To ask His Majesty's Government what assessment they have made of the impact of the recent increase in German exports to the UK on (1) businesses, and (2) consumers.
Answered on
13 August 2024
Total UK imports from Germany amounted to £89 billion in the 12 months to March 2024, a 6% increase in current prices (compared to the previous 12 months). The largest increase was for machinery and transport equipment up £5bn (13%), in particular cars up £4bn (22%) and aircraft up £1bn (153%).
This Government is committed to resetting our relationship with our European partners. The Secretary of State for Business and Trade has already met his German counterpart, Vice Chancellor Habeck, and discussed how we can grow trade further with Germany to support sustainable growth for our businesses, workers and consumers.