Oral Answers to Questions

Debate between Greg Hands and Jeremy Quin

Thursday 11th January 2018 Commons Chamber

[Jeremy Quin (Horsham) (Con)]

7. What assessment he has made of the potential effect of trade deals between the UK and developing countries on the economies of those countries.

[The Minister for Trade Policy (Greg Hands)]

The UK is proudly spending 0.7% of gross national income on overseas development assistance—the first G7 country to honour its promise to do so. We are also committed to ensuring that developing countries can use trade as an engine of poverty reduction, and trade agreements play an important role in that. Our priority is to ensure that developing countries maintain their preferential access to the UK market as we leave the EU.

--- Later in debate ---

[Jeremy Quin]

But I also recognise the wisdom of the Minister’s answer, Mr Speaker, and I am grateful for it. I share his aspirations. Will he please remind the House what he will do to give those aspirations legislative effect?

[Greg Hands]

The Taxation (Cross-border Trade) Bill, which had its Second Reading on Monday, provides exactly for the scheme of preferences to be taken across into UK law. I find it extraordinary that the Opposition parties voted against it. They voted against the UK having its own trade preferences scheme for developing countries. That is a disgrace. I very much hope that they will reconsider their position as the Bill passes through the House of Commons.

Oral Answers to Questions

Debate between Greg Hands and Jeremy Quin

Tuesday 1st March 2016 Commons Chamber

[Greg Hands]

I welcome the hon. Lady’s support for deficit reduction. It is good to have her back. I must remind her, however, that in the last Parliament she voted against virtually every single deficit reduction measure the Government took. We have a big programme of infrastructure investment worth £100 billion over the course of this Parliament, which includes transport infrastructure and other measures that will help her constituents and people across the country.

[Jeremy Quin (Horsham) (Con)]

As the IMF has just been mentioned, does the Chief Secretary agree that its statement last week that we have

“delivered robust growth, record high employment, a significant reduction in fiscal deficits, and increased financial sector resilience”

is all good news that we should be welcoming? There is more to be done and I wonder whether he is looking forward to the pearls of wisdom that might come from the Opposition, now that they have the benefit of Mr Varoufakis.

[Greg Hands]

The IMF has been clear in its endorsement of the charter for budget responsibility:

“The transparency of the new rule—with a focus on headline balances and a simple and well-defined escape clause in the event of very low growth—is welcome.”

It goes on to commend us on having the “appropriate level of flexibility” in the charter. In respect of any external advisers that are taken on by the Labour party, it would appear from The Sun this morning that Labour MPs are extremely unhappy—