Question

To ask the Secretary of State for Business, Innovation and Skills, what assessment the Government has made of the potential economic and employment effects of the proposed Transatlantic Trade and Investment Partnership in each of the constituent parts of the UK.

An independent assessment of the potential economic impact of the Transatlantic Trade and Investment Partnership (TTIP) on the UK as a whole was carried out for the Government by the Centre for Economic Policy Research (CEPR). This assessment demonstrated that TTIP offers an enormous economic benefit: in growth, exports and high quality jobs, worth up to £10 billion a year.

We are currently considering undertaking further research into effects of TTIP in each of the UK regions.