Barry Sheerman
Main Page: Barry Sheerman (Labour (Co-op) - Huddersfield)(9 years, 6 months ago)
Commons ChamberRead Full debate Read Hansard Text
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Matthew Hancock
One of the explanations that Rolls-Royce has given for this news is that it is coming to the end of a development phase and moving into a production phase for exactly the engines my hon. Friend mentions. Such changes in timing have their effects of course, but the overall picture for the UK aerospace industry is a bright one. Exports are up by almost 50% over the last four years, employment is up, turnover is up and our share of the global market is growing—we are second to the United States and we will remain so. Overall, therefore, there is a positive picture across the industry and we must make the most of that, while also dealing with the direct impact of this decision on individuals who are understandably concerned.
Mr Barry Sheerman (Huddersfield) (Lab/Co-op)
The Minister will know of my long-term interest in the manufacturing sector and, of course, suppliers in Huddersfield supply to Rolls-Royce. This is a brilliant company in a very fast-moving sector. The Minister said we have developed an engine that is moving into production, but my one concern is that if we are going to keep up with the competition, we will need to be developing new engines. Is that not a problem? Is that a worry or a concern?
Matthew Hancock
If the hon. Gentleman says that that is his one concern, he must be a very happy man. There are lots of concerns, all of which we need to take into account. Making sure that we remain at the forefront and the cutting edge of development is, of course, important. I pay tribute to the hon. Gentleman for the work he has done to support manufacturing and to push for an industrial strategy across the manufacturing sector. He is at the forefront of Members in driving this agenda forward, and I look forward to working with him as we get through these times.