Oral Answers to Questions Debate
Full Debate: Read Full DebateAnthony Browne
Main Page: Anthony Browne (Conservative - South Cambridgeshire)Department Debates - View all Anthony Browne's debates with the Department for International Trade
(4 years, 5 months ago)
Commons ChamberWe are working very closely with the Cabinet Office to make sure that businesses have all the information they need to prepare for transition at the end of this year. This is also an opportunity, of course, to get more businesses trading with the rest of the world, and we will be saying more about this soon in our new export strategy.
I thank my hon. Friend for that question. When I was previously in this job, I visited the sector in Cambridgeshire. We know that the life sciences industry contributes £74 billion a year to the economy, creating 250,000 jobs and developing life-saving medicines for UK patients. Annually, the east of England exports £711 million of medical and pharmaceutical products to the US. Estimates show that a UK-US FTA could boost the whole region’s economy by £345 million in the long run.