(2 years, 9 months ago)
Commons ChamberThe hon. Member calls on us to double or treble renewables. That is not good enough. We are going for the quadrupling—the quadrupling—of our offshore wind capacity in this decade. It is already the largest in Europe. We are not just doubling or tripling —we are quadrupling that capacity.
Around 85% of the beautiful constituency of Thirsk and Malton is covered by shale gas exploration licences, and we will need gas for many decades into the future, so, in principle, I am not against it. I happen to think that it would be easier to do exploration in the North sea. The energy experts who spoke to the Treasury Committee yesterday were clear that one thing hampering that is the lack of willingness from our banks to extend moneys to invest in exploration, because they are focusing on environmental, social, and governance goals rather than the national interest. Will my right hon. Friend work with the Treasury to make sure that our banks do support exploration because we will need this gas into the future?
I thank my hon. Friend for that incredibly important question. I agree with him: in principle, I am not against shale gas either. He also raised the important question about banks and lending, particularly to the North sea. Let me be absolutely clear from this Dispatch Box: this Government welcome continuing investment in the North sea. That is absolutely part of our energy security and part of our energy resilience. If there is any further sign that banks need a signal from the Government—either from the Department for Business, Energy and Industrial Strategy or the Treasury—let me send that signal today: we want to see continuing investment in our UK continental shelf.
(3 years, 6 months ago)
Commons ChamberEmploying 17 million people and generating £2.3 trillion in turnover, small and medium-sized enterprises are vital to increasing UK trade. That is why we are continuing to seek SME chapters and SME-friendly provisions throughout all our free trade agreements. Outside the SME chapter, the wider benefits of the agreements—for example, reducing customs costs, supporting intellectual property rights, facilitating mutual recognition of professional qualifications and increasing regulatory transparency—will help to level the field between SMEs and large businesses.
(3 years, 7 months ago)
Commons ChamberUrgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
Each Urgent Question requires a Government Minister to give a response on the debate topic.
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I thank my hon. Friend for that question. He is hugely knowledgeable of this sector, especially in relation to agriculture, and I respect that. I am pleased that he welcomes the deal overall. The deal is not done yet, which is the first important thing to recognise. There is no text in front of us to scrutinise. The reconstituted Trade and Agriculture Commission will be set up soon and definitely in good time to scrutinise this deal. When it comes to safeguards, again that will be specified in the free trade agreement, but typically it will allow either party temporarily to increase tariffs or to suspend liberalisation in the event of an unexpected or unforeseen substantial increase in imports. Again, it is normal that, in a free trade agreement, those safeguards are in place.
Contrary to what the right hon. Member for Islington South and Finsbury (Emily Thornberry) said, I am not a member of a right-wing think tank; I am the son of a farmer and I represent a farming constituency. Nevertheless, I am very supportive of any trade deal with Australia that maintains a fair and level playing field. Will my right hon. Friend set out what exact role the Trade and Agriculture Commission will play in making sure that that is the case?
I thank my hon. Friend, not least for his expertise in this sector. The role of the Trade and Agriculture Commission is set out in statute in both the Agriculture Act 2020 and the Trade Act 2021. We are expecting it to be set up soon, and we also have to respond to the report from the original Trade and Agriculture Commission set up last summer. I would expect it to be a panel of experts who will provide this Parliament—both Houses—with expert insight into the terms of this or any other free trade agreement, particularly in relation to agriculture and standards.
(3 years, 11 months ago)
Commons ChamberOur chemicals industry is extremely important and we are well aware of the issues in the industry with all its trade partners. I remind the hon. Gentleman that the EU deal is the responsibility of the Chancellor of the Duchy of Lancaster, but I am sure that the chemicals industry will make its voice heard at the Brexit business taskforce. The Government stand ready to assist the industry, which, as the hon. Gentleman rightly says, is vital for our future prosperity.