Chris McDonald
Main Page: Chris McDonald (Labour - Stockton North)Department Debates - View all Chris McDonald's debates with the HM Treasury
(1 day, 20 hours ago)
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Rachel Reeves
This deal is worth £5 billion to the UK economy, and it also benefits British workers being posted by their company to work in India. The Conservatives are now in the absurd situation of opposing the US deal, the India deal and the deal with the EU. They are simply not serious. The India deal reduces tariffs on Scotch whisky by more than half and brings into the UK more good jobs paying decent wages—the Conservatives seem to be against that.
Chris McDonald (Stockton North) (Lab)
Special steels business Paralloy in Billingham, in my constituency, has told me that uncertainty on international trade has recently left its customers running for the hills. Does the Chancellor of the Exchequer agree that now we have trade deals coming along like buses—with India, the US and the EU—we can offer reliability and confidence to important local businesses such as Paralloy that want to export to the world?
Rachel Reeves
Steel is one of the sectors that will benefit particularly from the trade deals this Government have secured, freeing ourselves of tariffs on steel going into the US. Indeed, the deal we secured with the EU yesterday means that we avoid tariffs on steel being sold into European markets, as well as now being exempt from the European carbon border adjustment mechanism, which is good for steel and good for jobs right across Britain.