(2 years, 5 months ago)
Commons ChamberI am delighted to be able to confirm that Britain is committed to creating a global trade policy that ensures that women have the same opportunities from trade as men, and that women worldwide can benefit from trade as a route to prosperity. That reflects a core element of this Government’s modernising trade agenda. We recognise that women face varied and disproportionate barriers to trade in some areas, and that they are underrepresented among entrepreneurs and businesses that export, and we will continue to do more to ensure that everyone benefits from global trade.
Last month the Secretary of State set out priorities for green trade, both in the global green transition and in maximising opportunities for the UK by driving global action on trade and the environment multilaterally through our engagement in the G7 and the World Trade Organisation while strengthening bilateral co-operation through our free trade agreement agenda. By 2030, low-carbon industries could generate up to £170 billion-worth of UK exports. For example, UK Export Finance’s climate change strategy commits it to achieving net zero across its portfolio and operations by 2050. In 2021, UKEF provided £3.6 billion-worth of support for sustainable projects, an increase of 50% on the previous year.
(3 years, 1 month ago)
Commons ChamberAs I said earlier, economic growth and tackling the challenge of climate change go hand in hand. Finding solutions to those polluting methods of travel is a key area where the UK is leading with innovative businesses, and coming up with solutions regarding aviation fuel, or looking at clean shipping. We have brought international aviation and shipping challenges into carbon budget 6, and we are leading the way in ensuring that, economically as well as being part of the planet’s requirements, we find solutions that mean we can continue to trade, ensuing that those journeys involve clean energy users.
Our fantastic beef and lamb are world renowned for high welfare and environmental standards, and indeed for excellent flavour. The cross-Government GREAT Britain and Northern Ireland campaign gives global brand recognition to the UK’s offer, including our world-class food and drink, which we are proud to promote around the world. Our agricultural food and drink Open Doors campaign, launched earlier this year, is helping UK agribusinesses seize the opportunities presented by our new trade agreements.
The hon. Gentleman does not seem to value trade around the world as a force for good. By having strong economic relationships, we can have honest and open conversations with trading partners, and we will continue to do so. In the Gulf, we have the opportunity to trade with a market of 50 million people, 30 million of whom, I believe, are in Saudi Arabia. The opportunities for trade are great and we will not let that sentiment from the Labour party get in the way of more trade for the benefit of our people. At the same time, if he had listened to the Secretary of State earlier, he would have heard that more trade will never come at the expense of our values.
The UK is already one of the most attractive investment destinations in the world and this investment is vital to levelling up the country, particularly investment in new technologies and green innovation. Will the Secretary of State confirm that she is working to encourage this type of investment to help us to progress to net zero emissions and deliver on the Prime Minister’s excellent 10-point plan?
Absolutely. The Global Investment Summit, which we hosted earlier this week in London, saw 200 of the world’s most important investors coming to London to hear how they could be part of the UK’s world leadership in green technologies; £6 billion of investment was committed to offshore wind and millions to many, many different new technologies. We had the opportunity to showcase many of the UK’s leading future solutions to our green challenge and we look forward to continuing to increase that inward investment to help us to deliver them.
(3 years, 9 months ago)
Commons ChamberAs I have said, we do have a robust arms export control policy in Britain, and it is absolutely right that we maintain our own independent policy. The policies of the United States are a matter for the United States.
I thank my hon. Friend for that question. She is absolutely right; the UK is a great place to invest. The UK was the first major economy to make a breakthrough in attracting foreign investment, under Margaret Thatcher, now four decades ago. The UK has remained an extremely attractive place to invest since. In November the Prime Minister announced a new Office for Investment, jointly led by No. 10 and the Department for International Trade.
(4 years, 4 months ago)
Commons ChamberThe hon. Gentleman is so right to add that distinction. While this does provide a boost for our economy, it also enriches, on several different levels, our outreach into the wider world, and the experience of people living here who come into the presence of others from around the world. It is hugely important. The statistics I mentioned are obviously very key to this debate, but so is the significant soft power that he refers to.
Then, of course, there was lockdown. From March this year, English UK strongly recommended that all its members close the doors of their centres to support the national effort to keep people safe, and they did so.
Hastings has many language schools and also East Sussex College. International students have become rare and in demand all over the English-speaking world, so does my hon. Friend think that we need to roll out the red carpet for them and perhaps consider having the terms of visas equal between universities, schools and colleges?
I thank my hon. Friend and parliamentary neighbour. In this time of challenge and change, as we step into a new future next year, it is hugely important that we look at the wraparound to this sector. Anything and everything that could present a barrier or an obstacle, or make us less competitive in the world, we should look at and address to make sure that we are match-fit for the future.
This has been a hugely important export for us, and long may that continue. But it will not continue this summer. Our language schools face the crucial summer season with a stark outlook. Members of English UK say that nearly half of their annual trade volume is turned over between July and September; this is now lost.
The Government have provided lifeline funds, with unprecedented support to match these unprecedented times. UK ELT centres have been able to access job retention schemes, and as the hon. Member for Strangford (Jim Shannon) said, the positions of 90% of their staff— the scale is incredible—have been secured to date. Some centres have been able to take advantage of CBILS and bounce-back loans. All have applied for business rates relief, but to date only 17 local authorities have granted that. How long will the sector’s problems last? Well, 57% of ELT centres think that they will open on 1 October to teach new adult students.