UK-China Economic and Financial Dialogue Debate

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Department: HM Treasury

UK-China Economic and Financial Dialogue

Martin Vickers Excerpts
Tuesday 14th January 2025

(1 day, 13 hours ago)

Commons Chamber
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Rachel Reeves Portrait Rachel Reeves
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Many of the benefits that we secured last week were for the financial services sector, and both Edinburgh and Glasgow are important hubs of financial services in the UK. Businesses such as Abrdn and Standard Chartered, which were on the delegation with me, have welcomed the tangible benefits, which will result in more jobs and more economic prosperity in Scotland and across the United Kingdom.

Martin Vickers Portrait Martin Vickers (Brigg and Immingham) (Con)
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It has been reported that the Chancellor was going to meet the owners of British Steel in China. Many of my constituents work at the Scunthorpe steelworks. While I appreciate that Ministers may not have reached a final decision on the steelworks, is she able to give reassurance to my constituents that she has had constructive engagement?

Rachel Reeves Portrait Rachel Reeves
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My right hon. Friend the Business Secretary has met Mr Li, from Jingye, on a number of occasions. Talks are ongoing, but I am not able to provide an update on that today.