Oral Answers to Questions Debate

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Department: Wales Office

Oral Answers to Questions

William Cash Excerpts
Wednesday 25th May 2016

(8 years, 1 month ago)

Commons Chamber
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George Osborne Portrait Mr Osborne
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We want a great BBC—a great public broadcaster—and we have agreed a deal with the BBC that it has welcomed. The specific issue that the hon. Lady raises was an operational decision by the BBC, not a decision taken by members of the Government. I have made the observation that we have a great national public broadcaster in the BBC but we do not want a great public newspaper in the form of the BBC. As newspapers increasingly move online, the BBC—as it has itself acknowledged—wants to be careful about what information it has on its website, so that we can also have a flourishing private press. I think that the BBC has got that balance right.

William Cash Portrait Sir William Cash (Stone) (Con)
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Will the Chancellor explain why the House of Commons Library and ONS figures for 2015 clearly show that although we export 44% of our goods and services within the single market, we run a disastrous loss or deficit on those exports of £68 billion per annum, up £9 billion since last year alone, in relation to the other 27 member states, whereas Germany runs a profit or surplus of a massive £82 billion in relation to those same 27 states? Is not that a bad deal?

George Osborne Portrait Mr Osborne
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We are a massive exporter of services; our services represent 80% of the British economy. We are home to one of the most successful car industries in Europe, and we export cars to the continent. We are also home to the world’s second largest aerospace industry and part of a European supply chain. That is why those leading businesses are in favour of our membership of the European Union. My hon. Friend and I disagree on this issue, but we stood together on a manifesto to have a referendum and to let the British people decide.