Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Alan Brown Excerpts
Tuesday 7th June 2016

(7 years, 11 months ago)

Commons Chamber
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Damian Hinds Portrait Damian Hinds
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I think that I detected a revised figure in my hon. Friend’s assessment of our net contribution to the European Union. The fact is that for every pound that is paid in tax in this country, a little over a penny goes to the European Union. That is a cost—it is not a trivial cost, and I do not belittle it—but what comes with it are the trade benefits, the enhancement of our economy and the protection of jobs and investment that we want to see.

Alan Brown Portrait Alan Brown (Kilmarnock and Loudoun) (SNP)
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7. What steps he is taking to increase exports.

Harriett Baldwin Portrait The Economic Secretary to the Treasury (Harriett Baldwin)
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Over the last six years, UK Trade & Investment has more than doubled the number of businesses that it helps. It now aims to help a further 100,000 firms to export by 2020.

Alan Brown Portrait Alan Brown
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I thank the Minister for her answer, but it did not make it clear what is actually being done to increase exports. The Chancellor promised that his growth strategy would be underpinned by a doubling of exports to £1 trillion by the end of the decade, but to date his targets have been missed, and the export figures are moving in the wrong direction. What will the Government do to turn that dire performance around?

Harriett Baldwin Portrait Harriett Baldwin
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My right hon. Friend the Chancellor mentioned earlier the important work that UKTI is doing in not only promoting the Exporting is GREAT brand around the world, but, now—across the whole Government—encouraging all our embassies around the world to focus their resources on increasing the potential opportunities for our world-class exporters.