Oral Answers to Questions
Debate between Lord Swire and John Healey(11 years, 1 month ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Swire
My right hon. Friend will be aware of my earlier comment that trade with the EU has been adversely affected by the downturn in the EU economy. I think what it shows is the flexibility of the British economy, not least because we did not join the euro and because this Government have a more determined approach to driving exports globally, both with our existing partners and in emerging markets.
John Healey (Wentworth and Dearne) (Lab)
The British embassy in Washington part-sponsored a state-by-state study of jobs in the United States that are linked to exports and the potential gains from a comprehensive EU-US trade and investment deal. No such study has been carried out in relation to the United Kingdom. Will the Government commission a similar area-by-area analysis of British jobs, output and exports?
Mr Swire
The hon. Gentleman raises an interesting point. I shall certainly look into it, and I should be happy to discuss it with him in more detail. British trade with the United States remains incredibly important. I will not rehearse the statistics again, but we have been vulnerable to the rather changeable circumstances in the domestic UK economy of late.