Claire Hanna
Main Page: Claire Hanna (Social Democratic & Labour Party - Belfast South)Department Debates - View all Claire Hanna's debates with the HM Treasury
(1 year, 3 months ago)
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Claire Hanna (Belfast South) (SDLP)
The UK’s economic decline, which was started by Brexit but exacerbated by the mini-Budget, is genuinely sad, and it hurts millions of ordinary, blameless people. At the moment in Northern Ireland, we have some protection through the protocol, which, although imperfect, has economic benefits, including dual market access, offering the potential to transform our traditionally sluggish economy. Many businesses are already benefiting from that, and more investment will follow if the UK Government commit to supporting the protocol and that is accompanied by a responsible devolved Government focused on skills and infrastructure.
Will the Minister commit to advocating in Cabinet for a pragmatic EU-UK deal? If not, will he acknowledge that if the protection of the protocol is removed, more and more people in the centre ground in Northern Ireland will ask, “When can we leave this Brexit madness through an agreed, dynamic and inclusive new Ireland?”
James Cartlidge
Of course, the hon. Lady knows about the work that is happening across Government in respect of the protocol. She talks about our “economic decline”, but let me be absolutely clear: since 2010, the UK has grown faster than France, Japan and Italy. She knows that, as I said earlier, 14 EU countries have higher inflation than we face at the moment. These are global challenges that we face, but we have the strengths to get through them. One example, as the Chancellor pointed out on Friday, is that there are only three economies in the world with a £1 trillion tech sector. Tech is a huge part of our future economic growth. One of those countries is China, one is the United States, and the other, I am pleased to say, is the United Kingdom.