(12 years ago)
Commons ChamberMy hon. Friend raises a very important point, which is getting hon. Members to understand that the facility is available. The more people who do, the better we can export. We have UKTI, and small and medium-sized enterprises will take part in its export week from 12 to 16 November, when more than 100 events will be organised across the UK. We have the overseas business risk service, and members of my Department spoke to members of the Kent international trade office on 18 October about the help that the Foreign Office can offer. I am glad that it is working with her, but I urge right hon. and hon. Members across the House to make use of the facilities for their local small and medium-sized enterprises. We can help—we are here to help—and if Members have any problems and encounter difficulties, my office door is always open.
22. Despite what the Minister said, exports of goods in the second quarter continued to fall, and the £10.2 billion trade deficit in June was the worst since 1997. UK exporters tell me that the increasingly isolationist rhetoric by members of the Government has done little to develop the notion that Britain is open for business, and suggests that the Government just want to be alone.
I do not know how to respond to that. It may have escaped the hon. Gentleman’s notice that there has been a bit of economic turbulence in the eurozone, which is an important market for us. The network shift over which the Foreign Office is presiding involves more people in more places, particularly in emerging and re-emerging markets. We are opening up 11 new embassies, and eight new British consulates and trade offices. We are redeploying 300 extra staff in more than 20 countries in Asia, Latin America and Africa. If that is his definition of isolationism, it is not mine.
(12 years, 10 months ago)
Commons ChamberAn Aviva survey released this week showed that a quarter of small business owners are thinking of jacking in running their own business and instead trying to get a job because their situation is so difficult. Are Ministers in the Northern Ireland Executive as frustrated as the rest of the country at the lack of growth that this Government are delivering?
We have many things to celebrate in Northern Ireland that are occasionally eclipsed by other news stories. Today, Muldoon Transport Systems in Dungannon has secured a £1 million contract to supply 19 trailers to one of Saudi Arabia’s biggest businesses. Nearly a third of London buses are manufactured in Ballymena by Wrightbus. I look forward to joining the hon. Gentleman for an early summer holiday on one of Boris’s Ballymena buses after Boris wins the mayoral elections.
It is worth pointing out that Northern Ireland has won 7% of foreign direct investment to the UK with only 2.8% of the population, and that Belfast attracts more foreign direct investment than any UK city outside London. Those are good news stories in Northern Ireland on which we intend to build.
(13 years, 4 months ago)
Commons Chamber9. What assessment he has made of the effect on economic growth in Northern Ireland of reductions in public expenditure.
As I said earlier to the hon. Member for Islwyn (Chris Evans), tackling the deficit has to be the Government’s biggest priority, and Northern Ireland must play its part. My right hon. Friend the Secretary of State and I are working with Northern Ireland Ministers to attract growth and investment and to help rebalance the economy.
Northern Bank’s quarterly economic forecast states that Northern Ireland’s construction sector has hit a new low and is facing its fourth year of decline. It has already suffered some of the worst job losses anywhere in the country. Do the 10,000 people who could now lose their jobs, on top of those who have already done so, have any cause for optimism, given the complacency that the Minister showed in his earlier answer?
I do not think that I showed complacency in my earlier answer. We are fully aware of the effect of the recession on the construction industry not only in Northern Ireland but in the whole of the United Kingdom. It has had a real effect in many of the border areas where people used to go down to the building sites of Dublin and earn their money that way. That is a serious issue for all kinds of reasons. The fact that we came to the aid of the Republic of Ireland has allowed us to have far greater involvement in its investment decisions affecting Northern Ireland, not least those of the banks, as well as in other issues of mutual interest.