Nissan: Sunderland

Debate between Sammy Wilson and Greg Clark

Monday 31st October 2016 Commons Chamber

[Greg Clark]

As the hon. Gentleman knows, we have not targeted an exchange rate for some time. That policy is, first, not my remit and, secondly, not the way we approach the economy. However, it is true that there are many contributors to the competitiveness of the economy. What I need to do, and what I will do, is to take those things over which I do have influence and make them work for Britain.

[Sammy Wilson (East Antrim) (DUP)]

The Nissan announcement is not, of course, the only announcement of a good investment decision in the UK since the referendum. From GlaxoSmithKline to McDonald’s, thousands of jobs have been created, despite the predictions of the doom-mongers on the referendum deniers’ side. The Minister has indicated that he will take a sector-by-sector approach. Does he also reckon that there needs to be a region-by-region approach, and what plans does he have to meet the Economy Minister in Northern Ireland to discuss the problems there?

[Greg Clark]

I have already met the Economy Minister in Northern Ireland and had a very constructive discussion with him. I had that discussion to invite him to help us as we develop our industrial strategy so that it includes an appreciation of the different needs of different places to which the hon. Gentleman refers.