Space Policy

Debate between Alex Sobel and Sam Gyimah

Wednesday 18th July 2018 Commons Chamber

[Mr Gyimah]

There is a huge amount of investment. I have mentioned the space sector deal and other investment in R&D that companies across the country with the expertise to benefit our space sector could do well out of.

[Alex Sobel (Leeds North West) (Lab/Co-op)]

More than 50% of UK satellite exports go into the European single market. How will the Taxation (Cross-border Trade) Bill and the Trade Bill, both of which we discussed this week, affect the free-flowing movement of components into and out of the single market?

[Mr Gyimah]

I have been speaking to lots of companies in the UK that deal in the satellite market. It is a global market, and there are huge global opportunities, including in the EU. The sector will continue to succeed, even when we leave the EU.