UK-China Economic and Financial Dialogue

Shockat Adam Excerpts

Tuesday 14th January 2025 Commons Chamber

[Rachel Reeves]

I am glad that my hon. Friend has used the 50 minutes of the statement to come up with such a good line. He is right that many people working in Harlow work in the financial services sector and will very much welcome the enhanced licences and quotas, which, incidentally, many other countries and their banks already have because their Governments have engaged with China. Those are opportunities that we have missed out on in Britain for far too long because of the six years during which we failed to be involved in an economic and financial dialogue, while other Governments cracked on and made sure they supported and stood up for their national interest.

[Shockat Adam (Leicester South) (Ind)]

Notwithstanding the importance of China as a trading partner, will the Chancellor please explain what steps the Government are taking to address the issues of forced labour links with Uyghur workers in supply chains at fast fashion companies such as Shein? Will the Minister provide data on the extent of forced labour in UK supply chains, especially in the garment sector? Will she also outline any actions to strengthen due diligence requirements for companies sourcing from areas with known human rights abuses, such as Xinjiang?

[Rachel Reeves]

As I have already set out, one of the issues I was able to raise with my counterparts in China was forced labour, particularly in Xinjiang. As I said in answer to the question from the right hon. Member for Chingford and Woodford Green (Sir Iain Duncan Smith), I have also been really clear that any company seeking to list in London has to meet stringent requirements, as set out by the United Nations and the OECD, on labour supply and the treatment of workers.