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 Industrial Strategy on the fiscal position of the UK.

Since publication, over £250 billion of investment commitments have been made into the IS-8, boosting our frontier industries. These commitments will enhance their rate of growth and in turn bring in higher tax revenues.

Fiscal policy is a matter for the Treasury, and the Chancellor has commissioned the Office for Budget Responsibility to produce an economic and fiscal forecast to be published alongside the Budget on 26 November.