Asked by: Callum Anderson (Labour - Buckingham and Bletchley)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what steps he is taking to monitor use of investment dispute resolution mechanisms under the UK–Republic of Korea Free Trade Agreement.
Answered by Chris Bryant - Minister of State (Department for Business and Trade)
The investment provisions in the UK-Republic of Korea FTA, including a modernised and transparent ISDS mechanism, will protect investors in both markets, ensuring fair, adequate and non-discriminatory treatment for both UK businesses investing in Korea and Korean businesses investing in the UK. This enhances the certainty investors need to make investments, which is crucial for economic growth. We have concluded negotiations but have yet to reach signature, let alone ratification. Once the agreement enters into force, DBT will, in line with standard practice, monitor the utilisation of the FTA by businesses.
Asked by: Callum Anderson (Labour - Buckingham and Bletchley)
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, what steps he is taking to increase (a) skills and (b) employment support for people in Buckingham and Bletchley constituency who are in receipt of sickness benefits.
Answered by Diana Johnson - Minister of State (Department for Work and Pensions)
The Get Britain Working White Paper, published in autumn 2024, and Pathways to Work Green Paper, published in spring 2025, set out the Government’s plan on skills and employment support, including for those in receipt of sickness benefits.
Our Pathways to Work Guarantee offer of personalised employment, health and skills support for all disabled people and those with health conditions on out of work benefits is backed by £1 billion a year of new funding by the end of the decade. Once fully rolled out, we anticipate this will include a support conversation to identify next steps, one-to-one caseworker support, periodic engagement and an offer of specialist long-term work health and skills support.
In addition, Connect to Work is being made available across all of England and Wales. This is a voluntary, locally commissioned, Supported Employment programme for individuals that are disabled, have a health condition or experiencing non-health related barriers to work to find and sustain employment. There is no benefit-related requirement for this programme. DWP has agreed up to £7.2m in funding to Buckinghamshire County Council to deliver Connect to Work support across Buckinghamshire to around 1650 people by the end of the decade. We understand that Buckinghamshire County Council expect to open their service to participants at the start of April 2026.
Through the Adult Skills Fund in the 2025/26 academic year, we are spending £1.4 billion for eligible adults aged 19 and above from pre-entry to level 3, to support adults to gain the skills they need for work, an apprenticeship or further learning. In Buckingham and Bletchley, the Adult Skills Fund fully funds learners who are unemployed or earn less than £25,750 (annual gross salary).
Asked by: Callum Anderson (Labour - Buckingham and Bletchley)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what formal mechanisms exist for engagement with financial services firms on the operation of the UK–Republic of Korea Free Trade Agreement.
Answered by Chris Bryant - Minister of State (Department for Business and Trade)
Both DBT and HM Treasury conduct routine engagement with Financial Services firms and representative bodies. HMT’s Working Group discusses the negotiation and operation of UK trade agreements, including the UK-Republic of Korea FTA. DBT conducts engagement with Financial Services firms and representative bodies as part of its broader services engagement programme. This includes bilateral conversations and fora to collate interests in UK trade agreements, including the UK-Republic of Korea FTA, and assess business sentiment regarding their negotiation.
Asked by: Callum Anderson (Labour - Buckingham and Bletchley)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what discussions he has had with the Chancellor of the Exchequer and financial regulators on implementation of the financial services chapter of the UK–Republic of Korea Free Trade Agreement.
Answered by Chris Bryant - Minister of State (Department for Business and Trade)
Engagement between the Secretary of State for Business and Trade and the Chancellor of the Exchequer has focused on key aims for the UK-Republic of Korea FTA. HM Treasury officials, who negotiated financial services provisions, have engaged regularly with UK financial regulators throughout.
The Department for Business and Trade will lead on implementing the agreement, with input from HMT officials on financial services provisions. The Financial Services chapter contains consultation provisions which provide a formal mechanism for the UK Government – including, where appropriate, representatives from its financial regulators - to discuss implementation of these commitments with the Republic of Korea.
Asked by: Callum Anderson (Labour - Buckingham and Bletchley)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what assessment his Department has made of the potential impact of the investment provisions of the UK–Republic of Korea Free Trade Agreement on UK outward investment to the Republic of Korea.
Answered by Chris Bryant - Minister of State (Department for Business and Trade)
The updated investment provisions in the UK-Republic of Korea FTA will protect investors, ensuring fair, adequate and non-discriminatory treatment for both UK businesses investing in the Republic of Korea and Korean businesses investing in the UK. We believe the commitments will help provide certainty, incentivising investment and driving economic growth. We will publish a full assessment of the economic impact of the UK-Korea FTA when the agreement is formally signed.
Asked by: Callum Anderson (Labour - Buckingham and Bletchley)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what steps he plans to take to assess the effectiveness of the investment and financial services provisions of the UK–Republic of Korea Free Trade Agreement.
