Oral Answers to Questions Debate
Full Debate: Read Full DebateHarriett Baldwin
Main Page: Harriett Baldwin (Conservative - West Worcestershire)Department Debates - View all Harriett Baldwin's debates with the Department for Business and Trade
(2 days, 16 hours ago)
Commons ChamberThe Government are far from supporting small businesses to export. Businesses of every size, up and down the country, are failing at a rate not seen since the 2008 financial crash, when Labour was last in power. Confidence is slumping, family businesses are closing, millionaires are fleeing the country—and that is before tariffs hit. What representations is the Minister making to the Chancellor about reversing some of the measures that hit business in her Hallowe’en Budget?
I had thought that one of the first contributions from the Opposition Front Benchers today would be to celebrate the £1 billion investment by IKEA in the UK. It is opening its flagship store on Oxford Street today, and committing to a range of investments in other towns and cities across the UK. When the hon. Lady was on the Treasury Committee, I do not know whether she looked at the cuts the previous Government made to help for small businesses in getting their goods into new markets. We are taking active steps to increase the opportunities for small businesses in overseas markets.
It is good to hear that the trade negotiations with India, which began when we were in government, are progressing well. There must surely now be an opportunity to reopen talks with Canada, so it can buy more wonderful cheese from the UK. With the tariff clock ticking, I am sure the Secretary of State recognises that the US deal is the most urgent; many UK jobs are at risk. However, we heard recently from the Chancellor, when she was in the States, that her bigger priority is discussions with the EU, where we already have zero tariffs and zero quotas. Does the Secretary of State share the Chancellor’s priorities, or does he think the US is more urgent?
I thank the hon. Lady for the earlier part of her comments. She is right that we wanted the previous Government to secure the India FTA, and we were willing to support them fully in doing that, but they were unable to get it across the line. With Canada, there are issues, particularly around agriculture, that are similar to those involving the US, so that may be more of a challenging negotiation.
The entirety of this Government, however, have been clear that we are not seeking to pick between one market and another—both are absolutely fundamental. The Chancellor’s comments specifically relate to the simple truth that there is a much greater quantum of UK-EU trade than UK-US trade. Equally, though, in all these negotiations, we have to focus on not just what can be done quickly, but what can be done right and in the national interest. There is no point securing an agreement that does not deliver on our objectives, no matter whom that agreement is with.
We will welcome any support from the Conservatives for the work we are trying to do. I do believe it is easier politically for this Government to do some trade agreements that are available to the UK; some may not have been politically available to the Conservative Government. We will continue to do that work, and we welcome all support for it, from across the House.
The Product Regulation and Metrology Bill, which is about to start its Committee stage in the House, may sound a little dry, but it would give the Secretary of State unfettered power to sign up to dynamic alignment with the European Union at the 19th summit. Given that voters are going to the polls today, will the Minister take the opportunity at the Dispatch Box to rule out the UK becoming an EU rule-taker?
I am slightly worried that the question adds two and two and gets about 97. The Bill recognises that we have to find a way forward on standards with the European Union, but to try to overlay what is, as the shadow Minister says, a necessary and somewhat dry technical piece of legislation with the policy agenda that she alludes to is simply wrong.