Trade: Import Substitution

Debate between Lord Pearson of Rannoch and Viscount Younger of Leckie

Wednesday 19th March 2014 Lords Chamber

[Viscount Younger of Leckie]

My Lords, the Government could not be clearer that membership of the EU is in the UK’s interest. We will continue to make that case vigorously as we progress with our proposals for reforming the EU. We recognise that the EU supports UK jobs, prosperity and growth through increased trade and investment both inside the single market and through free trade agreements.

[Lord Pearson of Rannoch (UKIP)]

My Lords, is it not true that, according to the ONS, only 12% of our GDP goes in trade with clients in the European Union and that is declining and in deficit, 14% goes to the rest of the world and that is increasing and in surplus, and the remaining 88% stays right here in the domestic economy? Is not the answer to this perfectly obvious?

EU: UK Membership

Debate between Lord Pearson of Rannoch and Viscount Younger of Leckie

Monday 11th February 2013 Lords Chamber

[Viscount Younger of Leckie]

The noble Lord is right in saying that we were right to stay within the European Union. The reason that decisions have been made to get rid of the uncertainty is because questions are being asked, not only within the UK but within Europe, about our future, and it is right to settle that now. I stress that the noble Lord is right in saying that it is very important that we stay in the EU. The single market provides UK businesses with access to a market of 500 million customers worth around £11 trillion in 2011. Between 1992 and 2008, the single market is estimated to have raised EU GDP by 2.13% and to have created 2.77 million new jobs. It is estimated that those benefits could be doubled with the removal of the remaining trade barriers.

[Lord Pearson of Rannoch]

My Lords, given that only 9% of our GDP exports to the European Union, declining and in deficit, that 11% of our GDP exports to the markets of the future, rising and in surplus, and that 80% stays in our domestic economy, is it not obvious that that 91% of our GDP, which is made up of our non-EU exports and our domestic economy, would generate several million new jobs if they were freed from the stifling overregulation from Brussels?

[Viscount Younger of Leckie]

It may not surprise the noble Lord that I do not agree with his approach. It is estimated that around 3.5 million jobs in the UK are dependent on trade with the EU. The UK exports a wide range of goods and services to other European member states, everything from cars, worth more than £13 billion in 2011, through music, which represents £1 billion and even more once related services, royalties and licences are included, to a wide variety of food and drink products, worth close to £10.5 billion. There is much to be lost if we leave the EU.

BBC: Resignation of Director-General

Debate between Lord Pearson of Rannoch and Viscount Younger of Leckie

Monday 12th November 2012 Lords Chamber

[Viscount Younger of Leckie]

I thank my noble friend for her supportive comments about the BBC. Putting aside the awful events that have happened, I wholeheartedly agree that the BBC acts as a role model throughout the world for high-quality journalism and, indeed, high-quality investigative journalism. Your Lordships will know that two inquiries are going on. One is looking into the culture and practices of the BBC, which is more of a long-term investigation. Mr Pollard is looking at editorial matters to find out why the “Newsnight” programme was in the position that it was in. The report will be out at the end of November.

Mr Entwistle’s compensation, to which I alluded earlier and which was mentioned by my noble friend, is a matter for the BBC. I do not wish to go into its precise details.

[Lord Pearson of Rannoch]

My Lords, the Government rightly say that the only organisation which can restore the public’s trust in the BBC is itself, but can the BBC do so under its present chairman and trustees? I ask that because in at least two of the most important areas facing this nation, they are marching determinedly in the opposite direction to the views of a growing majority of the British people. First, an analysis of the trustees reveals that a large majority of them are climate change enthusiasts.

[Lord Pearson of Rannoch]

Yes, indeed, my Lords, so it is not surprising that the BBC has decided not to allow informed debate on this subject. Secondly, the BBC remains blindly Europhile—I can prove that too—as exemplified by its chairman, who has a large EU pension which he could lose if he went against what the European Commission regards as the interests of the European communities. I need scarcely add that those interests are no longer the interests of this country.

[Viscount Younger of Leckie]

I do not wish to comment on the European matters mentioned by the noble Lord. As I said, although the trust could have acted more quickly with its initial inquiries, I feel that it is now acting decisively to address this crisis. The noble Lord, Lord Patten, has a key role in ensuring that this crisis is handled well. Again, I support him in everything that he is doing to sort out the mess.