Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, if he will undertake an assessment of the potential effect on the UK economy of a reduction of (a) 0.1, (b) 0.2, (c) 0.3, (d) 0.4, (e) 0.5, (f) one, (g) two, (h) three, (i) four and (j) five per cent in the (i) GDP of each EU member state, (ii) average GDP across the Eurozone and (iii) average GDP across the EU.

HM Treasury has not produced estimates of the impact of the economic performance of the euro area or other EU Member States on the UK economy. The Treasury continuously monitors global economic developments as part of the normal process of domestic policy development.