Business of the House

Iain Wright Excerpts

Thursday 7th March 2013 Commons Chamber

[Mr Lansley]

Yes, and, if I may, I will seek time, as it is our practice to do, to try to secure an opportunity for the House to consider matters recommended by Select Committees relating to House business. We will discuss that through the usual channels in the normal way, but I entirely recognise my hon. Friend’s point, although, as he will recognise, only in extremely rare circumstances will it be felt appropriate for such a statement to be made.

[Mr Iain Wright (Hartlepool) (Lab)]

The Leader of the House has already, in passing, mentioned exports and it is vital that economic recovery, when it finally comes, should be export-led. Sterling’s recent dramatic fall in value should, at the very least, help the competitiveness of our exports, but net trade actually fell in the last quarter and the Bank of England has described our trade performance as disappointing. May we therefore have a debate on the crucial subject of trade and exports to see how the Government can raise their game?

[Mr Lansley]

As the hon. Gentleman knows, the Government do not have a policy for the value of the pound in international markets. We have a policy to support growth, enterprise and employment in this country and we can see how employment has increased and how we are supporting the private sector in wealth creation through deregulation measures, the reduction of corporate tax rates and the dramatic increase announced by the Chancellor in access to investment allowances. There are issues with exports, particularly, as the hon. Gentleman will be aware, because of the dramatic reduction in demand in the eurozone, which is hitting so many economies that are dependent on it. At the same time, in the first two years of this Government, British exports of goods have increased by 47% to China, by 33% to India, by 33% to Brazil and by 134% to Russia. As he rightly says, we need therefore to focus on stimulating that activity. The Chancellor’s autumn statement gave very specific additional support to UK Trade & Investment to do exactly that.