Written Question·Treasury·UIN 122429

Trade Competitiveness

Tabled: 19 March 2026
Answered: 26 March 2026

Question

Callum Anderson

LabourBuckingham and Bletchley

To ask the Chancellor of the Exchequer, what analysis HM Treasury has undertaken on the potential effect of UK–EU alignment measures on levels of UK competitiveness.

Answer

Lucy Rigby
Integrated markets tend to be more competitive. Businesses typically respond by becoming more innovative and efficient, workers gain from higher productivity, allowing wages to rise, and consumers gain from lower prices. Leaving the EU increased costs for...

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