Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, whether her Department has made a recent assessment of the impact of the EU-UK Trade and Cooperation Agreement on the services sector.

The services sector is the main driver of the UK economy - contributing around 80% of UK GDP every year and employing around 80% of the workforce. GDP for the services sector has grown around 5% in real terms (inflation adjusted) since 2018.

The UK is the second largest exporter of services in the world (behind the United States) and exports from the UK services sector are at a record high - reaching £463 billion in the latest ONS figures - 13% higher than 2018 levels (inflation adjusted).