Tuesday 1st February 2022

(2 years, 9 months ago)

Lords Chamber
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Lord Grimstone of Boscobel Portrait Lord Grimstone of Boscobel (Con)
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I agree with the noble Lord. Harmonious arrangements and harmonious affairs between nations are the way to increase trade and investment, and we all benefit from that. Let us hope that harmony is restored in these important matters.

Lord Moylan Portrait Lord Moylan (Con)
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My Lords, let the European Union be as protectionist as it wishes. Does my noble friend the Minister accept that it is for the benefit of British consumers and manufacturing businesses to have access to imports from the rest of the world at the lowest cost and with the least bureaucracy and fuss? Do the Government have a plan for making this easier?

Lord Grimstone of Boscobel Portrait Lord Grimstone of Boscobel (Con)
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My noble friend raises an important point. We are absolutely committed to ensuring that businesses get the support they need. It is very interesting that, in 2021, trade with non-EU nations fared relatively better than trade with the EU. Goods imports from other countries exceeded the value of goods imports from the EU for the 10th month in a row. This is global Britain in action.