Sarah Atherton
Main Page: Sarah Atherton (Conservative - Wrexham)Department Debates - View all Sarah Atherton's debates with the HM Treasury
(3 years, 2 months ago)
Commons ChamberMy right hon. Friend is right to highlight the difficult circumstances facing that sector, which is why I think in aggregate more than £7 billion of support has been provided to the sector through various means. He will know that there are some particularly large companies that talk to the Government on a bilateral basis. It would not be appropriate for me to comment on those conversations, but he will of course be aware of the support we have put in place, for example, for regional airports, the vast majority of which are paying no business rates for the first half of this year. As he would expect, we keep everything under review.
The Chancellor set out the Government’s strategy on financial services to the House in November—a vision of a sector that is more open, more technologically advanced and a world leader in the use of green finance, serving the communities and citizens of this country. Since then, we passed the Financial Services Act 2021 in April to begin the necessary reforms to our framework, and we have agreed text with the EU for a regulatory co-operation forum.
There is no doubt that all should be done to support British businesses to export, no more so than in my constituency of Wrexham, which houses one of the largest trading estates in the UK. Businesses are keen to grasp these opportunities—none more so than Matclad, a specialist clay brick slip manufacturer, which is already reaping the benefits of exporting. Does my hon. Friend agree that schemes such as the parliamentary export programme, which I recently took part in, are an excellent opportunity?
I am very happy to agree with my hon. Friend. I experienced that myself with my hon. Friend the Member for North Wiltshire (James Gray). The parliamentary export programme is an excellent way of getting that ambition to export out across the country, and it is just another example of this Government’s commitment to grow exports. My hon. Friend the Member for Wrexham (Sarah Atherton) may also be interested to know that I shall be visiting Cardiff tomorrow to meet the first cohort of FinTech Wales’s FinTech Foundry, a new accelerator programme that will support firms as they seek to build their footprint.