China: Supply Chains

Lord Truscott Excerpts

Wednesday 1st July 2020 Lords Chamber

[Lord Grimstone of Boscobel]

The noble Lord makes some strong points. My department is considering import dependency and will continue to analyse imports, including from China, to determine whether the UK is particularly reliant on certain of our trading relationships. Project Defend is looking at our trading relationships with a range of international partners. It will analyse critical supply chains for a range of non-food items in addition to medical supplies. We will continue working to keep trade flowing by reducing tariff and non-tariff barriers and through our programme of FTAs.

[Lord Truscott (Ind Lab) [V]]

My Lords, yesterday, in his neo-Keynesian “spend, spend, spend” speech in Dudley, the Prime Minister said that he was not a Sinophobe but that

“we need to … protect critical infrastructure from hostile vendors”.

Can the Minister tell your Lordships’ House whether this now includes China and, if so, will Her Majesty’s Government let China build new nuclear power stations at Bradwell and Sizewell?

[Lord Grimstone of Boscobel]

My Lords, in general, as an open economy, we welcome foreign trade and investment where it supports UK growth and jobs. We do not accept investment that will compromise our national security. The noble Lord will be aware that the nuclear industry is one of our most highly regulated industries. He can rest assured that we would not accept any involvement from any party that did not meet our strict criteria.