Oral Answers to Questions

Rushanara Ali Excerpts

Tuesday 29th October 2013 Commons Chamber

[Mr Swire]

I think I am right in saying that since the formation of this coalition Government, we have had a net gain of more than 400,000 small businesses, which is a tremendous success. My hon. Friend is correct. We need to do more to encourage small businesses to export. It is incumbent on all of us in the House to encourage our local businesses to raise their game. With respect to UK Trade & Investment, the reconfiguration of the British chambers of commerce initiative is designed to help small businesses, but each of us has a part to play in making sure that our small and medium-sized enterprises grow into large export businesses, which are so important for the economy.

[Rushanara Ali (Bethnal Green and Bow) (Lab)]

Barclays bank made the decision to end banking facilities for money transfer companies such as Dahabshiil and that decision will devastate countries such as Somalia. Will the Foreign Secretary take this opportunity to speak up and explain what he will do to try to prevent the closure of this legitimate route of money transfer to a country that depends on it for its security and to achieve transformation there?

[The Parliamentary Under-Secretary of State for Foreign and Commonwealth Affairs (Mark Simmonds)]

I am grateful for the hon. Lady’s question. She is right to make the point that remittances are extremely important, particularly as they relate to Somalia. But most Somali remittances are made through small scale businesses that operate in cash and do not have bank accounts. They will therefore be unaffected by a commercial decision by Barclays bank. However, the Government are taking the decision seriously. The Treasury, which is leading on this matter, the Department for International Development and the Foreign and Commonwealth Office are working to find a solution, and DFID is developing a pilot project to help secure international remittance channels.