Emma Reynolds – 2015 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Emma Reynolds on 2015-10-13.

To ask the Secretary of State for Business, Innovation and Skills, what estimate he has made of the benefits to the UK economy of (a) the absence of tariff barriers for intra-EU trade and (b) other aspects of the single market.

Anna Soubry

The EU provides the biggest single market in the world. EU countries trade twice as much with each other as they would without it. The absence of tariffs contributes to this. The single market also brings benefits for consumers. For example, between 2000 and 2006, the cost of making a 10-minute call in the EU fell by an average of 74%, and roaming charges will be abolished completely in 2017. As part of our agenda for EU reform, we want to go further and faster on economic competitiveness including liberalisation of the services sector, trade, and de-regulation.