Iain Wright
Main Page: Iain Wright (Labour - Hartlepool)Department Debates - View all Iain Wright's debates with the Department for Education
(10 years, 3 months ago)
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Michael Fallon
I shall certainly see what more we can do in that regard. I know that food and drink exports will be one of the themes of our commitment to Expo in Milan later this year and I shall be discussing our pavilion in Milan this evening and tomorrow.
Mr Iain Wright (Hartlepool) (Lab)
I detect a real note of complacency in the Minister’s remarks. Let us not crack open the imported champagne just yet. The Secretary of State’s trade and investment White Paper of 2011 stated:
“The UK now needs to rebalance its economy…toward increased exports and investment.”
Yet the value of exports fell in the last quarter and net trade acted as a drag on GDP growth for much of 2013. Given that the trade gap remains persistently high and is growing, manufacturing as a share of our economy has fallen under this Government, and investment has continued to flatline, will the Minister now concede that an export-led recovery has not materialised?
Michael Fallon
I am disappointed that the hon. Gentleman should talk down British exporting and British manufacturing at precisely the time we see a renaissance not only in our automotive industry but in our aerospace and other industries. Of course trading conditions are tough, not least with problems in the eurozone and elsewhere, but exports are up and we continue to help drive increased export performance through supporting small and medium-sized enterprises and mid-sized businesses.