Tuesday 29th October 2013

(10 years, 6 months ago)

Commons Chamber
Read Full debate Read Hansard Text Read Debate Ministerial Extracts
Lord Swire Portrait Mr Swire
- Hansard - - - Excerpts

Yes, with both pleasure and conviction. Scotland benefits from being part of the UK in this renaissance of trade that the UK is undergoing. I must point to a recent fabulous article in Le Monde, which said we can now predict sustainable future growth—gone are fears of repeated recessions and new injections of liquidity. The jobs market and consumer confidence are both improving—improving for the United Kingdom and improving for Scotland, as well as for England, Wales and Northern Ireland.

John Redwood Portrait Mr John Redwood (Wokingham) (Con)
- Hansard - -

What conclusions does the Minister draw from the fact that exports from some countries outside the EU to the EU are increasing more rapidly than our own?

Lord Swire Portrait Mr Swire
- Hansard - - - Excerpts

My right hon. Friend will be aware of my earlier comment that trade with the EU has been adversely affected by the downturn in the EU economy. I think what it shows is the flexibility of the British economy, not least because we did not join the euro and because this Government have a more determined approach to driving exports globally, both with our existing partners and in emerging markets.