Oral Answers to Questions

Debate between Vince Cable and Bridget Phillipson

Thursday 26th March 2015 Commons Chamber

[Vince Cable]

My hon. Friend is absolutely right. He refers to a recent decision by the Ministry of Defence to award a contract to a British company in Germany, rather than a German company in Britain. In general our industrial strategy has been widely adopted across Government, but we probably have not gone as far in integrated defence procurement in that process.

[Bridget Phillipson (Houghton and Sunderland South) (Lab)]

T5. The Secretary of State will know that the north-east is the only region with a balance of trade surplus, so he will appreciate the importance of exports to the regional economy. Is not it a major cause of concern that rhetoric from Ministers pushing Britain towards an EU exit risks damaging jobs, investment and exports in the north-east?

Oral Answers to Questions

Debate between Vince Cable and Bridget Phillipson

Thursday 24th October 2013 Commons Chamber

[Vince Cable]

The car companies the hon. Gentleman has cited, and indeed others, particularly the Japanese, have made it clear that they expect Britain to remain in the single market, and they attach enormous importance to being able to frame its rules.

[Bridget Phillipson (Houghton and Sunderland South) (Lab)]

The Secretary of State knows the vital role Nissan plays in the north-east economy, but do not recent comments from Nissan on the importance of our ongoing membership of the EU, and the potential impact of any tariffs if we are not in the EU, underline the risk and uncertainty the Government’s policy is creating?

[Vince Cable]

Nissan has been very clear on the subject—on its behalf, the Japanese Government have made exactly the same point that they do not want the re-imposition of tariffs. However, there is no evidence so far that our policy is discouraging Nissan. Its investment in the UK continues at a high level. I continue to welcome that.

Oral Answers to Questions

Debate between Vince Cable and Bridget Phillipson

Thursday 7th February 2013 Commons Chamber

[Vince Cable]

First, I congratulate the hon. Gentleman on his work on behalf of the up to 100,000 companies that have been mis-sold these swaps. It is a terrible scandal and he was one of the first people to highlight it. I think the position is now much better, but he is right to say that there are some anomalies at the borderline. The definition of “sophisticated companies” is not simply confined to scale, which I think is the point he is trying to make. I will continue to make that point to the FSA and the banks.

[Bridget Phillipson (Houghton and Sunderland South) (Lab)]

The Secretary of State knows that Nissan is vital to the north-east’s long-term economy and provides much-needed jobs and investment. Is there not a significant risk that the uncertainty about Britain’s future in Europe, which will continue for many years, could jeopardise this?

Oral Answers to Questions

Debate between Vince Cable and Bridget Phillipson

Thursday 18th November 2010 Commons Chamber

[Bridget Phillipson (Houghton and Sunderland South) (Lab)]

T5. Nissan is an important local employer in Sunderland and it has rightly said that “relatively modest” Government investment can rebalance the economy. That is crucial in regions such as the north-east. Does the Secretary of State agree with Nissan that if the Government do not fight for new business, it will simply go elsewhere?

[Vince Cable]

One of the first decisions that this incoming Government made was to confirm support for the Nissan Leaf project. We continue to be in close contact with that company, which makes a valuable contribution to the economy in this country and the north-east, and we will maintain close relations with it.