Oral Answers to Questions

Baroness Ritchie of Downpatrick Excerpts

Wednesday 10th September 2014 Commons Chamber

[Mr Hague]

My hon. Friend makes a very powerful point. The anxieties of businesses are very clear to see. While we can understand people doubting the word of politicians about economic events, it is very important to listen to what businesses say they will do with their jobs, with their headquarters and with their investments, because a country that has separated itself from the fastest growing economy of the G7, that has put itself outside the European Union without thinking about the implications of doing that, and that has ended up with no central bank and unsure which currency to use, would of course find it difficult to attract new business to its shores.

[Ms Margaret Ritchie (South Down) (SDLP)]

Q10. The Transatlantic Trade and Investment Partnership leaves the health service vulnerable to some of the worst possible outcomes of this Government’s privatisation programme. Private investors will be able to haul the Government and devolved Administrations through the investor-state dispute settlement tribunal. In that respect, how can the Leader of the House guarantee that the health service, including the health services in the devolved Administrations, will be exempt from the TTIP?

[Mr Hague]

My right hon. Friend the Secretary of State for Business, Innovation and Skills has been dealing with these matters and has held a briefing about them, so I have no doubt we can furnish the hon. Lady with more details on these issues, but it is very important to maintain a commitment to free trade, which has been a characteristic of the United Kingdom over many centuries, and which has invariably brought greater prosperity to the people of the UK, as well as to people all over the rest of the world. The TTIP is another major opportunity to boost free trade across the world.