Brexit: Small Businesses

Debate between Lord Tugendhat and Lord Henley

Tuesday 5th March 2019 Lords Chamber

[Lord Henley]

My Lords, we have been offering advice to businesses as to what they ought to do. We also made it clear in the document we published last week that we think a lot of businesses have not done what they ought to be doing: making preparations in case there is no deal because, as I made clear, no deal is the default position. What is important is that we get behind the Prime Minister and get a deal.

[Lord Tugendhat (Con)]

My Lords, in the light of what my noble friend said about making ample information available, is he able to cast light on the report in the Financial Times that the Department for International Trade is to cease the preparedness meetings that it has been holding with business? It is of course public knowledge that the department is very much behind hand in reaching agreements with our trading partners. If it is now ceasing to provide information, that really seems to be something of a dereliction of duty.

[Lord Henley]

My Lords, without having seen that report in the Financial Times, I cannot comment on it but I can make it clear that my right honourable friend the Secretary of State for Business, Energy and Industrial Strategy is having regular meetings with representatives of all businesses. He will continue to do so to offer as much advice and support as he and the department as a whole can.

Nissan in Sunderland

Debate between Lord Tugendhat and Lord Henley

Tuesday 5th February 2019 Lords Chamber

[Lord Henley]

My Lords, decisions on where to invest are very difficult. The noble Baroness is quite right to say they are made by a hair’s breadth. One of the reasons companies come to the UK is because they know that we have the right people in the right places. That is why they go to Sunderland and why we got that investment in the right place. We should be proud of that. We will continue to seek other companies to come to invest in this country, like the companies I mentioned earlier have done. The noble Lord opposite suggested that BMW and Honda made competitive decisions that went against the UK. I am advised that that is not the case and no competitive decisions have gone against the UK in recent years.

[Lord Tugendhat (Con)]

My Lords, does my noble friend agree that, in an uncertain situation, one thing is certain—that if we go out of the EU without a deal, cars manufactured in Japan will be able to enter the EU on more favourable terms than cars manufactured in the UK?

[Lord Henley]

My noble friend is absolutely right about the recent trade deal agreed between the EU and Japan, and that is why we in the UK should seek to emulate deals of that sort. We are not seeking no deal; we are trying to get a deal. Let us all come together and try to get that.