes a monthly statistical release setting out the EEA’s holdings split by broad asset class on the third working day at: UK International Reserves - August 2026. In addition, each quarter, one month in arrears, data on the currency breakdown of the UK’s reserves is published by the Bank of England at: Bank of England | Database.
Thank you, Mr Speaker—and happy Star Trek Day.
Last week, the Opposition chose to Klingon to the Truss legacy, and what a damaging legacy that was. How can we engage in warp speed, so that our economy continues to grow the fastest in the G7?
Thank you, Mr Speaker—and happy Star Trek Day.
Last week, the Opposition chose to Klingon to the Truss legacy, and what a damaging legacy that was. How can we engage in warp speed, so that our economy continues to grow the fastest in the G7?
Mr Spock, I think some would say, Mr Speaker! My hon. Friend is right. Despite global conflicts, trade tensions and rising threats in the world, which are pushing up inflation, bearing down on growth and pushing up borrowing costs, the UK economy is demonstrating huge resilience. He is right that in the first six months of this year, the UK economy grew the fastest in the G7. I set out yesterday some early steps to back stronger growth in more places: backing innovation with more investment in fast-growth firms across the north; changing the Government’s Green Book discount rate so that projects across the country with long-term potential will get a fairer hearing; and taking an axe to the thicket of administration that too often slows down decisions, holds back growth and prevents the private investment that we need.
By 2030, the government aims to meet Britain’s electricity demand with energy from clean sources. 66% of British electricity currently comes from clean sources.
By 2030, the government aims to meet Britain’s electricity demand with energy from clean sources. 66% of British electricity currently comes from clean sources.
How have sanctions against Russia changed since January 2025? Is US policy diverging from that of its allies?
How have sanctions against Russia changed since January 2025? Is US policy diverging from that of its allies?
Describes the effects of the conflict in Ukraine and the number of refugees leaving the country, alongside what aid the UK and others have pledged from 2022.
Describes the effects of the conflict in Ukraine and the number of refugees leaving the country, alongside what aid the UK and others have pledged from 2022.
To ask the Secretary of State for Energy Security and Net Zero, a) what the UK's current gas storage capacity is as a proportion of average winter demand and b) how that compares with the capacity of other G7 countries.
To ask the Secretary of State for Energy Security and Net Zero, a) what the UK's current gas storage capacity is as a proportion of average winter demand and b) how that compares with the capacity of other G7 countries.
The UK benefits from a secure, diverse energy system, drawing on a range of gas supplies. Gas storage provides additional flexibility at times of peak demand.
National Gas data indicates the UK has 1.7bcm of gas storage capacity, which is equivalent to around seven days of average winter demand.
The Department does not collect comparative G7 data.
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what discussions were held with President Trump at the G7 Summit on support for Ukraine.
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what discussions were held with President Trump at the G7 Summit on support for Ukraine.
I refer the Hon Member to the statement made by the Deputy Prime Minister on 22 June, and his answers to the questions raised in response.
Letter dated 01/07/2026 from Baroness Smith of Basildon to Lord Bellingham regarding issues raised in a debate following an oral statement repeat on the G7 Summit: information on long-range missiles being provided to Ukraine. 1p.
Letter dated 01/07/2026 from Baroness Smith of Basildon to Lord Bellingham regarding issues raised in a debate following an oral statement repeat on the G7 Summit: information on long-range missiles being provided to Ukraine. 1p.
This paper provides a timeline of the major events in the Ukraine-Russia conflict since the 2022 Russian invasion.
This paper provides a timeline of the major events in the Ukraine-Russia conflict since the 2022 Russian invasion.
My Lords, now that we have recognised the Palestinian Authority, what discussions have the Government had with it, following worries expressed by the United States and the EU about the continued practice of paying a stipend to people convicted of killing Jews: “pay for slay” money? We have been promised...
My Lords, now that we have recognised the Palestinian Authority, what discussions have the Government had with it, following worries expressed by the United States and the EU about the continued practice of paying a stipend to people convicted of killing Jews: “pay for slay” money? We have been promised...
Lords statement on the G7 Summit.
Lords statement on the G7 Summit.
My Lords, I thank the Lord Privy Seal for being here to answer questions on this Statement. In these uncertain times, I wish her well for continuation in office—and the Captain of the Gentlemen-at-Arms, who has run away but I hope will be back.
My Lords, I thank the Lord Privy Seal for being here to answer questions on this Statement. In these uncertain times, I wish her well for continuation in office—and the Captain of the Gentlemen-at-Arms, who has run away but I hope will be back.
Oh!
Oh!
The Statement was made by someone who did not attend the summit and in the absence of the Prime Minister—a decent man forced from office by self-interested colleagues who owed their place in Parliament to him. As someone else once said at that same podium in Downing Street, “them’s the...
The Statement was made by someone who did not attend the summit and in the absence of the Prime Minister—a decent man forced from office by self-interested colleagues who owed their place in Parliament to him. As someone else once said at that same podium in Downing Street, “them’s the...
My Lords, I thank the Lord Privy Seal for allowing this Statement to be repeated in your Lordships’ House. Self-evidently, I am standing in for the noble Lord, Lord Purvis, and it is a great—and unusual—pleasure to follow the noble Lord, Lord True. It is, in fact, somewhat appropriate that...
My Lords, I thank the Lord Privy Seal for allowing this Statement to be repeated in your Lordships’ House. Self-evidently, I am standing in for the noble Lord, Lord Purvis, and it is a great—and unusual—pleasure to follow the noble Lord, Lord True. It is, in fact, somewhat appropriate that...
My Lords, I looked with some wry amusement at my notes, which start: “Can I thank the Leader of the Opposition for the generous and constructive suggestions?” Perhaps I should not always believe the notes I am given. I want to start—which I am sorry the noble Lord did not...
My Lords, I looked with some wry amusement at my notes, which start: “Can I thank the Leader of the Opposition for the generous and constructive suggestions?” Perhaps I should not always believe the notes I am given. I want to start—which I am sorry the noble Lord did not...
My Lords, this morning, a Russian ballistic missile struck a civilian target in President Zelensky’s hometown of Kryvyi Rih, killing three people and wounding many others. It was a quite appalling incident, at 11 am Ukrainian time. In the G7 communiqué, there was a statement committing to an increased delivery...
My Lords, this morning, a Russian ballistic missile struck a civilian target in President Zelensky’s hometown of Kryvyi Rih, killing three people and wounding many others. It was a quite appalling incident, at 11 am Ukrainian time. In the G7 communiqué, there was a statement committing to an increased delivery...
I am not sure that I can give the noble Lord further information beyond what I have already said—I will look at whether there is any more information I can send to him that can be in the public domain—but I think that shows our commitment to doing all that...
I am not sure that I can give the noble Lord further information beyond what I have already said—I will look at whether there is any more information I can send to him that can be in the public domain—but I think that shows our commitment to doing all that...