15 Peter Bone debates involving the Department for Business, Energy and Industrial Strategy

Mon 28th Feb 2022
Thu 15th Jul 2021
Wed 3rd Jun 2020
Corporate Insolvency and Governance Bill
Commons Chamber

2nd reading & 2nd reading & 2nd reading: House of Commons & 2nd reading
Thu 24th May 2018
Marks & Spencer
Commons Chamber
(Urgent Question)
Mon 6th Mar 2017
Mon 20th Feb 2017

Points of Order

Peter Bone Excerpts
Monday 28th February 2022

(2 years, 1 month ago)

Commons Chamber
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Nigel Evans Portrait Mr Deputy Speaker (Mr Nigel Evans)
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I am grateful to the right hon. Member for giving me forward notice of her point of order. Clearly, this is an incredibly distressful time for so many people, but the Chair does not audit the accuracy of what hon. Members, including Ministers, say in the Chamber. Having said that, those on the Government Front Bench will have heard the right hon. Member’s point of order and, if the record needs to be corrected, I am sure it will be. Should a Home Office Minister or the Home Secretary want to come to the House and make a statement later today or at some stage in the future, the House will be notified in the usual way.

Peter Bone Portrait Mr Peter Bone (Wellingborough) (Con)
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On a point of order, Mr Deputy Speaker. I apologise for not having given you prior notice; the reason is that, while the Secretary of State has announced emergency legislation for tomorrow, as far as I am aware we have had no business statement changing tomorrow’s business, and I do not know how amendments will be made. Will a statement be made today so that the House will know how it can deal with tomorrow’s urgent business?

Nigel Evans Portrait Mr Deputy Speaker
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I will just check with the people who know what is going on. It may well be that there will be a business statement either later today or very soon, in order to facilitate the business that the Secretary of State has announced.

Nigel Evans Portrait Mr Deputy Speaker
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So it will appear on the Order Paper in the usual way.

Peter Bone Portrait Mr Bone
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Further to that point of order, Mr Deputy Speaker. I am sorry, but I thought we were told that the House was expecting emergency legislation tomorrow. It seems that this is not going to happen tomorrow and I have perhaps misunderstood.

Kwasi Kwarteng Portrait Kwasi Kwarteng
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Further to that point of order, Mr Deputy Speaker. As my hon. Friend knows, there are three different stages to a Bill—introduction, publication and then Second Reading and further stages—so Second Reading will not be happening tomorrow.

Corporate Transparency and Economic Crime

Peter Bone Excerpts
Monday 28th February 2022

(2 years, 1 month ago)

Commons Chamber
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Kwasi Kwarteng Portrait Kwasi Kwarteng
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Dare I say it, but I have been a Member of this House for long enough not to bring a bag for praise—or whatever the phrase the hon. Gentleman used. I was not expecting that. What I do want to engage with him on is the fact that we are speaking to counterparts in the devolved Administrations because there must be a greater degree of co-ordination. We are also working with the overseas territories. We are expecting them to have much greater transparency, and we will be making that representation to them.

Peter Bone Portrait Mr Peter Bone (Wellingborough) (Con)
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I refer the House to my entry in the Register of Members’ Financial Interests—I am a fellow of the Institute of Chartered Accountants in England and Wales. Further to what many Members have said, there is no point in our having a register if what is on it is untrue. Could we have a requirement for an auditor to verify the truth of a certificate, and if it turns out that it is untrue, that auditor is subject to criminal prosecution?

Kwasi Kwarteng Portrait Kwasi Kwarteng
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I am conscious that my hon. Friend would not want me to burden people who are legitimately setting up companies. He will also appreciate that the legislation will create new criminal offences, and I am confident that this will significantly tighten the regime that we have today.

Small Modular Reactors and Energy Security

Peter Bone Excerpts
Wednesday 19th January 2022

(2 years, 2 months ago)

Westminster Hall
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Westminster Hall is an alternative Chamber for MPs to hold debates, named after the adjoining Westminster Hall.

Each debate is chaired by an MP from the Panel of Chairs, rather than the Speaker or Deputy Speaker. A Government Minister will give the final speech, and no votes may be called on the debate topic.

This information is provided by Parallel Parliament and does not comprise part of the offical record

Peter Bone Portrait Mr Peter Bone (in the Chair)
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Before we start, I remind hon. Members that they are expected to wear face coverings when not speaking in the debate. This is in line with Government guidance and that of the House of Commons Commission. I remind Members that they are asked by the House to take a covid lateral flow test before coming on to the estate. Please also give each other and members of staff space when seated and when entering and leaving the room. I will call Virginia Crosbie to move the motion and I will then call the Minister to respond. I have had notice that other Members will speak in the debate.

