Oral Answers to Questions
Debate between George Kerevan and Elizabeth Truss(9 years, 5 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
George Kerevan (East Lothian) (SNP)
T3. With a Greek exit from the eurozone a looming possibility this week, and given the inevitable downward pressure that will put on the exchange rate between sterling and the euro, has the Minister made any contingency plans to deal with the disastrous impact that that exchange rate change will have on the real value of farm support payments in the UK?
Elizabeth Truss
The hon. Gentleman is absolutely right that we do face risks and difficult economic times. What we are committed to doing is helping British producers sell their products—we have seen exports rise to £19 billion. Also, when we had the issue with the Russian trade embargo last year, we were able to find new markets for products—for example, we found a new market for mackerel in Nigeria—and we will continue with that work.