Oral Answers to Questions Debate
Full Debate: Read Full DebateStephen Phillips
Main Page: Stephen Phillips (Conservative - Sleaford and North Hykeham)Department Debates - View all Stephen Phillips's debates with the Foreign, Commonwealth & Development Office
(12 years, 4 months ago)
Commons ChamberThe Opposition might need to take a closer look at some of the things that President Hollande is advocating, because he is saying that France must balance its budget by 2017. He is also saying that growth cannot come from state spending and that it must be reined in—to use his words—so perhaps the Opposition might care to decide whether they truly support the words of President Hollande.
6. What steps his Department is taking to encourage inward investment from developing economies through the diplomatic network.
We are strengthening the UK’s diplomatic network to increase substantially our presence in emerging markets. This will transform relationships in the fastest growing cities and regions, and reinforce work on investment opportunities, which is obviously a key part of repositioning our economy and our drive for export-led growth.
I welcome the Government’s commitment to the expansion of our commercial-diplomatic network, but given the pressure on budgets, including that of the Foreign and Commonwealth Office, how are these measures and the programme of opening new embassies to be funded?
We are already in the business of opening new embassies. We have opened two this year in Africa—I opened one in Abidjan the other day—and we are opening embassies in Mogadishu, Monrovia, Antananarivo, in Madagascar, Bishkek, in Kyrgyzstan, and San Salvador. This will be paid for through a gradual reduction of our footprint in Iraq and Afghanistan and the closure of various subordinate posts in Europe.