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Alun Cairns Portrait Alun Cairns (Vale of Glamorgan) (Con)
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I pay tribute to my hon. Friend for the work she is doing, not only in championing this issue in Parliament but prioritising Anglesey and Wylfa in the Minister’s mind as potential sites for nuclear investment. In the case of small modular reactors—[Interruption.]

Peter Bone Portrait Mr Peter Bone (in the Chair)
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Order. I am not interrupting the right hon. Member because his intervention was too long; I am interrupting, I am afraid, because there is a Division.

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Virginia Crosbie Portrait Virginia Crosbie
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I thank my hon. Friend for her intervention. It is fantastic to have another atomic kitten here, and I welcome her warmly to this place. I will be talking about SMRs and how important it is that we have a plan in place so that we do not lose those high-skilled jobs, which are so valuable to our constituents across the UK.

To deploy SMRs as soon as possible and restore the UK’s leadership in nuclear technology, I call on the UK Government to take the following steps. I ask them to commit, in the upcoming nuclear road map from the Department for Business, Energy and Industrial Strategy, to deploying a fleet of at least 10 Rolls-Royce SMRs by 2035-36. That road map is critical if the UK Government are to get support from industry and investors, and it is the best way for UK taxpayers and consumers to benefit from the Government’s bold investment in the Rolls-Royce design. I ask the Government to allow the licensing and siting of the Rolls-Royce SMR technology to proceed in parallel, rather than one after another. As part of that, BEIS should instruct the Nuclear Decommissioning Authority and Magnox to begin detailed discussion on the sale of land on nuclear sites to Rolls-Royce as soon as possible.

I ask the Government to remain open to deploying other SMR technologies as they are proven around the world. Many of our trusted allies, including the US and Canada, are investing heavily in SMRs, and we should learn from their experience. The offer to conduct licensing and siting in parallel should be extended to all viable SMR developers with the financing to buy sites in the UK. As the Rolls-Royce design is proven, the Department for International Trade should back it with export financing to sell British technology across the world, as part of our global Britain initiative. In the ’50s and ’60s, the UK led the world in nuclear. I know that the Minister wrote one of his university projects on US-UK large-scale nuclear co-operation. How fantastic it would be to get us once more back to leading the way and exporting hundreds of SMRs. Think how that would galvanise the Welsh and UK steel sectors, and the high-skilled jobs it would create.

I ask the Government to bring forward a consultation within a month on classifying nuclear as a green investment in the UK taxonomy, and make nuclear investment eligible under the UK green financing framework. Especially as the Government are looking to invest directly in SMRs and in the next large-scale station, it makes sense to make those investments eligible for green bonds.

To be successful, manufacturers need certainty so that a strong UK supply chain can be established. I recently established the all-party parliamentary group on small modular reactors to look at some of those issues in more detail. We are already at the forefront of this technology, and we need to look at how we can position ourselves as a leading location for this SMR reactor technology.

In conclusion, I thank my fellow atomic kitten, the Under-Secretary of State for Transport, my hon. Friend the Member for Copeland (Trudy Harrison), because without her we would not have set up the nuclear delivery group; she has been a powerful force within the nuclear sector. In the UK we have a long and proud history of pioneering nuclear power. In 1956, we established the world’s first civil nuclear programme, opening our first nuclear power station, Calder Hall, at Windscale. At the peak, in 1997, 26% of the nation’s electricity was generated from nuclear power. Since then, several reactors have closed, and the share is now about 16%. Almost half of our current capacity is due to be retired by 2025, and other plants are rapidly reaching their use-by dates. SMRs could be the game-changing technology of the 21st century, not just in terms of providing British businesses and consumers with affordable, low-carbon energy, but as an export industry for technology and nuclear engineering skills across the globe.

I see the SMR programme and new nuclear as intrinsically linked to our levelling-up agenda. When we are importing gas from Russia and electricity from France, where are the jobs that generate that power located? Who is getting the value added from what we pay for that power? According to Rolls-Royce, a UK SMR programme could create 40,000 highly skilled, well-paid jobs. While constituencies such as mine in Ynys Môn suffer some of the lowest rates of gross value added across the UK—reflecting under-investment and a lack of quality, well-paid jobs—we are now paying our continental neighbours to provide us with energy.

