(1 month, 1 week ago)
Commons ChamberI start by thanking the Chair of the Science, Innovation and Technology Committee and its entire membership for the publication of a very interesting and timely report. Business, academia and the whole tech sector needs clarity, in some ways more than anything else. Does the Chair share my concerns, which are stated quite well in the report, that
“The government has repeatedly outlined that building sovereign capability is a ‘critical priority’ for the UK but has not been clear on exactly what this means or how it might be measured”?
There are lots of different definitions of sovereignty being bandied around, which mean lots of different things in different contexts. Does the hon. Lady agree that we need some clarity on what exactly it means in this sector when we use the word “sovereignty”?
It is one of the thrusts of the report that we need greater clarity on sovereignty. This is not an academic debate—we do not need philosophical discussions on what sovereignty may or may not mean—but as the shadow Minister indicated, on tech stacks, particular technologies and their supply chains, we need to understand what we are trying to achieve, so that business, academia and Government, and particularly Government procurement, can move in that direction.
It is interesting, because it was almost implicit that we did not want to say where we were looking for sovereignty, or where we did not have it, as that might alert our competitors to weaknesses. I think China and Russia probably know our weaknesses quite well, and it is our tech start-ups and our great businesses and scale-ups that need to better understand our intended strengths, so that they can support them.
(1 year, 4 months ago)
Commons ChamberI am grateful to my hon. Friend for raising one of the most important issues we face: the impact of trade diversion—not just the relationship between the US and the UK, but what it means for goods that potentially would have gone to other countries coming to the UK market. That is something we have to be extremely vigilant about. He will know that we have those safeguards in place on the tariffs already announced on steel and aluminium, and that we have our own quotas and 25% tariff to protect domestic production to ensure that that is not the case. I can tell him that we stand ready to use those powers for any sector of the economy that we need to use them for, or indeed to take further powers if that is deemed to be necessary.
I want businesses to be based in the United Kingdom and to serve a whole range of markets from the United Kingdom. That pitch is not just about the comparative position we find ourselves in, but about the kind of policies we put in place to ensure we have the level of competitiveness we need. That is something that every country in the world is engaged in, but I assure my hon. Friend—not so much on the announcements last night, but on the wider agenda of the Government—that that is our commitment.
Tariffs are a tax on import paid by domestic businesses. As the Business Secretary reflects over the forthcoming weeks and consults with businesses, will he reflect on the taxes he has raised on our own domestic businesses and think about whether that is an appropriate response to what is happening?
We always reflect on the decisions we have made as the UK Government. I say to the hon. Member again—we have probably had this exchange a few times—that I am always willing to hear from the Conservative party how it plans to fund its spending plans, but it certainly did not set that out in the spending plans we inherited. If the Conservatives are ready to make a decision on that, we would love to hear from them, but until they do so, they should stop criticising us for fixing their mess.