(2 days, 14 hours ago)
Commons ChamberThank you, Mr Speaker, for helping to ensure that this moment was possible. Let me add my congratulations to my right hon. Friend and to His Majesty’s ambassador in Washington, Lord Mandelson, for getting this deal done. It would appear tonight that a small, common-sense retreat on duties and agriculture have unlocked a major reprieve for tens of thousands of jobs in our car and steel industry.
Will the Minister clarify for us tonight when those tariff reductions will kick in? Will he confirm that there is nothing in this bargain that compromises our ability to strike the boldest of resets with the European Union? It would be a mistake to strengthen transatlantic relationships and then short-change cross-channel possibilities. Can the Minister confirm that he will facilitate a debate in this House, if not a vote on the treaty?
On Tuesday, I will recommend to the Select Committee that we commence a full inquiry into this treaty, so that we can report back to the House, but a vote would help us understand who stands where in standing up and protecting British jobs.
Let me begin by paying tribute to my right hon. Friend’s long-standing interest in Jaguar Land Rover and the wider west midlands economy and to the diligent and demanding work he does on the Business and Trade Committee, which makes a major contribution to not only trade policy but business policy here in the United Kingdom.
To clarify the point my right hon. Friend made on the auto industry, the UK exports around 100,000 cars a year to the United States, and this quota will ensure that most manufacturers now pay the preferential rate. The agreement has removed the 25% tariff that the US applied to UK cars on 2 April. The agreement has been welcomed by the UK auto industry in the last couple of hours, including by Jaguar Land Rover, which is the largest exporter to the US. We are committed to continuing to support the automotive industry, which is a point my right hon. Friend has made powerfully in recent days.
On his second point, I can assure my right hon. Friend that notwithstanding the significant progress we have made in relation to the United States—as I said, jobs saved but job not yet done—a great deal of work is continuing on the UK-EU summit that is due to take place on 19 May. He is right to recognise the importance of twin-tracking our approach, as it were, by recognising the salience and significance of the United States as the country that is comfortably our largest single trading partner while recognising the European Union as our largest trading bloc, which covers about 46% of our trade.
Turning to the economic security aspects of the deal, I pay particular tribute to the work of my right hon. Friend, as I know this issue has been of great interest to the Business and Trade Committee. I think he will take a lot of encouragement from what emerges in the agreement, specifically in relation to export controls and investment security. One might almost think that the negotiators had been reading his Substack.
(1 week, 2 days ago)
Commons ChamberToday the Select Committee writes to the Secretary of State to supply our response to his consultation on how we should respond to American tariffs. We have heard widespread consensus that there should not be retaliatory tariffs and that the approach the Government are pursuing is right, but we have also heard real concerns especially in the automotive industry among those big exporters to America and, crucially, their supply chains. Can the Secretary of State reassure the House that he is readying support packages across Government to ensure that our automotive sector does not run into serious trouble if we cannot get a deal with America soon?
(1 week, 2 days ago)
Commons ChamberMy hon. Friend the Member for Stoke-on-Trent Central (Gareth Snell) is an enormous champion of the ceramics industry, and he is right to bring this question to the House today, but this issue is wider than simply the ceramics sector. Tata Steel has told our Committee that energy prices are the single biggest factor in its lack of competitiveness, and Nissan has told us that electricity prices at its plant in Sunderland are the highest of any Nissan plant in the world. We have recommended that the Government bring energy prices in line with our European competitors; can the Minister tell us today that she shares that ambition?
I thank my right hon. Friend the Committee Chair for his question. Of course this is a huge issue. Under the previous Government, industrial energy prices doubled, and as my right hon. Friend says, we have higher prices than many other countries. The 3,000 people who responded to our consultation on the industrial strategy said that energy, skills and access to finance were their top three issues, so we are absolutely aware of the issue. We are looking at what support we can provide and how we can make our country more competitive, both for the people who are looking to invest in the UK and for our existing manufacturing base.
(4 weeks ago)
Commons ChamberThe right hon. Gentleman may well be right, but this is the second key point that I want to land: the truth is that Jingye is a mess. It has failed to publish accounts since 2021. Two auditors have resigned; one cited material concerns about the company’s ability to remain a going concern. Inventories cannot be verified. Cash-flow statements are missing. The company is not acting in good faith, and that is why the Secretary of State is right to take the powers that he is asking for today.
It is clear that the escalating trade war between China and the United States created the imperative to act today. It is clear that Jingye was about to move primary steelmaking capability from Scunthorpe back to China and merely use the downstream mills in Scunthorpe. That may have been good for China’s economic security, but it is not good for Britain’s national security, and that is why we need to give the Secretary of State the powers that he is asking for.
The options on the table are very simple. The Secretary of State could do nothing and watch the furnaces close; he could hope, but hope is not a strategy; or he could act, as he has done today. He has acted with strength and made a decision in the long-term interests of our country, and the House should give him its full and unabated support.
(1 month, 3 weeks ago)
Commons ChamberPresident Trump’s new tariffs are double trouble for Britain’s steel and aluminium suppliers. They will dent £350 million of sales, but they also risk swamping the UK with over-subsidised Chinese steel diverted from America. What is the Secretary of State’s game plan now to redouble defences for our UK metal makers?