For all these reasons, the UK needs to look closely and urgently at its energy strategy. Energy security is vital for our future as a nation, and for the sake of jobs and our economy. In SMRs, we have at our fingertips a technology that can transform the UK from an energy importer into an energy technology supporter. Diolch yn fawr.

Peter Bone Portrait Mr Peter Bone (in the Chair)
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It might help right hon. and hon. Members to know that this debate will finish at 4.45 pm at the latest. I have been notified that two Members want to speak, but time is getting on and we must allow some time for the Minister to respond.

Newport Wafer Fab Sale

Peter Bone Excerpts
Thursday 15th July 2021

(2 years, 8 months ago)

Commons Chamber
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Urgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.

Each Urgent Question requires a Government Minister to give a response on the debate topic.

This information is provided by Parallel Parliament and does not comprise part of the offical record

Amanda Solloway Portrait Amanda Solloway
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The Government have looked closely at the transaction and do not consider it appropriate to intervene at the current time. However, to reiterate, the Prime Minister made it clear at the Liaison Committee last week that he has asked the National Security Adviser to review that. Of course, the Government are reviewing their policy in the industrial sectors following the publication of “Build Back Better” and the introduction of the National Security and Investment Act. Significant support has been available through research and development funding. The Department for Business, Energy and Industrial Strategy is keen to support developments in supply chains and specific markets for UK growth.

Peter Bone Portrait Mr Peter Bone (Wellingborough) (Con)
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I had the great pleasure of living in Newport for more than a decade. I listened carefully to the hon. Member for Newport West (Ruth Jones) and would not want to say anything that would deter investment in that great city, but I am also concerned about national security. The excellent Minister said that the Government have looked carefully at the sale. Have they done an impact assessment? If so, have they published it?

Amanda Solloway Portrait Amanda Solloway
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As I have said, the Government have looked closely at the transaction and do not consider it appropriate to intervene at the current time. The Prime Minister made it clear at the Liaison Committee that he would ask the National Security Adviser to do a review. I am afraid that I will have to get back to my hon. Friend on an impact assessment as I do not know that.

Corporate Insolvency and Governance Bill

Peter Bone Excerpts
Eleanor Laing Portrait Madam Deputy Speaker
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I am grateful to the right hon. Lady. Arithmetic is my strong point: I had three amendments. One has been withdrawn. That means that I have two amendments left. It does not change the constitutional position.

Peter Bone Portrait Mr Peter Bone (Wellingborough) (Con)
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On a point of order, Madam Deputy Speaker. I was here at 7 o’clock and it did not appear that the Government moved the business of the House motion that was due to be moved at 7 o’clock. It is probably a technical matter, but it now seems to me that if there were to be a Division on the current Bill, it would be a deferred Division. Is that correct?

Eleanor Laing Portrait Madam Deputy Speaker
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No, it is not correct. There was no need for the 7 o’clock motion to be moved, because of the terms of the business of the House motion relating to today.

Marks & Spencer

Peter Bone Excerpts
Thursday 24th May 2018

(5 years, 10 months ago)

Commons Chamber
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Urgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.

Each Urgent Question requires a Government Minister to give a response on the debate topic.

This information is provided by Parallel Parliament and does not comprise part of the offical record

Claire Perry Portrait Claire Perry
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The hon. Lady raises some valid points—there is an M&S food shop in my Devizes constituency—and is right that attractive stores bring in footfall from which subsidiary stores benefit. Of course, the Government have taken forward many plans to support the high street, which is part of the reason for the rate changes. Local councils, which might be responsible for setting parking policy, rely on parking receipts to fund other transport services, but if those rates are remitted straight back to Westminster, their desire to create a more attractive parking and retail culture might be diminished, which is why it is important that our rate localisation policy proceeds. I hope that the Scottish National party will support it.

The hon. Lady asked whether an assessment had been made. There are ongoing assessments. The Under-Secretary of State for Business, Energy and Industrial Strategy, my hon. Friend the Member for Burton, who sends his apologies for not being present, would be the person to take that meeting. I would not like to speak on behalf of his diary, but I shall make sure that the hon. Lady’s representations are put to him. He is working tirelessly on this issue across Government even while our retail sector continues to thrive and grow. As she will know from her work on the all-party group, there have been several important announcements in the last few weeks: Amazon has announced the creation of 400 jobs; Lidl has announced the creation of 40 new stores; and ASOS, an amazing online store employing thousands of people in call centre and support capacities, has seen its sales grow by 30% this year—it is becoming a truly global brand.

