UK-US Trade Deal Debate
Full Debate: Read Full DebateDepartment: Department for International Trade
Drew Hendry
Main Page: Drew Hendry (Scottish National Party - Inverness, Nairn, Badenoch and Strathspey)Department Debates - View all Drew Hendry's debates with the Department for International Trade
UK-US Trade Deal
Drew Hendry Excerpts(4 years, 8 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Elizabeth Truss
My hon. Friend is right. Some 79% of all the services we provide are supplied remotely—many of them into the United States. Having this underwriting on digital and data will really help companies in areas such as robotics, artificial intelligence and computer gaming, and will provide a massive strategic advantage for the UK against our competitors.
Drew Hendry (Inverness, Nairn, Badenoch and Strathspey) (SNP)
As we have heard, according to the Government’s figures, the very best deal that they can do with the US will result in GDP growth of 0.16%—leaving aside the concerns over reduced standards, especially in food. With the Secretary of State’s Government once again raising the spectre of no deal with the EU, which Government figures show would see growth of around minus 8%, put simply, wouldn’t no deal with the EU and this deal with the US be at best like losing £8 and finding a 20p piece?
Elizabeth Truss
It is very interesting that half a billion pounds in extra economic value does not mean anything to the hon. Member.