UK Relations with EU

(asked on 8th September 2025) - View Source

Question to the Cabinet Office:

To ask His Majesty's Government, following the news story about the UK–EU reset agreement published on 19 May, how they calculated that the agreement would add nearly £9 billion to the UK economy by 2040, who did the calculation, and whether they will place a copy of the calculation and any related modelling in the Library of the House.


Answered by
Baroness Anderson of Stoke-on-Trent Portrait
Baroness Anderson of Stoke-on-Trent
Baroness in Waiting (HM Household) (Whip)
This question was answered on 22nd September 2025

Combined, the SPS (£5.1 billion) and Emissions Trading Systems linking (£3.8 billion) measures alone are set to add nearly £9 billion a year to the UK economy by 2040, in a significant boost for growth. These are government estimates, and methodology notes published following the Summit will be deposited to the Library of the House in due course.

Reticulating Splines