To ask His Majesty's Government, following the news story about the UK–EU reset agreement published on 19 May, how they calculated that the agreement would add nearly £9 billion to the UK economy by 2040, who did the calculation, and whether they will place a copy of the calculation and any related modelling in the Library of the House.
Combined, the SPS (£5.1 billion) and Emissions Trading Systems linking (£3.8 billion) measures alone are set to add nearly £9 billion a year to the UK economy by 2040, in a significant boost for growth. These are government estimates, and methodology notes published following the Summit will be deposited to the Library of the House in due course.
Answered on 22 Sep 2025