Ukraine
Debate between Lord Anderson of Swansea and Earl of Minto(5 months, 1 week ago)
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The Earl of Minto (Con)
My Lords, the right reverend Prelate makes a very good point. There is an alternative route to get grain out, which is across the land. However, it comes at a cost, which is highly punitive. I think that, before the war commenced, Ukraine accounted for between 8% and 10% of global wheat exports and about 10% to 12% of corn and barley exports. This is a significant logistical problem. The idea of shifting that amount of grain out of Ukraine via vehicles and trains is obviously quite a challenge, so the sea route is extremely important. We can take great credit for succeeding in getting insurance in place. This allows ship movements out, which are increasing quite dramatically, at the recognised premium rate rather than what I might call a war rate.
Lord Anderson of Swansea (Lab)
My Lords, in Ukraine the snows have come early. As the Minister has said, the military situation on the ground remains largely as it was when he gave his last Statement. Are the Government aware of any pressures, or are they party to any pressures now, on the Ukrainian Government to reach a territorial compromise?
The Earl of Minto (Con)
My Lords, the noble Lord is absolutely right that winter has arrived in some force, as it has across quite a lot of southern Europe and further afield. The question of reaching a territorial compromise is obviously not something for us to be too involved in; it is for Ukraine. Ukraine has been absolutely resolute that it will not enter those conversations until all Ukrainian land is back within its sovereign right.
Industrial Strategy
Debate between Lord Anderson of Swansea and Earl of Minto(10 months, 2 weeks ago)
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The Earl of Minto (Con)
I entirely agree with my noble friend. I assure him and the whole House that the Department for Business and Trade is specifically making it easier for small and medium-sized enterprises to consider and go through the process that they fear is difficult—and in fact is not so difficult—to start exporting, to the benefit of all.
Lord Anderson of Swansea (Lab)
Do the Government agree that a continuation of steel production in the UK is vital to our industrial future? Therefore, does an industrial strategy include the investment at Port Talbot steelworks which Tata Steel is now wishing to make, without which there will be an enormous hole in employment in south Wales?
The Earl of Minto (Con)
The Government fully recognise the role that steel plays within the UK economy, and they are working with the industry on its decarbonisation options. It is a foundation industry, it is high-wage, and it is extremely important to this country for all sorts of reasons. On the specific issues with Port Talbot and Tata, there are ongoing negotiations, which I am sure the House will realise I cannot divulge. But we are closely involved with Tata, British Steel and Liberty.