Kirsten Oswald
Main Page: Kirsten Oswald (Scottish National Party - East Renfrewshire)Department Debates - View all Kirsten Oswald's debates with the HM Treasury
(1 year, 3 months ago)
Commons ChamberMy right hon. Friend is absolutely right. Resilience is a strong word, and thanks to the actions that this Government have taken over the past six months, the Office for Budget Responsibility has confirmed that the UK is now expected to avoid a recession this year.
The UK has grown faster than France and at a similar rate to Germany since leaving the single market. It remains challenging to separate the effects of Brexit and wider global trends on the UK economy, such as the invasion of Ukraine by Russia, adding pressures to trade, prices and the wider economy. We continue to support businesses trading with the EU and help them to seize new opportunities with fast-growing economies around the world, including through our free trade agreement negotiations.
Happy Europe Day, Mr Speaker. In recent months, we have seen tech companies attack Brexit. The world-leading chip company Arm opted to float stock only in the US because of how bad a place the UK is to do business, so we have culture, tourism, the NHS and now tech all suffering because of Brexit. How grateful does the Minister feel that the Leader of the Opposition has dropped his and his party’s principles and are supporting this costly Brexit?
Crikey, I am going to leave it to the Leader of the Opposition to flip-flop his way through that particular policy. What I can tell the hon. Lady is that we are the best place in Europe to invest in tech. We are only the third economy in the world with a $1 trillion tech sector; we are ranked as the world’s fourth most innovative economy; and we have created more unicorns than France and Germany combined.