Tag: Lord Inglewood

The below Parliamentary question was asked by Lord Inglewood on 2016-05-24.

To ask Her Majesty’s Government what calculation they have made of the effect of leaving the EU single market on total UK tax revenue.

Lord O’Neill of Gatley

The Treasury has published rigorous and objective analysis on the long-term economic impact of EU membership and the alternatives in April 2016, and on the immediate economic impact of leaving the EU in May 2016.

From the short-run analysis, in 2017-18 the deterioration in receipts is £17.9 billion in the ‘shock scenario’ and is larger at £31.9 billion in the ‘severe shock scenario’.

The long-term economic analysis assesses the continued membership of the EU against three different alternatives. The analysis shows that after 15 years, even with savings from reduced contributions to the EU, receipts would be £20 billion a year lower in the central estimate of the European Economic Area alternative, £36 billion a year lower for the negotiated bilateral agreement alternative and £45 billion a year lower for the World Trade Organization alternative. These figures are expressed in terms of 2015 GDP in 2015 prices.

The below Parliamentary question was asked by Lord Inglewood on 2016-07-19.

To ask Her Majesty’s Government what assessment they have made of whether holding a second referendum is an essential constitutional precondition to invoking Article 50 of the Lisbon Treaty.

Lord Bridges of Headley

Article 50 explicitly recognises that a Member State may decide to withdraw “in accordance with its own constitutional requirements”. It is for the Member State concerned to determine what those constitutional requirements are. The Government does not consider that a second referendum is necessary, or required to invoke Article 50.

The below Parliamentary question was asked by Lord Inglewood on 2016-07-19.

To ask Her Majesty’s Government, further to the Written Answer by Lord O’Neill of Gatley on 8 June (HL258), whether that estimate of the effect of leaving the EU single market on total UK tax revenue still applies, and if not, whether they will provide updated figures.

Lord O’Neill of Gatley

The previous Written Answer in question (HL258), cited the estimated impacts of leaving the EU upon UK tax revenues as laid out in the Treasury’s analysis on both the long-term and immediate economic impact of EU membership and alternatives, published in April and May respectively.

There have been no new estimates made for the impact on tax revenue since the EU referendum. The independent Office for Budget Responsibility (OBR) will produce an updated forecast for receipts revenues (Public Sector Current Receipts) at the Autumn Statement later this year.

The below Parliamentary question was asked by Lord Inglewood on 2016-07-18.

To ask Her Majesty’s Government what assessment they have made of whether Brexit will increase, decrease, or have no material impact on, the need for more housing in England.

Lord Bourne of Aberystwyth

It is too early to say. Whatever the impact, this government remains committed to increasing the supply of homes for the 86 percent of people who aspire to own their own home. The Spending Review doubled the housing budget and set out the most ambitious affordable housing programme since the 1970s, which will help us to achieve our ambition of delivering one million homes.

The below Parliamentary question was asked by Lord Inglewood on 2016-10-10.

To ask Her Majesty’s Government whether they have any plans to preserve UK citizens’ legal right to live in and travel freely across Europe following Brexit.

Lord Bridges of Headley

The Prime Minister has been clear that she wants to protect the status of UK nationals already living in mainland Europe, and that of EU nationals already living here. The only circumstances in which that would not be possible is if British citizens’ rights in other EU member states were not protected in return. UK nationals that have lived lawfully and continuously for a period of 5 years in a given EU Member State will automatically have a permanent right to reside there.

The reciprocal rights and entitlements that will apply following the UK’s exit are subject to the wider negotiation on our future relationship with the EU. We have not yet begun these negotiations, so it is not possible to set out any positions in advance. However, at every step of this negotiation we will seek to ensure the best possible outcome for the British people, at home and overseas.