Commonwealth Day

Philip Hollobone Excerpts

Monday 11th March 2019 Commons Chamber

[Harriett Baldwin]

Yes, I think it is eSwatini, to give it its latest name, is it not? [Interruption.] Oh, the hon. Gentleman meant here. Perhaps I should not be on his team next time he takes part in a quiz.

[Mr Philip Hollobone (Kettering) (Con)]

The Commonwealth accounts for one third of the world’s population and half of the world’s top 20 cities, so on Commonwealth Day, should we not celebrate the terrific economic growth in the Commonwealth? For the best part of the last three decades, the Commonwealth economy has grown by some 260%, its growth now averages 3.3% a year and we trade in surplus with it. The Minister might be interested to know that, in contrast, the economy of the European Union has grown by just 120% over the same period, that its average growth is just 1.4% and that we have a massive trade deficit with the EU. Is it not clear that the best future for this country will involve developing our economic ties with the Commonwealth?

[Harriett Baldwin]

My hon. Friend highlights the fact that there are some fast-growing, emerging cities in the Commonwealth. As he says, half of the world’s top 20 emerging cities are in the Commonwealth, and many Commonwealth countries are growing much faster than countries in the EU, including the UK. However, it is important for us to trade not only with Commonwealth countries but with our European Union neighbours. I am sure he will agree that this is a question of doing both, rather than an either/or choice.