Oral Answers to Questions Debate
Full Debate: Read Full DebatePhilip Hollobone
Main Page: Philip Hollobone (Conservative - Kettering)Department Debates - View all Philip Hollobone's debates with the Department for Business and Trade
(1 year, 1 month ago)
Commons ChamberFar be it from me to stop our noble Friends in the other place from doing what they think is right. None the less, I do agree with the hon. Gentleman. My view is, let a thousand flowers bloom. Hydrogen is one of the viable ways of helping us to get to net zero, and the Government are looking at all possible options to make sure that we support the cutting-edge technology that will get us to our green transition.
The value of UK exports, measured in current prices, to the EU—including goods and services—was £247 billion in 2016, £298 billion in 2019, and £340 billion in 2022. The EU remains the UK’s largest export market, receiving 42% of UK exports in 2022.
That is all very interesting, because, during the Brexit referendum, “Project Fear” told us that if we left the EU, millions of people would lose their jobs, our exports would collapse, and the economy would go into freefall. Here in 2023, with us outside the European Union, employment is at record highs and unemployment at record lows, the eurozone is in recession and we are not, and our exports to the EU are at record levels. Is it not now demonstrably true that we are always going to be better off out?
As Churchill once said, the pessimist sees a crisis in every opportunity, but the optimist, which my hon. Friend is, sees an opportunity in every crisis. The UK’s total exports have recovered to pre-pandemic levels measured against 2018. In 2022 UK exports were £815 billion, up 21% in current prices and up 0.5% once adjusted for inflation. There is no doubt that UK exports are excelling and will continue to do so.
We are taking forward a number of reforms, as the hon. Member is aware. There is a private Member’s Bill, the Employment Relations (Flexible Working) Bill, which includes a day-one right to request flexible working, as well as the right to request predictable terms and conditions, which is one of the recommendations of the Taylor review. I think he should welcome those kinds of measures.
Kettering is the beating heart of the east midlands economy, especially in bespoke gentlemen’s footwear, with superb firms such as Loake, Cheaney, and Gaziano & Girling. Will the Government confirm that their free trade agreements and their efforts to reduce international trade barriers will help the local shoe industry in Kettering get on the front foot and take great strides forward?
I was delighted to attend my hon. Friend’s business conference in north Northamptonshire. As part of that, we passed the Loake shop in Kettering, which is a world leader in shoes—in fact, I am wearing a pair today—and he offered to try to get me a pair at a discounted price, which I very much look forward to. There are great export opportunities through that.