(4 years, 5 months ago)
Commons ChamberIf the hon. Lady looks at the analysis of the US agreement, it shows that UK farming benefits. That is because people in the United States want to buy high-quality, high-welfare UK produce.
(4 years, 5 months ago)
Commons ChamberI can assure the hon. Lady that we are working very closely with the Northern Ireland Executive to make sure that Northern Ireland is fully part of any trade deal we agree, and we are specifically consulting Northern Ireland businesses to make sure that they benefit.
I warmly welcome the statement today. The Pacific region has a growth rate that is double that of the EU. Does the Secretary of State agree that, while the modern dynamic free trade agreement that is sought stands to boost trade enormously, it is not all about numbers? We should also be welcoming the chance for close strategic ties with friends who share our interests.
My hon. Friend is absolutely right. We want to pursue a trade policy that is economically beneficial to the UK and levels up our country, but helps achieve more resilience for our country, protects us against protectionist urges that we are seeing around the world and diversifies our trade away from dependence on single nations or regions that we might come to regret.
(4 years, 8 months ago)
Commons ChamberI find this pretty ludicrous. The hon. Gentleman will have seen in the scoping assessment that virtually every sector of the UK economy, including manufacturing and agriculture, will benefit from a US trade deal. Steelite International, a fantastic company that I visited recently in Stoke-on-Trent, has also welcomed the potential removal of tariffs on its products—up to 28% on dinnerware—which it says will help it expand its operations.
Will the Secretary of State please comment on some of the parts of her proposals that are likely to benefit manufacturing and high-tech companies in west Oxfordshire and enable them to export their goods to the United States?
One of the points that we laid out in our negotiation objectives is that we want to achieve an advanced digital and data chapter. Currently, 79% of all our services are provided remotely. A digital and data chapter will give us the ability to underwrite those transactions and do more electronically, which will provide huge benefits to those high-tech industries in my hon. Friend’s constituency.
As the hon. Lady will be aware, we are developing new farming support policies to supersede the common agricultural policy. Those will be much more suited to British farmers, making sure that we are supporting farmers to protect the environment and produce great products. In our trade agreements I have been very clear that there will be no diminution in our standards.
Some of our closest friends and most productive trading relationships have always been in the Commonwealth, and it is time that this was reinvigorated. What are Ministers doing to explore Commonwealth free trade?
I hosted a meeting in London last year with the Commonwealth Trade Ministers. There is a huge amount of enthusiasm to work more closely together. One of our first priority trade deals will be with Australia and New Zealand. We are also creating a Commonwealth caucus at the World Trade Organisation. Commonwealth countries represent 33% of delegates to the WTO. We can be a real force in making the case for free trade and for small countries not to be overwhelmed by big trading blocs.
(4 years, 8 months ago)
Commons ChamberWe are committed to protecting personal data. There are huge opportunities in striking an advanced digital and data chapter on the flows of data between the UK and the US—ensuring that those flows are properly underwritten and giving software companies opportunities. There are huge advantages, but we will always ensure that we are protecting people online and personal data.
Free trade is the greatest driver of global prosperity that the world has ever seen. Would the Secretary of State agree that in addition to the prospect of lowering prices for UK consumers, the high-tech businesses of west Oxfordshire can look forward to this massive global market being open to them—a market that also happens to be one of our closest friends?
My hon. Friend is right. Some 79% of all the services we provide are supplied remotely—many of them into the United States. Having this underwriting on digital and data will really help companies in areas such as robotics, artificial intelligence and computer gaming, and will provide a massive strategic advantage for the UK against our competitors.
(5 years, 11 months ago)
Commons ChamberWe have protected the funding of FE colleges since 2015. We are also investing £500 million in T-levels and improved technical education. More low-income students are going to university and getting high-quality apprenticeships.
I welcome the extra £1 billion for the armed forces that was announced in the Budget. Does my right hon. Friend agree that only this Government’s sensible management of the economy has made that possible?
(6 years ago)
Commons ChamberWhat the Chancellor announced in his Budget speech is the fact that we are giving employers more flexibility over apprenticeships, which they have asked for, and we are seeing more and more people going into high-level apprenticeships under this Government.
West Oxfordshire businesses are thriving, but they are clear that their major challenge is access to people with the right skills. Will the Minister please give an update on the national retraining scheme and how that will help?
(6 years, 8 months ago)
Commons ChamberMy hon. Friend makes a very good point. Local government funding has not been fair enough. That is why we are consulting on a fair formula at the moment, and I will look with interest at his representations.
(7 years, 4 months ago)
Commons ChamberUrgent 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.
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Will the Chief Secretary confirm that new Government 10-year gilts are paid at 1%, and will she confirm that if the markets lose confidence in our deficit reduction plan the interest rate is likely to rise, as is the cost to the country, which will mean less money for our public services?
My hon. Friend is right to draw attention to the macroeconomic picture, and to point out that if we do not have a confident deficit reduction plan such as the one that the Government have pursued for the last seven years, the financial markets will lose confidence, and the effect on working people will be a rise in interest rates, a rise in housing costs, and problems for the Government in respect of our borrowing.