G20 Summit

Oliver Dowden Excerpts

Wednesday 7th September 2016 Commons Chamber

[The Prime Minister]

First of all, I do not recognise the picture the right hon. Gentleman sets out. The Secretary of State for Exiting the European Union very clearly set out that this is not a zero-sum game. As I have said in response to other questions, the Government are absolutely clear that we will go out there and get the right deal for the United Kingdom and that we are negotiating a new relationship with the EU.

[Oliver Dowden (Hertsmere) (Con)]

Is it not vital during this Brexit period that we maintain confidence? Is it not the case that with the opportunity to forge new global trade deals, with record low interest rates, and with the opportunity to free ourselves from burdensome regulation, now is a golden time to invest in the United Kingdom? Will the Prime Minister use forums such as the G20 to continue to make that case?

[The Prime Minister]

I am very happy to do so—I was doing so in Hangzhou at the G20 summit—but we must also welcome the vote of confidence that has been given in the United Kingdom since the vote to leave the EU. The single biggest vote of confidence came from the Japanese company SoftBank, with the £24 billion investment in ARM, but we have also seen investment from companies such as GlaxoSmithKline. This is a time to be confident about the British economy—the fundamentals of the British economy are strong—and we want to encourage that investment in the UK, which is exactly what the Government and I will be doing.