Treasury written question – answered on 12th February 2019.

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Photo of Lord Taylor of Warwick Lord Taylor of Warwick Non-affiliated

To ask Her Majesty's Government what steps they are taking to reassure investors following warnings of challenging market conditions due to Brexit uncertainty.

Photo of Lord Bates Lord Bates The Minister of State, Department for International Development

The Government has been clear that the best way to ensure certainty for all in the UK, including investors, is to leave the EU with a deal. The Government’s analysis illustrated that the spectrum of outcomes for the future UK-EU relationship in the Political Declaration would deliver significantly higher economic output than the no deal scenario.

This is why the Prime Minister is now seeking legally binding changes to the Withdrawal Agreement that deal with MP’s concerns. While the Government is taking responsible steps to prepare for all scenarios, including ‘no deal’, we are confident we can secure a majority in Parliament for leaving the EU with a deal.

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