Lord Taylor of Warwick – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Lord Taylor of Warwick on 2016-03-03.

To ask Her Majesty’s Government whether they have made any assessment of the report from UBS predicting that, if the UK left the EU, sterling could hit parity with the euro.

Lord O’Neill of Gatley

Britain is stronger, safer and better off by remaining in a reformed European Union.

The Finance Ministers and Central Bank Governors of the G20 concluded that a British exit would cause an economic shock not just to the UK but to Europe and the world.

The Treasury will publish a comprehensive analysis of our membership of a reformed EU and the alternatives, including the long-term economic costs and benefits of EU membership and the risks associated with an exit before 23 June. The Government notes wider evidence on an ongoing basis.