Economic Growth: EU Countries
The question
To ask the Minister for the Cabinet Office, what recent assessment his Department has made of the potential impact of regulatory alignment measures with the European Union on economic growth.
Answered by Nick Thomas-Symonds
We have made a choice to align in some areas where it makes sense to do so in our national interest. For example, to unlock the SPS and carbon pricing agreements, which will add up to £9 billion a year to the UK economy by 2040. Where we agree to dynamically align, we will have decision-shaping rights, as well technical adaptations and phasing in to make this deal work for the UK. The details of these are subject to negotiation.
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