Asked by: Lord Truscott (Non-affiliated - Life peer)
Question to the Department for International Trade:
To ask Her Majesty's Government how much money they are lending to the government of Ukraine to buy UK military equipment; and what assessment have they made of the likelihood of British taxpayers being repaid that loan.
Answered by Lord Grimstone of Boscobel
As part of a cross-Whitehall effort to support the £1.7bn Ukraine Naval capabilities Enhancement programme (UNCEP), UK Export Finance (UKEF) has committed to provide a £750m direct government-to-government loan, as well as guarantees to support lending for the remainder of the financing.
UKEF is open for cover in Ukraine and as is the case for all transactions, will charge a fee for the provision of guarantees or direct lending that reflects the risks involved.
Asked by: Lord Truscott (Non-affiliated - Life peer)
Question to the Department for International Trade:
To ask Her Majesty's Government what is their assessment of the value of UK arms sales to Saudi Arabia over the last 12 months.
Answered by Viscount Younger of Leckie - Parliamentary Under-Secretary (Department for Work and Pensions)
The Government disagrees with the Court of Appeal judgment and will be seeking permission to appeal. We are carefully considering the implications of the judgment for decision-making. While we do this, we will not grant any new licences for exports to Saudi Arabia and its coalition partners, which might be used in the conflict in Yemen.
Arms sales data by region are published annually on GOV.UK.
Additionally, information on export licences issued, refused and revoked, up to 31 December 2018, which includes values declared for Standard Individual Export Licences, is published on GOV.UK.
It should be noted, that licences granted are not necessarily a measure of sales or exports shipped in a given period as they are valid for between two and five years. Licensing data only provides a partial indication of sales as exporters only declare export values for a subsection of licences (Standard Individual Export Licences). Some licences expire before they are used and, in these circumstances, exporters must submit a further application, which can result in an element of double counting.
Asked by: Lord Truscott (Non-affiliated - Life peer)
Question to the Department for International Trade:
To ask Her Majesty's Government, following the High Court judgment on 20 June, whether they intend to suspend arms sales to Saudi Arabia immediately on humanitarian grounds.
Answered by Viscount Younger of Leckie - Parliamentary Under-Secretary (Department for Work and Pensions)
The Government disagrees with the Court of Appeal judgment and will be seeking permission to appeal. We are carefully considering the implications of the judgment for decision-making. While we do this, we will not grant any new licences for exports to Saudi Arabia and its coalition partners, which might be used in the conflict in Yemen.
Arms sales data by region are published annually on GOV.UK.
Additionally, information on export licences issued, refused and revoked, up to 31 December 2018, which includes values declared for Standard Individual Export Licences, is published on GOV.UK.
It should be noted, that licences granted are not necessarily a measure of sales or exports shipped in a given period as they are valid for between two and five years. Licensing data only provides a partial indication of sales as exporters only declare export values for a subsection of licences (Standard Individual Export Licences). Some licences expire before they are used and, in these circumstances, exporters must submit a further application, which can result in an element of double counting.
Asked by: Lord Truscott (Non-affiliated - Life peer)
Question to the Department for International Trade:
To ask Her Majesty's Government what was the value of direct investment from China in the UK energy sector in each of the last five years.
Answered by Baroness Fairhead
According to the latest Office for National Statistics (ONS) figures (published in December 2016) there is no recorded value of foreign direct investment from China in the UK energy sector.
Asked by: Lord Truscott (Non-affiliated - Life peer)
Question to the Department for International Trade:
To ask Her Majesty's Government how many foreign direct investment projects there have been in the UK over the last five years.
Answered by Baroness Fairhead
Over the last five years the Department for International Trade (DIT) and its predecessor UK Trade and Investment, has recorded 9,798 foreign direct investment projects in the UK.
In 2016/17 DIT registered the highest number of FDI projects coming into the UK it has ever recorded – 2,265 (up 2% on 2015/16).
Asked by: Lord Truscott (Non-affiliated - Life peer)
Question to the Department for International Trade:
To ask Her Majesty's Government what was the value of direct investment from China in the UK telecommunications sector in each of the last five years.
Answered by Baroness Fairhead
The figures below, from the Office of National Statistics (ONS) (published in December 2016), show the value of direct investment from China into the UK in the Information and Communications sector in each of the last five years that figures are available.
Year | Value of investment (£m) |
2011 | 11 |
2012 | - |
2013 | 4 |
2014 | 3 |
2015 | 3 |
Source: Office for National Statistics
- Indicates nil data