Thursday 3rd April 2025

(2 days, 17 hours ago)

Commons Chamber
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Jonathan Reynolds Portrait Jonathan Reynolds
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I warmly welcome my hon. Friend’s words and his endorsement and seconding of my whisky choice. I should say that other excellent whiskies are available; a lot of Scottish Members are present, and I do not want to offend anyone. He is right to say that businesses will need reassurance: I hope they will get that from the tone that the Government are striking today, but they will need information. If Members get out their phones and go on to great.gov.uk, they will see a link to a bespoke page where that information is provided. We have advertised around that.

My hon. Friend makes an important point. Where we can look at alleviating some of the domestic pressures, whether through regulation or other areas, this is clearly the time to do so. I have had those conversations with Cabinet colleagues. He is right to say that this is not about changing policy, but about looking at the impact right now and how we can make a difference. That is a very wise observation to make.

Andrew Lewin Portrait Andrew Lewin (Welwyn Hatfield) (Lab)
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I commend my right hon. Friend for the measured tone he has taken on events in Washington. I want to reflect on the agency we have here in London and with our allies in Brussels. Does the Secretary of State agree that now is the moment to seek the most ambitious trade deal we possibly can with the European Union, seeking deep alignment in goods and services? Furthermore, while the United States may want to make it harder to trade, does he agree that the UK-EU reset provides us with an opportunity to break down the barriers to trade that the Conservatives put up when they were in government? If we get this right, the prize on offer from the UK-EU trade deal could be even greater than what was lost overnight.

Jonathan Reynolds Portrait Jonathan Reynolds
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I warmly thank my hon. Friend for his question and his support for the approach we are taking. I believe there is a competitive advantage to seek for the UK where we are able to reach agreement with the US. We are able to do those trade deals and negotiations with countries such as India or customs unions such as the Gulf Co-operation Council, and also to get the EU reset right. Although this is not about looking to the past, a lot of smaller businesses stopped exporting entirely after Brexit. They almost certainly set up subsidiaries in the single market, which was not to our advantage, and we saw a real decline in certain types of food and drink trade, even though we had a broadly similar SPS regime in place. We can work on those practical things, and that is our objective. There is real gain to be had from that. We need a partner on the other side who sees the benefits as well, but I believe that they exist, and that is a crucial focus for what we call the twin-track approach to trade under this Government.