Asked by: Luke Myer (Labour - Middlesbrough South and East Cleveland)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what assessment he has made of the potential implications for his policies of the trade deficit.
Answered by Chris Bryant - Minister of State (Department for Business and Trade)
In the 12 months to February 2026, the UK trade deficit (excluding precious metals) was £14.8bn, comprising a £210.1bn trade in services surplus, and a £225.0bn trade in goods deficit. The UK trade deficit (excluding precious metals) has remained broadly similar year-on-year, and stood at £14.9bn in the 12 months to February 2025 (ONS, 2026).
The Department for Business and Trade’s primary objective is to promote economic growth. As set out in Industrial and Trade Strategies published in 2025, we seek to improve UK productivity and competitiveness, strengthen our export capability, attract inward investment, and support resilient supply chains.
Asked by: Luke Myer (Labour - Middlesbrough South and East Cleveland)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what steps he is taking to ensure that his Department's trade policies promote resilience in (a) steel, (b) energy, (c) advanced manufacturing and (c) other strategically important domestic supply chains.
Answered by Sarah Jones - Minister of State (Home Office)
This government recognises the importance of secure and resilient supply chains to the UK’s growth and economic security. DBT is strengthening the UK’s resilience both through sector programmes and the upcoming Trade and Industrial Strategies. These Strategies, which are unreservedly pro-business, will outline more on our plans for resilience-building, including in the growth and foundational sectors targeted by the Industrial Strategy.
In collaboration with business, we are already acting to bolster the resilience of key UK industries, for example reviewing all options to ensure a secure future for our domestic steel industry and building a globally competitive electric vehicle supply chain through the Automotive Transformation Fund.
Asked by: Luke Myer (Labour - Middlesbrough South and East Cleveland)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what steps his Department is taking to support the growth of the (a) electric vehicle and (b) lithium salts supply chains.
Answered by Sarah Jones - Minister of State (Home Office)
We support the Automotive sector via the Automotive Transformation Fund to build a globally competitive electric vehicle supply chain, including gigafactories and their supply chains. The Budget committed over £2 billion of capital and R&D funding to 2030 for zero emission vehicle manufacturing and supply chains. We will set out more information on this in due course as part of the Industrial Strategy.