It is a universal service obligation—that is what it says and that is what it means. It is embedded in law and there is no prospect of the scare the hon. Gentleman has just tried to generate for Scotland being manifested in reality.
Plans to privatise Royal Mail started well before the general election and I congratulate all those who have brought it up to standard and ready for this market opportunity. Postmen stand to gain significantly in financial terms and management will be able to raise capital for investment. Will the Secretary of State reassure me that customers will also be protected, that the robust regulatory arrangement will remain with Ofcom and that it will stand up on their behalf?
(11 years, 11 months ago)
Commons ChamberWe recognise the economic difficulties faced by most of the western democracies, including our own, and the hon. Gentleman knows the reason for them. We had a boom in this country that got out of control and left a substantial legacy; we have broken banks; we have a very serious consumer debt problem; and we have major problems in our export markets. Those are the factors that contribute to the current difficulties, but we have a range of policies, several of which have been announced today, that are designed to counter those areas of weakness in growth, especially in construction.
UK Trade and Investment has scored some excellent results in attracting foreign direct investment, with a particular upturn over the last two years, but the spread of that investment is not necessarily equal. What action can we take to ensure that all parts of the UK benefit from UKTI activity?
As my hon. Friend says, there has been a considerable increase in inward investment, much of it as a result of the hard work done by UKTI and indeed by Ministers. There was a particular success at the British embassy alongside the excellent Olympic games, which is attracting more inward investment to this country. In terms of regional distribution, we are drawing up agreements between the local enterprise partnerships and UKTI on how to ensure that parts of the country that currently do not receive very much inward investment get a proper opportunity to lobby for it.
(12 years, 10 months ago)
Commons Chamber13. What steps he is taking to promote British exports.
My Department is supporting British exports through UK Trade & Investment. Its strategy, which was launched in May 2011, sets out plans to provide practical support to exporters over the next five years. I have undertaken a number of visits overseas to promote British business to countries including China, India, Brazil, Japan, South Korea, Turkey and Romania, and next week I shall be in south-east Asia promoting British trade.
Yes, there are many successful British exporters. Over the past year, exports have grown on a year-to-year basis by about 9%. Where we have fallen down historically is that British small and medium-sized companies have not been as involved in exporting as the larger enterprises such as Rolls-Royce. One of the main commitments in the UKTI strategy is to concentrate help and resources on those companies, which would undoubtedly help the specialist company in my hon. Friend’s constituency.
It is good to note that exports have risen to their highest level since records began, and I note the Government’s plans to double our exports to Brazil by 2015. Following the Foreign Affairs Select Committee report, what specific action is my right hon. Friend taking to help British exporters to overcome the language issues and bureaucratic barriers that might stand in the way of achieving that?
I went to Brazil precisely to answer that question. My hon. Friend is quite right to say that we are starting from a weak position. As a result of neglect in the past, Britain’s share of imports into Brazil is far lower than those of Germany, France and Italy, for example, and we must remedy that. We are putting in a major effort in Brazil, through UKTI, to capture some of the opportunities, particularly those that are arising from the expansion of the oil and gas industries there.
(13 years, 2 months ago)
Commons ChamberI know that the hon. Gentleman too has a long-standing and active involvement in environmental issues. He is right to say that it is not simply a question of investment but of skills. That is why, as part of the expanded apprenticeship programme, we have specifically set aside resources for those working in the green economy, particularly regarding the skills that are required to implement the green deal.
4. What steps he is taking to ensure that employment law supports business competitiveness, job creation and sustainable economic growth.