Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of the US Inflation Reduction Act on UK businesses.

We have engaged with UK businesses across a range of sectors to understand their concerns about the potential impact of the US Inflation Reduction Act on UK industry. We have also engaged with the US on UK industry views across multiple channels on this issue, including in 2022 in response to the US Treasury consultation on the implementation of the Inflation Reduction Act, and remain committed to defending the interests of UK businesses.