(2 months, 4 weeks 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.
This information is provided by Parallel Parliament and does not comprise part of the offical record
What is essential now is that this does not escalate. Widespread duties on UK exports to the US would be devastating for economic growth, bad for inflation and bad for interest rates. The whole House ought to wish His Majesty’s new ambassador, Lord Mandelson, the very best of luck in the conduct of his new tasks in Washington. What flexibility will the Minister allow on increasing funding to UK steelmakers through the steel strategy if they confirm that that is essential to maintain a sovereign capability in this country?
I am grateful to my right hon. Friend for his generous words about the incoming UK ambassador to Washington, who—notwithstanding his commitment at the weekend to fly under the radar—is already in post and is making necessary calls. He is but one of the key interlocutors we have established with the incoming Administration, and—reflecting the earlier questions that we were asked—we are already actively engaged with the US Administration.
More broadly on the approach to the UK steel industry, my friend and colleague the Minister of State for Industry is this afternoon meeting representatives of the steelmaking trade unions and representatives of the principal steel companies in the United Kingdom. The Secretary of State will further that dialogue in the next 24 hours. There has already been outreach to the UK Steel trade body. In relation to the commitment for the steel strategy that we are due to unveil in the spring, I can assure my right hon. Friend that there is already a very active dialogue that will incorporate issues related not just to potential tariffs but to the risks of trade diversion, and to the substantive issues that he raises.
(5 months, 1 week ago)
Commons ChamberThis is indeed a hard day for Luton. I welcome what the Secretary of State shared with the House, and the review of the zero emission mandate that he announced. In that review, I hope that he looks again at the perversities of the regime that he inherited, which could involve petrol engine makers in this country transferring credits to companies like Elon Musk’s Tesla, and to Chinese EV makers. If we really want to ensure a level playing field, why do we not reverse the decision of the last Secretary of State, follow the EU Commission and launch anti-subsidy investigations into Chinese EV makers? The Trade Remedies Authority is ready to go—it just needs the Secretary of State to give the green light.
I am grateful to the Chair of the Select Committee, including for the exchanges that we had in the Committee evidence session yesterday. He is right that because of the position we inherited—the issues with the flexibilities in the policy and the fact that no domestic producer is on track—the transfer he described is effectively the problem. That is why I say that decarbonisation cannot mean deindustrialisation. It is precisely what we inherited that we are critiquing. We do not want to undermine the transition in the way the previous Prime Minister did—anyone in industry in the sector could tell Conservative Members how disastrous that was—but we need to give a breathing space, and ensure that the policy has none of the perverse incentives that he described.
On subsidies, the Trade Remedies Authority and the potential response from the UK, we have to bear in mind two things. First, under the system that we inherited, industry makes the application. I have powers to do that, as Secretary of State, but they have never been used, to my knowledge. Secondly, we must remember that the UK automotive sector is a world-class, export-led sector. If we were to go down any kind of protectionist route on principle, we would have to bear in mind what it would mean for the markets we sell vehicles into. If we sell 80% of our product abroad, we have to consider the international export position, alongside the domestic market position. If industry makes that request, of course that request will be followed up, in accordance with the way the system operates.
(6 months, 1 week ago)
Commons ChamberOn Tuesday, we will hear from Sir Alan Bates and other victims of the Horizon scandal, which continues to deepen. In September, we learned that there will be 100 more convictions quashed than we originally thought, and yesterday the bill for redress went up by half a billion pounds. Have all the victims now come forward, and are there any gaps left in the schemes for redress?
(7 months, 4 weeks ago)
Commons ChamberI am not yet Chair of the Committee, Mr Speaker, but fingers crossed. I welcome the Secretary of State’s announcement. I hope the whole House will recognise that what he has brought us today is not a set of sound bites but a strategy. In the long term, that strategy will benefit from a stronger cross-party consensus, so I hope that it can be the subject of a future Select Committee inquiry.
The Secretary of State puts his finger on the key issue: to safeguard the future of the steel industry, we need to de-risk the demand for steel in this country. What reassurance can he give the House about how we will use procurement and, crucially, the creation of a bigger offshore wind industry in this country to drive demand that will keep the furnaces going at Port Talbot and elsewhere? This country pioneered steelmaking; now we need to reinvent its future.
Order. May I say to Members, especially senior Members, that when they speak facing the opposite direction from where I am sitting, I cannot hear what they say? Please, speak towards the Chair. That is how we keep neutrality working as well.
(9 months, 1 week 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.
This information is provided by Parallel Parliament and does not comprise part of the offical record
I welcome the answer provided by my hon. Friend. He will remember that, when the Select Committee reported just four or five months ago, we noted that 80% of the budget for redress had not been paid out. We suggested to the now shadow Secretary of State a number of measures to put into the Bill to speed up the process. Those amendments were rejected. Can the Minister now assure us that he has a grip on this and that we will now begin to see cheques in the post much faster?
Order. May I just say that Members should speak through the Chair, not to the Minister? As an established Member of this House, I am sure that the right hon. Gentleman would not want to start on the wrong foot with me.