Oral Answers to Questions

Bridget Phillipson Excerpts
Thursday 24th October 2013

(11 years, 1 month ago)

Commons Chamber
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Vince Cable Portrait Vince Cable
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The car companies the hon. Gentleman has cited, and indeed others, particularly the Japanese, have made it clear that they expect Britain to remain in the single market, and they attach enormous importance to being able to frame its rules.

Bridget Phillipson Portrait Bridget Phillipson (Houghton and Sunderland South) (Lab)
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The Secretary of State knows the vital role Nissan plays in the north-east economy, but do not recent comments from Nissan on the importance of our ongoing membership of the EU, and the potential impact of any tariffs if we are not in the EU, underline the risk and uncertainty the Government’s policy is creating?

Vince Cable Portrait Vince Cable
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Nissan has been very clear on the subject—on its behalf, the Japanese Government have made exactly the same point that they do not want the re-imposition of tariffs. However, there is no evidence so far that our policy is discouraging Nissan. Its investment in the UK continues at a high level. I continue to welcome that.