Oral Answers to Questions

Stephen Crabb Excerpts

Thursday 23rd January 2020 Commons Chamber

[Graham Stuart]

A day when the hon. Gentleman rises above party politics is one when we know a significant shift has occurred in the body politic, but I will try to take the question in the spirit in which it was intended. We are consulting and engaging widely, including with devolved areas of the country, to ensure we come up with exactly the right package to be able to assure even the most sceptical, albeit now non-party political people like the hon. Member, that free ports really can galvanise further job development and prosperity.

[Stephen Crabb (Preseli Pembrokeshire) (Con)]

It is important that this policy does not lead to market distortions and displacement of activity around ports. Does my hon. Friend agree that the key to making this a success is to build on the unique competencies and excellence of individual ports, such as the port of Milford Haven in my constituency, with its unique energy expertise?

[Graham Stuart]

My right hon. Friend is absolutely right. It is about tailoring the policy to the particular, ensuring we have something that does not lead to distortion but does lead to additional inward investment. We have gained more foreign direct investment in this country than any other European nation. That is one of the fundamental reasons why we have more people in work as a percentage of the population than the US, Germany or France, and why we have the lowest youth unemployment in our history. I am determined that the free port policy will be well-tailored to the individual circumstances of each area, while ensuring there is no distortion.