(11 years, 3 months ago)
Westminster HallWestminster Hall is an alternative Chamber for MPs to hold debates, named after the adjoining Westminster Hall.
Each debate is chaired by an MP from the Panel of Chairs, rather than the Speaker or Deputy Speaker. A Government Minister will give the final speech, and no votes may be called on the debate topic.
This information is provided by Parallel Parliament and does not comprise part of the offical record
Absolutely. I have agreed to meet the hon. Gentleman to discuss those points further. SMEs will be critical in the renaissance of exports that we hope to achieve, and a little later in my speech, I will explain how they must play their part. I will not rest in probing the Government until we have achieved the position of fifth largest exporter in the world. I do not think that that is an unrealistic target.
I am grateful to the hon. Gentleman, whom I thank for the work that he has done in the field and particularly for obtaining this debate. I rise because I have received a letter from a constituent who is concerned about the arms trade. To summarise her view, she wants much more transparency. Is that a point that he considered when preparing what appears to be an impressive document?
This debate and the report focus predominantly on the general export picture, of which our defence exports are just one aspect. However, if the right hon. Gentleman stays until the end of my speech, he will hear a reference to arms exports.
(13 years, 7 months ago)
Westminster HallWestminster Hall is an alternative Chamber for MPs to hold debates, named after the adjoining Westminster Hall.
Each debate is chaired by an MP from the Panel of Chairs, rather than the Speaker or Deputy Speaker. A Government Minister will give the final speech, and no votes may be called on the debate topic.
This information is provided by Parallel Parliament and does not comprise part of the offical record
If we look at the map of Africa, we see that the greatest Chinese investment is primarily where the oil reserves are. The hon. Gentleman will recognise that the Chinese are keen to invest. There is huge construction of bridges, railways and other infrastructure to extract the minerals and oil that China so desperately needs for its economy.
I have had many meetings with the Sudanese ambassador to the UK at his embassy, and I pay tribute to him, because he is a good and diligent representative of his country. I have taken British businesses to see him, and he keeps telling me, “Sudan is open for business with the UK. We are desperate”—to return to the point made by the hon. Gentleman—“to detach ourselves from our over-dependence on China. We need to change our economy’s relationships to make sure we interact more with countries in Europe and particularly with the UK.” Many Sudanese people see the UK in an extremely positive way, and they have a long-standing friendship and relationship with us.
This is the first time I have heard of the cancellation of the £1 billion debt owed to Britain, which the right hon. Member for Coatbridge, Chryston and Bellshill highlighted. He asked the Minister to clarify when that debt will be cancelled, and I, too, am very much looking forward to hearing the answer. However, this should not just be a matter of saying, “Oh well, let’s cancel £1 billion of debt,” and we must remember that we are talking about British taxpayers’ money. Our country is heavily indebted, and various facilities are being closed in our constituencies, so £1 billion is a huge amount of taxpayers’ money to think of simply cancelling.
Rather than just cancelling £1 billion of debt, therefore, I suggest that we negotiate with the Sudanese. We should say that we will cancel a proportion of the debt in exchange for their hiring the services of British manufacturing consultancies or companies, which would go to their country to educate their people, set up production and help them set up factories. There must be a quid pro quo interaction between the British Government and Sudan. We should not simply cancel the debt, but cancel some of it and say that we want the Sudanese to use the money to hire the services of British companies.
I hesitate to intervene in such a thoughtful speech, but it is important to register that much of the debt is interest accrued over the years on borrowing that many people at the time considered reckless. Does the hon. Gentleman accept that?
The right hon. Gentleman makes a good point, but whether that borrowing was reckless or not, we all take out mortgages, and we normally all have to pay off the debt. Regrettably, some of my constituents have taken out loans that they cannot afford, and I have tried to help them to somehow negotiate their way through those loans. That is difficult, but a contract has been signed. We should show good will to the Sudanese by cancelling some of the debt, but I do not think the right hon. Gentleman would object to our also encouraging them to use some of the resources that would be freed up when they no longer have to pay us interest to engage the services of British engineering and manufacturing consultants in the development and restructuring of their country.