Sterling - Question

Part of the debate – in the House of Lords at 2:38 pm on 3 September 2019.

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Photo of The Earl of Courtown The Earl of Courtown Captain of the Queen's Bodyguard of the Yeomen of the Guard (HM Household) (Deputy Chief Whip, House of Lords) 2:38, 3 September 2019

My Lords, the noble Lord will be perfectly well aware that our economy has changed over the years. As I said earlier, the manufacturing sector has seen productivity increase by over three times faster than the UK economy as a whole over the past 10 years. As noble Lords will be aware, what is becoming more and more important is the service economy, our advances in the digital age and the technology that we are producing. That is what is really important and it is how the economy will grow further.