Britain in the World

Robert Jenrick Excerpts

Monday 1st June 2015 Commons Chamber

[Robert Jenrick (Newark) (Con)]

I applaud the magnificent maiden speeches we have heard today. I always thought the class of 2014 was particularly distinguished, but on the basis of what we have heard today I think the class of 2015 will be even more so.

I thank the people of Newark for returning me to the House and the people of the county of Nottinghamshire, a majority of whom voted Conservative for the first time since 1983. I look particularly to my neighbour my hon. Friend the Member for Sherwood (Mark Spencer).

Given the shortness of time, I will concentrate on one area little touched upon today. The substantial internal constitutional reforms that are understandably diminishing the space and energy for foreign affairs and the many other immediate challenges in the Foreign Secretary’s in-tray we have heard about today must not distract us from the bigger task of repositioning Britain in a new world order. We must all recognise that the future of our living standards and security will depend as much on the great new powers and the exploding consumer markets of Asia, Africa and Latin America as on Europe. That is where most, if not the vast majority, of the growth over the next 30 years will be.

The patterns of international trade are changing fast. The internet is upending old industries. The EU, born in an age when solidarity and centralisation were understandably relevant, now risks being hopelessly outmoded in a world that demands flexibility, decentralisation and, above all, openness to the markets beyond.

The British business I used to manage with the new hon. Member for South Antrim (Danny Kinahan)—Christie’s—is now generating 45% of its annual turnover from Asia. Ten years ago, it was 1.5%. It is a similar story with other high-growth businesses, whether they be multinationals such as Burberry, JCB and Jaguar Land Rover, or Newark firms such as Benoy, an architects firm that has transformed itself within five to 10 years from designing barn conversions in Nottinghamshire to designing shopping malls and airports in Singapore and China. British businesses need our support and guidance in these endeavours.

The last Government opened new embassies in Asia and focused some of the Foreign Office’s resources on trade. I sincerely hope that that refocusing will continue and accelerate in the five years to come. I was pleased that the Government chose to be a founding supporter of China’s new Asian Infrastructure investment bank. Talks are under way for an EU-China bilateral trade agreement. Whether it be within or without Europe, the UK must take a lead in that enterprise, as it should on finalising the transatlantic free trade agreement that was crudely mischaracterised and caricatured before and during the election.

Above all, we should be confident enough to develop our own agenda to work with the emerging powers of Asia and Africa. That is where our future beckons. That is where the high-skilled, well-paid jobs will come from. Tackling those questions will be part of the answer to our productivity challenge at home.

Too many British companies rely on the captive markets of UK household consumption to fuel growth, rather than seek a place in the fiercely competitive international markets. Those companies are the ones we should be on the side of. The next five years may be characterised by many challenges, some of which will define our role in the world, but the overarching question is the wider one of how we can re-imagine Britain as a trading nation sending out ships to emerging markets.