There is definitely a rotation in the way in which we all shop. I am sure that we all now buy many more of our unmentionable items online—sometimes we even buy them in stores—but the hon. Lady makes some valid points. We should all think hard about what we can do as individuals, particularly to support our local authorities, which are often responsible for planning, decision making, rates setting and parking decisions, all of which can have a material impact on the high street experience.

I will take away the hon. Lady’s request and make sure that my hon. Friend the Under-Secretary responds to her. I assure her that the reason for setting up the Retail Sector Council—it includes all sorts of retailers, from farm shops to large online companies, and of course the vital Union of Shop, Distributive and Allied Workers, which is providing so much support to workers in the industry—is to make sure that these conversations can be had on a cross-Government basis, and that policy making can be joined-up.

Peter Bone Portrait Mr Peter Bone (Wellingborough) (Con)
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I must declare an interest: I am wearing a Marks & Spencer suit, although I do not want to give the House the impression that I am the fashion icon for Marks & Spencer.

Does the Minister agree that it is not all bad? Marks & Spencer has opened a massive store at Rushden Lakes in my constituency. It is hugely successful and employs lots of people. The store is a mixture of retail and leisure. It might just be that times are changing and Marks & Spencer is changing with them.

John Bercow Portrait Mr Speaker
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In relation to the first part of the hon. Gentleman’s inquiry I say simply this: so am I, and neither do I.

UK Automotive Industry: Job Losses

Peter Bone Excerpts
Tuesday 22nd May 2018

(5 years, 10 months ago)

Westminster Hall
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Peter Bone Portrait Mr Peter Bone (in the Chair)
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Before I call Matt Western to move the motion, it might help Members to know that, at 11.30 today, the Division bells will ring and there will be a minute’s silence.

Matt Western Portrait Matt Western (Warwick and Leamington) (Lab)
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I beg to move,

That this House has considered job losses in the UK automotive industry.

I thank Mr Speaker for granting this debate. I also thank you in advance for your chairmanship, Mr Bone.

“Precipitous” is not a word used very often; when it is said by the chief executive of a major global automotive manufacturer, it is time to listen. Why? Because such utterances from major industrialists are rare; such people prefer to keep out of the headlines and to get on with the day-to-day of running multibillion-pound organisations that employ hundreds of thousands of people.

In the UK, the automotive industry has been one of the great success stories since the financial crash of 2007-08. In the two decades before that crisis, the industry’s economic output was broadly flat, before it dropped sharply in 2009. Since then, we have been fortunate to witness a renaissance in this major industry, which was seriously damaged by the crash, but which managed to sustain itself, with some Government intervention, through that difficult period. In 2017, in real terms, the motor manufacturing industry was worth 25% more than in 2007, although growth appears to have levelled off in the last year. In 2007 motor vehicle manufacturing accounted for 5.4% of total UK manufacturing, but in 2017 it accounted for 8.1%—a 50% increase in its overall importance. That was the result of significant inward investment from all resident vehicle manufacturers and component suppliers. The industry has contributed to almost 10 consecutive years of steady growth. Just as importantly, that has translated into a 29% increase in direct manufacturing employment in the sector.

The headwinds are strong and many. As the industry meets the challenges of transitioning to cleaner fuels and to a super-low-carbon future, it has been disrupted by the uncertainty of Brexit and a Government policy that penalises the cleaner diesel-powered vehicles. It is one of the great paradoxes in business that, in seeking to improve air quality, the Government have managed the reverse the progress achieved over many years to reduce carbon dioxide emissions.

In my maiden speech last year, I stated that there were rising pressures on the industry and that action was needed to maintain its recent success. I warned of the slowdown, with falling sales, and that the industry represented an economic bellwether. It has become increasingly clear that, from trucks to cars, sales are falling as people decide not to replace their vehicles.

I have repeated those calls in many subsequent debates, and there have been many in recent months, including those held by my hon. Friends the Members for Dagenham and Rainham (Jon Cruddas) and for Ellesmere Port and Neston (Justin Madders). Both of their debates reflected the rising concern about the real, clear and present danger to the sector, and sought the attention of the Government so that they would act.

That danger has become very real since the autumn, with the announcement of job losses all over the UK. To date, 2,000 jobs have been lost among car manufacturers, and planned increases in staff recruitment have been put on hold. More widely, when the component suppliers and related sectors are taken into account, it is estimated that between 8,000 and 12,000 jobs at least have been lost in just eight months.

