UK–China Economic and Financial Strategy Dialogue Debate

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Department: HM Treasury

UK–China Economic and Financial Strategy Dialogue

Lord Sassoon Excerpts
Tuesday 4th February 2025

(1 day, 15 hours ago)

Lords Chamber
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Lord Livermore Portrait Lord Livermore (Lab)
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I am afraid that I am not aware of any such discussions.

Lord Sassoon Portrait Lord Sassoon (Con)
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I note my interest as president of the China-Britain Business Council and as having other China interests. Does the Minister agree with me that in total there are some £40 billion of UK exports going to China each year, including to Hong Kong, and those support 400,000 UK jobs? While the EFD marks a very important re-engagement with China, will he confirm that there will be other ministerial engagements at the top level, including Trade Ministers, to support British business growth?

Lord Livermore Portrait Lord Livermore (Lab)
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I am grateful to the noble Lord for his question. I agree with the point that he sets out in terms of the number of jobs that are supported by trade between our two countries. Yes, I think that further such ministerial engagements are planned. The Secretary of State for Business and Trade and the Secretary of State for Energy Security and Net Zero are both, I think, due to attend similar discussions.