IMF Economic Outlook - Commons Urgent Question

Part of the debate – in the House of Lords at 4:10 pm on 31st January 2023.

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Photo of Baroness Penn Baroness Penn The Parliamentary Secretary, HM Treasury 4:10 pm, 31st January 2023

I completely agree with my noble friend on the importance of the financial services Bill to unleashing further growth in our economy. It is also a really important example of how we will take the opportunity of the freedoms of Brexit to design regulation in a way that works best for the United Kingdom. Growth forecasts are inherently uncertain, but they still play a valuable role for government, economists, industry and others. Their uncertainty is a fact of life, but we should still look carefully at what they say.