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None Portrait Several hon. Members rose—
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Peter Bone Portrait Mr Peter Bone (in the Chair)
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Order. The winding-up speeches must start at 10.30 am, and 10 Back Benchers are trying to catch my eye. It is easy to work out: roughly three minutes each, please.

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Jack Dromey Portrait Jack Dromey (Birmingham, Erdington) (Lab)
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I first pay tribute to the excellent presentation made by my hon. Friend the Member for Warwick and Leamington (Matt Western). I will speak about the human consequences of what will happen if the Government get this wrong.

Erdington is rich in talent, but is one of the poorest constituencies in the country. However, we are blessed with having the Jaguar plant in our midst. The industry has now become the jewel in the crown of British manufacturing. It has been transformed, but it is characterised by its troubled history and by tragedies. I remember working night and day back in 2005 with Tony Woodley to try to prevent the collapse of Rover, and I remember that awful Friday when the factory finally collapsed and 5,000 workers were made redundant. However, in 2009 we saw the establishment of the Automotive Council—the first great industrial strategy—and the scrappage scheme to save the industry from collapse. The basis was laid for a future to be built on.

In 2010, Tata Motors took over Jaguar Land Rover from Ford. It brought in two gifted German industrial managers, one of whom—chief executive Dr Ralf Speth—is still there to this day. We worked night and day with them to turn around a factory that was doomed to close and where there was a funereal atmosphere on the part of the workers. I will never forget that wonderful day in October 2010 when we stood outside the main gate and said that the factory that had built the Spitfire during the war and two generations of Jaguars after the war was safe for the next generation.

That transformed the lives of thousands of local workers. I will never forget Warren, who is a big bear of a man. I first met him at a jobs fair that we organised. Four years later, he was moving into a house in Edwards Road, just down from my constituency office. He called me over and told me about how he was buying this little Edwardian terraced house. He said how he had been in and out of work for 10 years before getting that apprenticeship, and was now in a job that he described as secure, well-paid work that he loved. He then turned to his partner and said, “I’m moving into the house of my dreams with the woman of my dreams.” He said that could never have happened had it not been for the success of Jaguar Land Rover.

Lives were transformed and progress was built on. I actually pay tribute to some of the things that the Government did by way of continuity of policy, such as with the Automotive Council; the focus on the industrial sector and the engine plant; the skills initiative; and investment in research and development. All of that was welcome. As a consequence, we saw the number of staff at the factory double from 1,400 when it faced closure in 2010 to 3,000, while GKN—the parts plant just up the road—increased its staff from 500 to 800. Thousands of local people were given the opportunities that Warren had.

However, we now face deep and growing difficulties. Some 1,000 workers are being laid off at the Solihull plant, while 240 workers have been transferred from the Jaguar plant to Solihull. Why? Because of the combination of utter confusion over diesel on the one hand—forgive me if I say this, but the Secretary of State for Environment, Food and Rural Affairs has grossly mishandled this situation and has sent the wrong message, having a serious impact on consumer confidence—and Brexit on the other.

I have only a short time remaining, so I will conclude. I wholeheartedly agree with the points made earlier. Hope emerges from despair. I once again see workers on production lines despairing and fearing for the future. Our fortunes are inextricably linked with those of the European Union—crucially, through the single market and the customs union. If we get it wrong over Brexit, this country will pay a very heavy price, and the people who will pay that price above all will be the workers in the automotive industry.

Peter Bone Portrait Mr Peter Bone (in the Chair)
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Before I call the spokesman for the Scottish National party, I am advised that the minute’s silence has been moved from 11.30 am to 2.30 pm.

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Peter Bone Portrait Mr Peter Bone (in the Chair)
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I am very grateful to the 10 Back-Bench Members who have spoken and the Opposition Front-Bench spokesmen for keeping their comments short—I know how difficult that is—to give the Minister the chance to reply fully to this excellent debate. I would just like to remind the Minister to leave a little time for the proposer of the debate to wind up.

Industrial Strategy

Peter Bone Excerpts
Wednesday 18th April 2018

(5 years, 11 months ago)

Commons Chamber
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Lord Harrington of Watford Portrait Richard Harrington
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As hon. Members will know, I usually do my absolute best to take interventions, but I cannot do so on this occasion.

The attitudes we have demonstrated are based on fact, not fantasy. This industrial strategy is absolutely real, as well as imaginative, rounded and ambitious. We have had such attitudes for centuries—this goes back to the point about 1841—but this is the way in which the relationship between the Government and business will evolve. Those attitudes are a source of strength, just as our world-leading universities, businesses and workers are a source of strength. I believe that such attitudes are unique to the United Kingdom and, in combination, they are an asset that no other country can match in the same way.

