Question to the HM Treasury:

To ask Her Majesty's Government what assessment they have made of the impact of the COVID-19 pandemic on the UK's balance of payments.

Official balance of payments statistics relating to the period of COVID-19 disruption in the UK are not yet available. The Office for National Statistics will publish trade statistics for March 2020 in May, and will publish balance of payments statistics for the first quarter of 2020 towards the end of June.

The Government has announced unprecedented support for public services, business and workers to protect against the current economic emergency. Our economic response is one of the most generous and comprehensive globally and the government is now working urgently to deliver these schemes as quickly as possible.

The Government is monitoring the impact measures are having with regard to supporting public services, businesses, and individuals, and keeps all policies under review.