Oral Answers to Questions

Debate between Vince Cable and Chris Ruane

Thursday 26th March 2015 Commons Chamber

[Vince Cable]

There is indeed some offshoring taking place, but there is also a great deal of onshoring, by Rolls-Royce and other engineering companies elsewhere. Indeed, engineering that used to be carried out in India is now carried out in the UK. In particular, Rolls-Royce is investing: I have been to several events and seen the new advanced blades for its engines. The research and development and the production is being done in the UK and Rolls-Royce will continue to make a major contribution to the UK economy.

[Chris Ruane (Vale of Clwyd) (Lab)]

Aerospace is important in Pendle and it is also important in north Wales, with the Broughton site, which has 7,000 workers, and the Filton site near Bristol. Some 70,000 jobs depend on it. Airbus is a joint European venture. What does the Secretary of State think would happen if the Tories took us out of the European Union?

[Vince Cable]

I would hope that all parties continue to support the industrial strategy, which has been a considerable success, particularly in the aerospace industry, and Airbus has been one of its beneficiaries. To be frank, when I came into office I was warned by the industry that it was gradually drifting away overseas and that we would no longer be able to claim that we were the second aerospace power in the world, but with the big, long-term commitment we have made its future is secure, including that of Airbus.