Oral Answers to Questions Debate
Full Debate: Read Full DebateGraham Stuart
Main Page: Graham Stuart (Conservative - Beverley and Holderness)Department Debates - View all Graham Stuart's debates with the Department for International Trade
(5 years, 6 months ago)
Commons ChamberFew do more than my hon. Friend to promote UK education. Since the strategy launch in March, we have established a cross-Government implementation group to turn the strategy’s ambitions into reality, including raising exports to £35 billion by 2030 and lifting student numbers coming here to 600,000. We will appoint an international education champion, and I will chair the education sector advisory group later this month as we build on our plans to deliver the strategy in partnership with the sector.
I am very glad that my hon. Friend will be very busy on that project in the coming weeks. What steps are being taken by his Department to ensure that UK institutions, such as the excellent universities in Manchester, can promote their strong educational brands as world-class centres of teaching and research?
My hon. Friend is right: the UK education sector is world leading. It has four of the top 10 universities in the world and 18 of the top 100. Institutions such as the universities in Manchester stand out for their multicultural campuses and international collaborations, driving global research into important areas such as childhood leukaemia. We plan to work with them and others in the sector to promote it across the world.
On almost every measure, the UK has strengthened its position as the most attractive investment destination in Europe since the EU referendum. According to “The fDi Report 2019”, published last month on 3 May, last year saw in-year greenfield investment in the UK grow by 19% to 1,278 projects—more, notably, than France and Germany combined. Despite the slowdown in the world economy, the latest figures show that the total stock of FDI in the UK reached a new high of £1.5 trillion, more than Germany, Poland and Spain combined.
I thank the Minister for that extremely positive and encouraging reply. Is he aware that much of King’s Lynn and west Norfolk’s economy is based on foreign direct investment from a number of firms from America and Europe and that we have some subsidiaries of truly world-class companies? What is his Department doing to liaise with those firms and learn the lessons about why they made that successful decision to come to the UK and Norfolk, in particular?
We have a supplier relationship management programme, where we have built relationships at ministerial and senior official level with the largest investors into the UK. It is notable that in 2017-18, the 2,072 FDI projects that landed in the UK created 75,968 new jobs. Investors are not put off by Brexit, but they are deterred by the threat of nationalisation by the Labour party. It is the fear that job creators most often express to me, which goes to show that Labour does not even need to be in power to damage British jobs and living standards. The threat of Labour is enough.
My father, David Thomas Morgan Davies, was head of economic development at the Welsh Office and got Ford to move to Bridgend in the ’70s, yet this week we find that it is announcing its closure at a time when Donald Trump is saying that we are going to have a great trade deal. Does the Minister agree that the people working in Ford who voted in good faith to leave the EU did not vote to leave their jobs and deserve a say on the final deal, so that they can think again and stay in the EU instead of losing their jobs and being decimated by the Americans?
The hon. Gentleman again wants to frustrate the will of his constituents. The automotive industry is in massive global flux, and trying to link every decision to Brexit leads people astray, just as he and so many of his colleagues do as they come up with these false arguments for a second referendum. The people want the thing they decided to be done and they do not want to hear weasel words from the Labour party, trying to say the opposite.
The export strategy sets out how the Government will encourage, inform, connect and finance UK businesses so that they can take advantage of the international demand for British goods and services. In February we launched the new export champion community, a network of the UK’s leading exporters which will encourage their fellow firms to start exporting and will offer practical advice.
I am thinking very much of the workers at Ford this morning, because my first job was as a foreman at Ford in Bridgend. I hope that a way through can be found.
When it comes to informing and connecting, the Department needs people on the ground, but its budget in Africa, where I am one of the trade envoys, is very small. It has excellent people, but not nearly enough of them. What is the Minister doing to persuade the Treasury to invest more in “feet on the ground” for our trade missions in Africa and across the world?
One of this Administration’s successes is the establishment of the Department for International Trade. For the first time, we have a dedicated, focused international economic Department that seeks to build our global prosperity. Africa, which is expected to double its GDP between 2015 and 2030 and whose population will nearly double in the not too distant future, is an area in which we need to up our engagement. That is why we are organising an African uplift this year, and we will continue to do more.
Implementing the export strategy also requires us to implement the cyber-security export strategy, which relies heavily on UK Export Finance for direct lending, export refinancing and so on. If cyber-security exports are a genuine strategic priority, what proportion of UK export financing will be committed to its support?
UK Export Finance responds to the market. It is there to ensure that no viable British export fails for lack of finance. Therefore, predicting, let alone fixing, the percentage that will be put into any particular sector—even if it is a strategic priority for the Government —would, I think, be a mistake.
I am delighted to answer that question again. Our team in the north-west works with international trade advisers and partners across Greater Manchester to enable local exporters to showcase their products and services overseas, including through bespoke trade missions, events and the DIT digital platform. I welcome my hon. Friend’s invitation. We have an established export hub that travels the length and breadth of the UK to give face-to-face support and guidance to first-time exporters. I will ask our team to contact my hon. Friend’s office to explore areas of collaboration and I encourage colleagues from across the House to invite the export hub to their area.
I am grateful to my hon. Friend from Yorkshire who is right to highlight the outstanding contribution from the team in Barnsley. I will leave it to other Departments and Ministers to reply on whether or not a Yorkshire mayor would be the right thing to have, but what I can say is that we will continue to work together cross-party to promote business and employment across the Humber and Yorkshire region.
For the benefit of my constituents in Corby and east Northamptonshire will the Secretary of State take the opportunity to knock on the head this nonsense that the NHS will be up for sale in any future free trade agreement?