Answered by Chris Bryant - Minister of State (Department for Business and Trade)
We will publish a full assessment of the economic impact of the UK-Republic of Korea FTA when the agreement is formally signed. Once the agreement enters into force, DBT will monitor the utilisation of the FTA by businesses, in line with standard practice.
Asked by: Callum Anderson (Labour - Buckingham and Bletchley)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of the UK–Republic of Korea Free Trade Agreement on UK institutional investment in Korean capital markets.
Answered by Chris Bryant - Minister of State (Department for Business and Trade)
The upgrade agreement includes a range of commitments aimed at driving growth in services trade and investment. We assess that these will add £400m to existing services exports in the long-term. We will publish a full assessment of the economic impact of the UK-Korea FTA when the agreement is formally signed.
Asked by: Callum Anderson (Labour - Buckingham and Bletchley)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, whether his Department has identified sector-specific barriers to UK investment in the Republic of Korea since conclusion of the UK–Republic of Korea Free Trade Agreement.
Answered by Chris Bryant - Minister of State (Department for Business and Trade)
Throughout this negotiation we have sought to address current and future barriers, impacting both goods and services trade. Once the agreement enters into force, DBT will, in line with standard practice, monitor trade and investment flows to assess the impact of the new agreement. This will include seeking to identify any new and emerging sector-specific barriers affecting UK investment in the Republic of Korea.
Asked by: Callum Anderson (Labour - Buckingham and Bletchley)
Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, if he will make an estimate of the potential number of firms in the Buckingham and Bletchley constituency that may request support to improve their energy management practices.
Answered by Chris McDonald - Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
In order to keep the level of reporting on businesses to a minimum, DESNZ does not collect information detailing the uptake of energy management improvements by businesses.
However, Buckinghamshire Business First is a local organisation that works closely with Buckinghamshire Council and has so far provided support to 3,600 businesses in the local area to date to help businesses reach net zero targets.
Small businesses can search for other local grant and advice schemes on the finance and support for businesses page on gov.uk.
Asked by: Callum Anderson (Labour - Buckingham and Bletchley)
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, what steps his Department is taking to reduce youth economic inactivity in rural communities.
Answered by Diana Johnson - Minister of State (Department for Work and Pensions)
This Government is investing in all young people’s futures irrespective of where they live in Great Britain. At Budget, we announced more than £1.5 billion of investment over the next three years, funding £820 million for the Youth Guarantee to support young people to earn or learn, and an additional £725 million for the Growth and Skills Levy. Through the expanded Youth Guarantee, young people aged 16-24 across Great Britain are set to benefit from further support into employment and learning, including:
Support to find a job: For young people on Universal Credit who are looking for work, we are introducing a new Youth Guarantee Gateway, which over the next three years will offer nearly 900,000 16–24-year-olds a dedicated session, followed by four weeks of additional intensive support with a Work Coach. This new support will identify specific work, training, or learning opportunities locally for each young person and ensure they are supported to take those up. This support could be delivered at a Youth Hub.
Further expansion of Youth Hubs: We are expanding our network of Youth Hubs to over 360 locations so that all young people – including those not on benefits – can access opportunities and wider support in every local area of Great Britain. Youth Hubs will bring together partners from health, skills and the voluntary sector, working closely with Mayors and local authorities to deliver joined-up community-based support.
c300,000 additional opportunities for workplace experience and training: For young people on Universal Credit who are looking for work, we will create up to 150,000 additional work experience placements and up to 145,000 additional bespoke training opportunities designed in partnership with employers – Sector-based Work Academy Programmes (SWAPs). At the end of each SWAP, employers offer a guaranteed job interview to participants.
The Youth Guarantee ensures paid work for eligible 18–21-year-olds in Great Britain who have been on Universal Credit and seeking work for 18 months. Through the Jobs Guarantee scheme, participants get six months of government-funded employment at minimum wage for 25 hours weekly, plus extra support to build skills and experience. The program aims for an 80% employment rate and includes safeguards for quality and fairness. It will benefit about 55,000 young people over three years.
Prevention: We are improving support for young people at risk of becoming NEET by enhancing data sharing, monitoring further education attendance, and using new tools to help local areas target assistance effectively. We are also funding work experience opportunities for high-risk pupils in state-funded Alternative Provision settings. These efforts build on measures from the Post-16 Education and Skills White Paper announced earlier this autumn.
The Department for Work and Pensions and the Department for Education are also working closely with the seven Mayoral Strategic Authorities in England who are delivering the eight Youth Trailblazers announced in the Get Britain Working white paper.
The West of England Combined Authority is running a Rural Access Pilot as part of its Youth Guarantee Trailblazer. This pilot focuses on supporting young people in rural areas by providing tailored employment coaching and practical transport solutions, alongside bursaries to cover work-related costs. A free travel pass is designed to remove transport barriers for young people in these areas, enabling them to access employment opportunities, training, and support services.