Industry

(asked on 22nd July 2019) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential effect of the UK leaving the EU without a deal on 31 October 2019 on (a) the Industrial Strategy and (b) sector deals.


Answered by
Nadhim Zahawi Portrait
Nadhim Zahawi
This question was answered on 1st August 2019

The Government continues to work towards a deal with the EU. This is very much in the interest of the EU as well as the UK.

The Industrial Strategy has set out a long-term approach to ensure that we’re building an economy fit for the future and will help us make the best of our relations with Europe and beyond. This includes a range of measures aimed at increasing investment from the private and public sector, from cutting business taxes, slashing red tape to investing in new scientific infrastructure on a record scale.

The interventions and policies across the Industrial Strategy – including Sector Deals - are robust and aim to deliver improvements to the UK’s productivity and earning power across a variety of potential scenarios, including a no deal scenario.

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