Treasury Committee press notice no. 30

Session 2005-06, 29 March 2006


The Treasury Committee has decided to undertake an inquiry into Globalisation: its impact on the real economy. The inquiry will focus on considering the extent to which the Government is adopting the most appropriate policies to enable the UK to thrive in more intensely competitive global markets. The Committee will examine Government labour market and migration policy, its policies in respect of business, and appropriate energy and environmental policy in the context of globalisation. In particular, the Committee will consider the following issues:

The globalisation phenomenon
1. The nature of globalisation and its overall impact on the UK economy

The Government's domestic policy response to globalisation
The relevance of globalisation to the Government's policies on:
2. Businesses
3. Households
4. Resources

The Committee does not expect to consider directly:
€ the outcome of World Trade Organisation or bilateral trade negotiations;
€issues relating to 'fair trade' with developing nations;
€the effectiveness of UK trade bodies overseas; or
€matters relating to the European Union budget or the governance of the EU.

The Committee will also not examine directly the impact of globalisation on capital markets and financial imbalances. The Committee expects to address these matters in future, as part of likely future work on financial stability.

As part of its inquiry, the Committee intends to visit India and the United Arab Emirates.

Request for evidence

The Committee wishes to receive written evidence by Friday 19 May 2006 focusing on any or all of the four areas identified above. The Committee would find it helpful if comments in submissions could also be organised under the headings used in this press notice where possible. The following list of issues within each of these areas is intended to assist those preparing evidence, but is not intended to be comprehensive.

Particular issues to be addressed in the course of the inquiry

The globalisation phenomenon

1. The nature of globalisation and its overall impact on the UK economy

€ The meaning of globalisation;

€ the extent to which the recent phase of globalisation is a new phenomenon for the world economy;

€ the roles of India and China in the globalisation process;

€ the impact of globalisation on UK and global macroeconomic stability; and

€ the opportunities and challenges which globalisation presents for the UK.

The Government's domestic policy response to globalisation

2. Businesses

The relevance of globalisation to the Government's policies on:

€ business investment;

€ promoting innovation;

€ research and development;

€ the revised Lisbon Agenda for Europe;

€ outsourcing by UK businesses;

€ design and level of business taxation; and

€ reducing the burden of business regulation.

3. Households

The relevance of globalisation to the Government's policies on:

€ labour market and employment;

€ migration;

€ training and the acquisition of skills; and

€ the provision of support for those disadvantaged by globalisation.

4. Resources

The relevance of globalisation to the Government's policies on:

€ the supply and pricing of energy;

€ the supply and pricing of natural resources and commodities; and

€ the environment.


1. Committee membership is: Rt Hon John McFall (Chairman) (Lab), Lorely Burt (Lib Dem), Mr Jim Cousins (Lab), Angela Eagle (Lab), Mr Michael Fallon (Chairman, Sub-Committee) (Con), Mr David Gauke (Con), Ms Sally Keeble (Lab), Susan Kramer (Lib Dem), Mr Andrew Love (Lab), Kerry McCarthy (Lab), Mr George Mudie (Lab), Mr Brooks Newmark (Con), Mr Mark Todd (Lab), Peter Viggers (Con).

2. Notes for submitters: Written evidence should be in Word or rich text format and sent by e-mail to [email protected] The body of the e-mail must include a contact name, telephone number and postal address. The e-mail should also make clear who the submission is from. The deadline is 3.00 pm on Friday 19 May 2006. Submissions should be in the format of a self-contained memorandum and should not exceed 3,000 words in length. Paragraphs should be numbered for ease of reference, and the document must include an executive summary, ideally no more than one page long. Committees make public much of the evidence they receive during inquiries. If you do not wish your submission to be published, you must clearly say so. If you wish to include private or confidential information in your submission to the Committee, please contact the Clerk of the Committee to discuss this. Please bear in mind that Committees are not able to investigate individual cases. Personal information, such as address and contact details, should be provided separately from the body of your submission. You should be aware that there may be circumstances in which the House of Commons will be required to communicate information to third parties on request, in order to comply with its obligations under the Freedom of Information Act 2000. Submissions should be original work, not previously published or circulated elsewhere. Once submitted, no public use should be made of the submission unless you have first obtained permission from the Clerk of the Committee.

3. Press Notice No. 30

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