Oral Answers to Questions

Bob Seely Excerpts

Thursday 23rd January 2020 Commons Chamber

[Elizabeth Truss]

Let me be clear: UK tax policy is a matter for the UK Chancellor—it is not a matter for the US; it is not a matter for the EU; it is not a matter for anybody else—and we will make the decisions that are right for Britain whether they are on our regulatory standards, our tax policy or anything else.

[Bob Seely (Isle of Wight) (Con)]

Graham Harvey is a constituent of mine who runs an excellent little composites business on the Isle of Wight. He has just won a big order to sell to Taiwan. That is exactly the sort of business that I know the Secretary of State will want to cheer on, but he is finding it extremely difficult to get export finance and banking finance. I have written to the Secretary of State. Does she share my concern that our small and medium-sized businesses are not being given the support that they need to export successfully?

[Elizabeth Truss]

I am very proud of the work that UK Export Finance does. It has just celebrated its 100th birthday of supplying export finance for British business. I am very keen, and I have laid this out to the team, that we do more to support small and medium-sized enterprises. I would be very happy to look at the case for my hon. Friend’s constituent, and make sure that he is getting the support that he needs. We do have additional available finance, and there is also an exporting toolkit for MPs to help them get in touch with export finance.