Oral Answers to Questions Debate
Full Debate: Read Full DebateDave Doogan
Main Page: Dave Doogan (Scottish National Party - Angus and Perthshire Glens)Department Debates - View all Dave Doogan's debates with the Department for Business and Trade
(1 year, 6 months ago)
Commons ChamberThrough a variety of mechanisms and across multiple Departments, the Government give advice to companies investing overseas. In terms of dynamics the other way around, the Investment Security Unit carefully analyses investment in the UK, particularly relating to acquisitions in 17 sensitive areas. We are very careful at analysing and we will continue to keep a close eye on those two-way relationships.
The UK’s total exports have now recovered to pre-pandemic levels, measured against 2018. In 2022, UK exports were £815 billion, up by 21% in current prices compared with 2018, and up by 0.5% once adjusted for inflation. The latest data shows Scotland is the third highest exporting nation or region in both goods and services. In 2022 Scottish exports of goods totalled £35.7 billion, up by 23.5% in current prices from the previous year.
I know just what a favourable position Scotland is in, in terms of its trade exports. We do very well, even though we are held back by the constraints of this Union. The Office for National Statistics figures show that UK exports are lagging behind other G7 countries. Before the Minister tells us that this is because of the war in Ukraine and covid, let me point out that all our G7 partners have faced those headwinds as well, but only the United Kingdom, sadly including Scotland, faces the English Brexit chaos that is damaging our trade. What discussions has she had to apologise to the Scottish Government and to Scottish businesses for the drag she places on Scottish trade?
The hon. Gentleman started so positively. If he is against Brexit, then he is against every trade deal, and he is against the most integrated single market in the world, which is Scotland and England. All he wants to do is to split, split, split. I have already told him the good news that the total amount of exports in pounds is up. There is also fantastic news about whisky—surely that can raise a smile from the hon. Gentleman—and about services: in 2022, UK services were up by 24% in current prices, and by 4% when the figure was adjusted for inflation. I know it is difficult for the hon. Gentleman to accept good news from the Government Benches, but it is good for his constituents, so he should welcome it.