Green Energy: Ports
Debate between Graham Stuart and Judith Cummins(1 year, 1 month ago)
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Oral Answers to Questions
Debate between Graham Stuart and Judith Cummins(4 years, 8 months ago)
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Graham Stuart
I thank my hon. Friend for his question, on which he is right. He is constantly championing the interests of his area, not least because of the need for regeneration. Free ports offer that opportunity. We are in constant talks with The Bristol Port Company, and I know that he is working closely with the West of England Mayor to make sure that that regeneration and the benefits of FDI are brought to his part of the country, with all the prosperity and employment benefits that that will bring.
Judith Cummins (Bradford South) (Lab)
The Minister will be aware of the concerns of businesses and, in particular, of producers supporting our regional economies about the impact of the proposed most favoured nation tariffs on their capacity to attract investment in new technology that is essential for our transition to net zero. What assessment has he made of the impact of the proposed measures on the UK’s attractiveness as a destination for investment, particularly in new green technology?
Graham Stuart
I thank the hon. Lady for her question. The consultation closes tonight and we are determined to get the right balance. We are clear that we are going to have a tariff regime that benefits UK consumers and business, and allows us to align ourselves most effectively to where 90% of global growth is expected by the International Monetary Fund to be in the next five years or so, which is outside Europe.
Judith Cummins
I thank the Minister for that answer, but he is not addressing the specific concern that the tariff schedule could hurt domestic producers by stifling FDI in precisely the places in the country that need it most. Are the Government really going to ignore industry concerns, potentially costing jobs?
Graham Stuart
I would have hoped that, after sufficient time in the House, the hon. Lady might have understood how a consultation worked. The consultation closes today, and I cannot comment on a consultation that has not yet closed. What I can tell her is that, as she will be delighted to hear, under this Government the UK has attracted more FDI than any other country in Europe. Indeed, we have attracted more FDI in aggregate than Germany and France combined. If she and her colleagues on the Labour Front Bench were to support business and enterprise in the way we do, instead of opposing them, we might see more jobs and prosperity.
Oral Answers to Questions
Debate between Graham Stuart and Judith Cummins(4 years, 10 months ago)
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Graham Stuart
My right hon. Friend is absolutely right. It is about tailoring the policy to the particular, ensuring we have something that does not lead to distortion but does lead to additional inward investment. We have gained more foreign direct investment in this country than any other European nation. That is one of the fundamental reasons why we have more people in work as a percentage of the population than the US, Germany or France, and why we have the lowest youth unemployment in our history. I am determined that the free port policy will be well-tailored to the individual circumstances of each area, while ensuring there is no distortion.
Judith Cummins (Bradford South) (Lab)
As the Minister will know, free ports existed in this country until 2012, when they were abandoned under the coalition Government due to a lack of evidence for their economic benefits. Will the Minister guarantee that if new free ports are introduced, jobs and investment will not simply be displaced from elsewhere in the country, labour rights and standards will not be undermined, and the UK will still be able to meet the level playing field standards that may arise from any future trade deal with the EU?
Oral Answers to Questions
Debate between Graham Stuart and Judith Cummins(6 years, 4 months ago)
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Graham Stuart
I am happy to give those assurances, but earlier this week we saw the Scottish National party—the hon. Gentleman’s party, under his leadership in this area—vote against a deal that fully supports the continuity of existing protections. It is interesting that the Scotch Whisky Association and all the thousands who work in the Scotch whisky business strongly support that deal, whereas the SNP opposed it.
Judith Cummins (Bradford South) (Lab)
In May it was reported that the Department was to axe hundreds of jobs in trade promotion—up to 10% of the workforce. The Treasury has since hinted that additional funding is available to safeguard such jobs, but we have heard that the cuts are still happening. Surely the Secretary of State agrees that axing officials whose job is to promote British exports is not the best way to build a “global Britain”. Will he therefore confirm that his Department has not, and will not, cut those jobs?
Graham Stuart
The truth is that the Department is growing. It is less than two years old and it is building its capacity. Today I announced the appointment of a new director general for investment, we recently announced the appointment of a director general for exports, and, of course, we are soon to complete the appointments of eight HM trade commissioners around the world, who will deploy our resources to best effect.