(1 year, 3 months ago)
Commons ChamberMy right hon. Friend raises a good point. The events industry is often overlooked, yet it is a great export opportunity. Those are some of the things I am going to raise with the Board of Trade, which is meeting next week. It is about promoting the best of British internationally. Events is one of the areas we can take a closer look at.
The hon. Member raises an important point about the cost of living impact on businesses. These are global issues, not domestic issues, and she should be clear on that with her businesses. As I said in response to the question from her hon. Friend, the hon. Member for Edinburgh North and Leith (Deidre Brock), the Scottish Government might look at increasing the generosity of the business rates relief scheme, as the rest of the UK has.
(1 year, 8 months ago)
Commons ChamberAs I said in my earlier answer, we have introduced the largest and most severe economic sanctions ever imposed on a major economy. We have sanctioned £20 billion, or 96%, of UK-Russia goods trade from 2021. Since the start of the invasion, UK goods imports from Russia have fallen by 99% and goods exports to Russia have fallen by 80%. Sanctions have sent Russia into a severe and sustained economic recession. Of course we will do all we can, but not all of the things the Opposition are asking for have easy mechanisms to deliver.
The UK has a clear position on Israeli settlements in the Occupied Palestinian Territories: they are illegal under international law and constitute an obstacle to peace and the two-state solution. As set out in Foreign, Commonwealth and Development Office guidance on overseas business risk, there are clear risks to UK businesses related to economic and financial activities in the settlements and we do not encourage or offer support to such activity.
Ramadan Mubarak to everyone celebrating.
In January, the Foreign Secretary told the House that the UK Government’s position on the illegality of Israeli settlements remains unchanged. If that is the case, will the UK Government finally suspend trade in goods and services between the UK and companies operating in illegal Israeli settlements? Do the Government understand that if not, the UK is essentially legitimising outposts that clearly violate international law?
The UK’s long-established position on the settlements is clear, as I outlined. The UK does not recognise the Occupied Palestinian Territories as part of Israel, including the illegal settlements. For example, goods originating from illegal Israeli settlements in the west bank, including East Jerusalem, are not entitled to tariff or trade preferences under either the agreement that the UK has with Israel or the agreement between the UK and the Palestinian authorities. I think it is important for the House to recognise that, of course, we also have an agreement with the Palestinian authorities.