Question to the Department for International Trade:

To ask Her Majesty's Government what assessment they have made of the projected impact of the UK–New Zealand Free Trade Agreement on the UK economy.

Our published impact assessment shows that the UK-New Zealand Free Trade Agreement (FTA) could increase UK gross domestic product (GDP) 0.03% or the equivalent of £0.8 billion by 2035. The impact assessment also shows that bilateral trade could increase by almost 60% and that take home pay for UK workers could increase by around £200 million in the long run, when compared to 2019 estimates of wages without the agreement.

The full impact assessment, which also includes impacts on sectors, regions, the environment and more, is available here:

https://www.gov.uk/government/publications/uk-new-zealand-fta-impact-assessment