Oral Answers to Questions

Eddie Hughes Excerpts

Thursday 18th May 2023 Commons Chamber

[Kevin Hollinrake]

The hon. Lady raises an important point. As she knows, one of the Government’s commitments is to halve inflation, which will also have an impact on food prices. We absolutely need to do that, particularly for those low-income households. That is why we directed support mostly at low-income households, with more than £2,000 a household this year and £900 in additional support for low-income households this year. This is a twin-track approach, tackling inflation and lowering food prices, and also providing direct support.

[Eddie Hughes (Walsall North) (Con)]

Some 70% of our economy is services, so what is the Department doing to reduce barriers in that area and supercharge our global trade in services?

[The Minister of State, Department for Business and Trade (Nigel Huddleston)]

My hon. Friend raises an important point: more than 70% of our economy is services. Therefore, it is absolutely right that the Department for Business and Trade has a laser focus on services as well as goods, particularly in relation to international deals. Historically, some of those trade agreements have not covered services particularly well. The Secretary of State mentioned the Swiss agreement, which was silent on services. So my hon. Friend is absolutely right about this, and we have a hitlist of barriers we are working on. They relate to both goods and services, which are hugely important right across the country, including in his constituency.