Mark Ferguson
Main Page: Mark Ferguson (Labour - Gateshead Central and Whickham)Department Debates - View all Mark Ferguson's debates with the Department for Business and Trade
(1 week, 4 days ago)
Commons ChamberIt would be helpful to understand the Opposition’s official position when it comes to China. China is the world’s second largest economy and our fourth largest trading partner. Hundreds of thousands of jobs in this country rely on our relationship and our trade with China. We on the Government Benches believe in free and open trade, and we will continue on that basis. The hon. Lady suggests that that is not the Conservative party’s official opinion; it would be useful to understand that.
Some 70,000 jobs have been lost in North sea oil and gas since the Conservatives were in power, because it is a declining basin and it is getting harder to drill for oil and gas—we know that. The transition is happening; the issue is how we support that. This Government are putting in place a huge amount of support to try to ensure that those very skilled workers can transition into the green energy sector. I repeat this statistic: £43.7 billion of private sector investment in clean energy has been promised since this Government came to power. Is it really the Conservatives’ opinion that we should throw away all that investment and not protect all those jobs for the future?
I thank the Minister for her statement and for her swift action. The people of Scunthorpe will be grateful, but as my hon. Friend the Member for Middlesbrough and Thornaby East (Andy McDonald) noted, that stands in contrast to the way in which the people of Redcar and other areas were so cruelly abandoned by the last Government. The steel industry is not the production of steel alone; it also includes the supply chain. The Davy Roll Company, now Union Electric Steel, in my constituency, at the heart of Gateshead, performs a vital role as the last cast steel roll maker in the UK. The Minister has met representatives from the company, so will she update me on the work that she is doing to protect not only the steel industry where steel is made, but the wider supply chain?
I have met representatives from Union Electric Steel—everyone still calls it Davy Roll. The supply chain is incredibly important, and we are looking at it in our plan for steel. However, the investments made across Government more broadly over the years show that that supply chain, in whichever area of manufacturing it is found, has not been protected. The Ministry of Defence is keen to secure the supply chain in the UK for the investment that we are putting into defence, whether in aerospace, advanced manufacturing or space. We need to build supply chain capacity here in the UK because the world has changed and we have different priorities now, and my hon. Friend is right to raise that.