Oral Answers to Questions

Debate between Greg Hands and Felicity Buchan

Wednesday 20th April 2022 Commons Chamber

[Felicity Buchan (Kensington) (Con)]

T8. Does my right hon. Friend agree that, in order to achieve net zero by 2050, we need to transition from North sea oil and gas, but very importantly, this is a transition and not an extinction, as many parties opposite are calling for?

[Greg Hands]

My hon. Friend is absolutely right. It is vital that we have a North sea transition; that is the purpose of the Government’s North sea transition deal and that is what we are delivering on with the sector. Some Opposition parties want to see an extinction. That would not be in the nation’s interest and would only lead to a rise in imported hydrocarbons, which is also not in our interests at this time.

Oral Answers to Questions

Debate between Greg Hands and Felicity Buchan

Thursday 15th April 2021 Commons Chamber

[Felicity Buchan (Kensington) (Con)]

What steps she is taking to promote professional business services in free trade agreements.

[The Minister for Trade Policy (Greg Hands)]

The UK is a world leader in professional business services and the second biggest exporter of PBS globally, with a trade surplus of £33 billion in 2018. To support this important and diverse sector, we are seeking ambitious FTA commitments in cross-cutting areas like mobility and digital, as well as tackling specific behind-the-border regulatory barriers such as recognition and professional qualifications.

[Greg Hands]

DIT has very active participation in the current helplines for businesses facing issues in exporting to the EU. We participate, of course, in the Brexit business taskforce, we provide a DIT internationalisation fund for those looking to export, and we have 300 international trade advisers across the country and at posts right across the European Union. This is a whole-of-Government effort, and, as I said earlier, the data are starting to show encouraging signs of a recovery in our trade.

[Felicity Buchan]

Many of my Kensington constituents work in professional services, whether financial services, law, consulting or accountancy. These industries account for a huge amount of gross value added to our economy. Can my right hon. Friend assure me that the professional services sector will be at the forefront of our minds in negotiating future trade deals?

[Greg Hands]

My hon. Friend and neighbour puts it extremely well. Professional business services are vital for her constituency, for mine and for the whole country. Around 79% of gross value added and 80% of employment in this country is in services. As she knows, we secured special provisions for legal services in the EU agreement. I meet regularly with bodies such as TheCityUK, the City of London Corporation, UK Finance, the Royal Institute of British Architects, the Institute of Chartered Accountants in England and Wales, the Law Society, the Bar Council and others to ensure that professional business services are right at the heart of the UK’s trade agenda.

Continuity Trade Agreements: Parliamentary Scrutiny

Debate between Greg Hands and Felicity Buchan

Tuesday 17th November 2020 Commons Chamber

[Greg Hands]

As I pointed out earlier, we have we added quite a lot and gone beyond the CRaG process to ensure that Parliament is incredibly well informed. Over the course of this year, we have had many debates and published many documents, impact assessments, economic assessments and now reports on individual trade agreements. Parliament has been kept very well informed. When it comes to public distrust, the data shows that the UK public remain strongly in support of free trade.

[Felicity Buchan (Kensington) (Con)]

As my right hon. Friend and neighbour knows, I am Scottish born and bred. Will he confirm that we will look to put in place deals that benefit all four nations of the United Kingdom and all regions?

[Greg Hands]

I thank my hon. Friend and parliamentary neighbour for that question. We will always take the time necessary to negotiate the right deals that work for all nations of the United Kingdom and for all the regions of England, including our own region of London, as witnessed by the UK-Japan deal and the importance that that gives to UK financial services, which I know are very important to her constituents and mine.