Oral Answers to Questions

Nick Thomas-Symonds Excerpts

Thursday 23rd March 2023 Commons Chamber

[Mr Speaker]

I call the shadow Minister.

[Nick Thomas-Symonds (Torfaen) (Lab)]

I join the Minister in wishing the whole House a happy Ramadan.

It is great finally to see the critical minerals strategy, but, as the Minister indicated in her answer, long-term, durable access to minerals is also dependent on our wider strategic trade policy. The Government have failed in their objective of ensuring that 80% of our trade is conducted under free trade agreements. In addition, the Office for Budget Responsibility says that our exports are projected to fall by 6.6% next year. How does she propose to integrate her critical minerals strategy with our wider trade policy? How much will that 6.6% fall in exports cost the UK economy in cash terms?

[Ms Ghani]

I only recently published the critical minerals refresh and I was expecting some sort of positive response, given how it is integrated internationally; it deals with the threats of China and works with the Inflation Reduction Act 2022 in the United States. But of course the Opposition use any reason to dampen a positive step forward for all of our manufacturing sector across the country. UK exports to Europe amounted to £386.9 billion in the four quarters to the end of 2022, which was an increase of 25%—I think that is an increase, not a decrease.