The industrial strategy builds on our existing strengths and addresses any weaknesses. There is a wealth of potential in this country, and it is our duty to see it realised. It is my contention, and that of the Government, that our industrial strategy, which is available in as many languages as people want, will help this potential to be realised and will build an economy that is—I think this is the expression, which you may have heard before, Mr Speaker—fit for the future. I am very proud of it, and it is my job, and that of my right hon. Friend the Secretary of State, to see it delivered in the weeks, months and years to come.

Question put and agreed to.

Resolved,

That this House has considered the Industrial Strategy.

Peter Bone Portrait Mr Peter Bone (Wellingborough) (Con)
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On a point of order, Mr Speaker.

John Bercow Portrait Mr Speaker
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We are coming to motion 5. Does the hon. Gentleman have to make his point of order now—if he does, I will hear it—or is he anticipating events?

Peter Bone Portrait Mr Bone
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I am anticipating events. We will see what happens.

John Bercow Portrait Mr Speaker
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Indeed. The hon. Gentleman always has a keen sense of what is about to follow, which, colleagues—I merely remind you; you will be keenly aware of it—is motion 5. I call the Whip to move.

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Peter Bone Portrait Mr Bone
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I beg to move, Mr Speaker.

John Bercow Portrait Mr Speaker
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Well, the hon. Gentleman is a signatory to the motion and therefore he is entitled to move it.

Select Committee Chairs (Term Limits)

Resolved,

That this House approves the Fourth Report of the Procedure Committee, Term limits for select committee chairs in the 2017 Parliament, HC 816; and accordingly that for the remainder of the present Parliament Standing Order No. 122A (Term limits for chairs of select committees) shall be read as if the word ‘ten’ were substituted for the word ‘eight’ in the text of that Order.—(Mr Bone.)

Opel/Vauxhall: Sale to PSA Group

Peter Bone Excerpts
Monday 6th March 2017

(7 years ago)

Commons Chamber
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Urgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.

Each Urgent Question requires a Government Minister to give a response on the debate topic.

This information is provided by Parallel Parliament and does not comprise part of the offical record

Greg Clark Portrait Greg Clark
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As I said to the hon. Member for City of Chester (Christian Matheson), the competitiveness of our automotive sector is high. I will ensure that, across the board, we retain a world-competitive—not just European-competitive—sector, and I will look into any aspect of that if it is brought to my attention.

Peter Bone Portrait Mr Peter Bone (Wellingborough) (Con)
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I am sure that the whole House would like to thank the excellent Secretary of State for his efforts on behalf of Vauxhall. It was reported today that the chief executive of PSA had said that there would be no plant closures, and that jobs would be protected. He pointed out that he had never closed a plant in his life, and that he was actually seeking expansion. Might not the merger be good news for Vauxhall and its future?

Greg Clark Portrait Greg Clark
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I hope that it is, and we should do everything we can to make sure that it is. A company that is committed to expansion has an opportunity to ensure that that includes the expansion of UK plants. It is an area in which we are strong and in which we have a high reputation, and this should be an opportunity for us to make what is good even better.

Vauxhall/Opel: Proposed Takeover

Peter Bone Excerpts
Monday 20th February 2017

(7 years, 1 month ago)

Commons Chamber
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Urgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.

Each Urgent Question requires a Government Minister to give a response on the debate topic.

This information is provided by Parallel Parliament and does not comprise part of the offical record

Greg Clark Portrait Greg Clark
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We have of course discussed all aspects of Brexit. One feature of the decisions that are being made about investment is the opportunity to locate more of the supply chain firms nearer to the production facilities. Across the board, it is important to emphasise our commitment to negotiating the best possible access to the single market, and also that the intrinsic competitiveness of the UK makes it attractive to overseas investors.

Peter Bone Portrait Mr Peter Bone (Wellingborough) (Con)
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If I were on a board of directors of a very successful vehicle manufacturing outlet in the fifth biggest economy in the world and that economy was about to leave the EU, I think that I would want to invest more in that facility and make sure that I did not put all my eggs in one basket. Does not the future for Vauxhall look rather good and not the reverse?

Greg Clark Portrait Greg Clark
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I agree with my hon. Friend that we have in Vauxhall a very successful firm that is well regarded in the domestic market and across the continent. It is building on the success that is in prospect, but it is important that, through the discussions, that is secured in the future arrangements of the firm.