G20 Summit

Jeremy Corbyn Excerpts

Monday 3rd December 2018 Commons Chamber

[Jeremy Corbyn (Islington North) (Lab)]

I thank the Prime Minister for the advance copy of her statement. This G20 summit met 10 years after the global financial crash, and the 20 nations that control 85% of the world’s GDP have been too slow to reject the failed neoliberal economic model that caused the crisis in the first place, but there are signs of change. On Saturday, I attended the inauguration of a G20 leader, President López Obrador of Mexico, who has won a significant mandate for change to the corruption, environmental degradation and economic failure of the past.

Of course, some G20 countries have no such democratic mechanisms, so while economics are important, our belief in universal human rights and democratic principles must never be subservient to them. The Prime Minister—[Interruption.] The Prime Minister told the media she would—[Interruption.]

[Mr Speaker]

Order. Do be quiet; it is awfully boring and terribly juvenile—[Interruption.] Order. The Prime Minister was heard, and overwhelmingly with courtesy. The same will apply in respect of the Leader of the Opposition. It does not matter how long it takes; I have all the time in the day. That is what will happen. Please try to grasp this rather simple truth.

[Jeremy Corbyn]

Thank you, Mr Speaker. The Prime Minister told the media she would sit down and be robust with Crown Prince Mohammed bin Salman, the chief architect of the brutal war in Yemen, which has killed 56,000 people and brought 14 million to the brink of famine. The Crown Prince is believed to have ordered the murder of Jamal Khashoggi. Rather than be robust, as she promised, we learn that she told the dictator, “Please don’t use the weapons we are selling you in the war you’re waging,” and asked him nicely to investigate the murder he allegedly ordered. Leaders should not just offer warms words against human rights atrocities; they should back up their words with action. Germany, the Netherlands, Norway and others have stopped their arms sales to Saudi Arabia. When will the UK do the same?

On Ukraine, as NATO has said, we need both sides to show restraint and to de-escalate the situation, with international law adhered to, including Russia allowing unhindered access to Ukraine’s ports on the sea of Azov.

Britain’s trade policy must be led by clear principles that do not sacrifice human rights. The International Trade Secretary claimed last summer that a trade deal between the UK and the EU would be easiest in human history, but all we have before us is 26 pages of vague aspirations. It seems that neither has he got very far on the 40 trade deals he said he would be ready to sign on the day we leave next year, unless the Prime Minister can update us in her response. In the light of last week’s report from the Foreign Affairs Committee, how does she intend to ensure that the 240 export trade negotiators she promised by Brexit day will be in place, given that the Government have had two years and only 90 are currently in post?

Did the Prime Minister speak again to President Trump at the G20? He seems to have rejected her Brexit agreement because it does not put America first. The International Trade Secretary claimed that bilateral US and UK trade could rise by £40 billion a year by 2030,

“if we’re able to remove the barriers to trade that we have”.

The Prime Minister claims that under her deal we can and will strike ambitious trade deals, but this morning we learned that Britain’s top civil servant in charge of these negotiations wrote to her admitting that there was no legal guarantee of being able to end the backstop.

It is clear, however, that some in the Prime Minister’s Government do want to remove barriers. Just this weekend, the Environment Secretary said, with regard to the Brexit deal and workers’ rights, that

“it allows us to diverge and have flexibility”.

Our flexible labour market already means that the UK has the weakest wage growth of all the G20 nations. Did the Prime Minister ask the other leaders how they were faring so much better?

UK capital investment is the second worst in the G20. The previous Chancellor slashed UK corporation tax to the lowest level in the G20, telling us—[Hon. Members: “Hear, hear!”] In doing so, he told us it would boost investment. It did not. Did the Prime Minister ask other G20 leaders why, despite having higher corporation tax, they attracted much higher investment?

Given that the G20 is responsible for 76% of carbon dioxide emissions, I welcome the fact that building a consensus for a fair and sustainable development was a theme of the summit. Why then did her Government vote against Labour’s proposal to include the sustainable development goals as a reference point when the Trade Bill was put before Parliament earlier this year? If present trends continue, many G20 nations will not meet their Paris 2015 commitments, so I am glad that the Government will be pursuing this agenda at next year’s UN climate summit, and I hope that they will also pursue it this week in the talks in Katowice, Poland.

Given that climate change is the biggest issue facing our world, it is imperative that a sustainable economic and trade model be put forward that puts people and planet over profit. Our country has the lowest wage growth in the G20, the lowest investment and poor productivity. Ten years on from the global financial crisis, this Prime Minister and too much of the G20 have simply failed to learn the lessons of that crash.

[The Prime Minister]

The right hon. Gentleman ranged over a number of issues. Let me pick out some key ones.

First, as I have made entirely clear in my conversations with Crown Prince Mohammed bin Salman, in the Foreign Secretary’s conversations with King Salman himself, in my conversations with King Salman and in other interactions with Saudi Arabia, we have been absolutely robust in our response in relation to the terrible murder of Jamal Khashoggi, and very clear about the need for those responsible to be held to account.

The right hon. Gentleman referred to the war in Yemen. I might remind him that the coalition intervention in Yemen was actually requested by the legitimate Government of Yemen and has been acknowledged by the United Nations Security Council.

The right hon. Gentleman asked whether I had spoken to President Trump. I did speak to President Trump in the margins of the meeting. I was clear with him that we can indeed do a trade deal with the United States of America with the deal that is on the table with the European Union. We recognise that the working group that exists between the UK and the USA, which is looking at trade arrangements for the future, has been making good progress.

The right hon. Gentleman made various other references to issues relating to trade. Yes, I did discuss trade with a number of the other leaders I met. Prime Minister Abe of Japan made it very clear that he looked forward to being able to discuss the United Kingdom’s possible membership of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, and, indeed, that was echoed by others with whom I spoke at the G20 summit.

I am very interested that the right hon. Gentleman made so many references to trade. Of course, he used to want to do trade deals with other countries, and he put that in his manifesto, but just last week he said that he did not want to do trade deals after all. Trade deals will be important to the economy of this country in the future, and we are certainly committed to those trade deals around the rest of the world.

The right hon. Gentleman then talked about corporation tax. I might remind him that, yes, we have cut corporation tax, which has been of benefit to businesses, employers and jobs in this country, and guess what? We cut corporation tax, and we are raising more money from it. We have employment at record levels, and we are the first choice in Europe for foreign direct investment.

One thing that I omitted from my statement was that during some of the other conversations that I had with leaders of countries in South America, they were reflecting on the migration problem that is being caused by the terrible situation of the economy in Venezuela.