UK Gross Domestic Product Debate

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Department: HM Treasury

UK Gross Domestic Product

Tony Lloyd Excerpts
Monday 13th June 2022

(2 years, 5 months ago)

Commons Chamber
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John Glen Portrait John Glen
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Absolutely. It is clear we are seeing the best unemployment figures for well over a generation. It is very pleasing to see the impact that is having on constituencies such as that of my hon. Friend. It is important that we build on that and look to increase that investment to get businesses investing in new capital and more productive jobs to increase productivity in the economy as a whole.

Tony Lloyd Portrait Tony Lloyd (Rochdale) (Lab)
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The Minister has already conceded that the Treasury wants to reduce friction with our European trading partners—that is the right thing to do—but can he tell the House whether Treasury policy agrees that this is the right time to rip up the Northern Ireland protocol and risk a trade war with Europe?

John Glen Portrait John Glen
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Clearly in different markets there will be different challenges. We must make sure that we have a deep dialogue and look to find consensus. Where we cannot, we must take action.