G20 Summit

Debate between Baroness Hooper and Lord Strathclyde

Monday 25th June 2012 Lords Chamber

[Lord Strathclyde]

My Lords, I think my noble friend is trying to be helpful. Indeed, he is being very helpful. Our net debt to GDP is considerably higher than 40%. My noble friend is right: as President Hollande has shown, the answer does not lie in increasing debt.

[Baroness Hooper]

My Lords, I am delighted that the Prime Minister was able to make it quite clear to the President of Argentina that the British people and the British Government stand beside, and behind, the people of the Falkland Islands in deciding their own future.

Can my noble friend the Leader of the House let us know whether, in the margins of the G20 meetings, the Prime Minister was able to talk with political leaders in Mexico, given the importance and vitality of the Mexican economy, and in view of the forthcoming elections there?

[Lord Strathclyde]

Yes, my Lords. Certainly, on the first question, my right honourable friend the Prime Minister made a point on the future of the Falklands which he has made continually, which I know the whole House will agree with. We do not see that this question should be put into any doubt whatever. We have made the proposal that there should be a referendum. We believe wholeheartedly in self-determination. That is the right way forward and we encourage the people of Argentina and its Government to agree with us on this vital matter.

I can also confirm that my right honourable friend had a further meeting with Mexico, and an inward investment meeting of British businesspeople in Mexico. It was extremely successful and useful, and showed again this Government’s firm desire to demonstrate our need to grow our economy through exports.