North West: Industry

Treasury written question – answered on 3rd October 2019.

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Photo of Maria Eagle Maria Eagle Labour, Garston and Halewood

To ask the Chancellor of the Exchequer, what recent assessment he has made of the fiscal effect of the UK leaving the EU without a deal on the (a) automotive industry, (b) pharmaceutical industry and (c) food industry in the North West in the subsequent (i) three months and (ii) six months.

Photo of Maria Eagle Maria Eagle Labour, Garston and Halewood

To ask the Chancellor of the Exchequer, what recent fiscal steps his Department has taken to mitigate the effect of the UK leaving the EU without a deal on the (a) automotive industry, (b) pharmaceutical industry and (c) the food industry in the North West; and if he will make a statement.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

The Government has been stepping up preparations for this outcome. We have made more than £8 billion available to prepare for EU Exit since the referendum, including £2.1 billion specifically for No Deal planning.

The government is monitoring businesses and sectors which may be exposed to short-term difficulties as a result of EU Exit. We are considering how best to support businesses across the country in the run up to or immediately after EU Exit.

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