Treasury written question – answered at on 25 July 2018.
Faisal Rashid
Labour, Warrington South
To ask Mr Chancellor of the exchequer, with reference to paragraph 33 of the Fiscal sustainability report – July 2018, published by the Office of Budget Responsibility on 17 July 2018, what assessment he has made of the implications for his Department's policies that Brexit is more likely to weaken the public finances than strengthen them over the medium term.
Elizabeth Truss
The Chief Secretary to the Treasury
As set out in its white paper published on 12 July 2018, the government is seeking a deep and comprehensive economic partnership with the EU, broader in scope than any other that exists between the EU and a third country. This partnership will protect jobs and support growth while respecting the UK’s sovereignty, preserving the constitutional and economic integrity of the UK’s own Union, and respecting the EU’s autonomy and the integrity of the Single Market.
Yes1 person thinks so
No0 people think not
Would you like to ask a question like this yourself? Use our Freedom of Information site.
The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
A document issued by the Government laying out its policy, or proposed policy, on a topic of current concern.Although a white paper may occasion consultation as to the details of new legislation, it does signify a clear intention on the part of a government to pass new law. This is a contrast with green papers, which are issued less frequently, are more open-ended and may merely propose a strategy to be implemented in the details of other legislation.
More from wikipedia here: http://en.wikipedia.org/wiki/White_paper
