Andrew Rosindell – 2015 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Andrew Rosindell on 2015-11-18.

To ask Mr Chancellor of the Exchequer, what estimate he has made of the effect on the UK economy of the 0.3 per cent reduction in eurozone economic growth in quarter 3 2015.

Harriett Baldwin

Euro area GDP grew by 0.3% (quarter-on-quarter) in the third quarter of 2015. The UK is one of the most open economies in the world, with significant trade and financial links with other countries. UK export performance is highly dependent on the economic performance of the euro area, the UK’s largest trading partner. The global economic recovery remains uneven and the risks from the world economy, not least from within the euro area, demonstrate the need to continue to fix the economy to ensure the UK can deal with risks from abroad.