Oral Answers to Questions

Stephen Phillips Excerpts
Tuesday 19th June 2012

(11 years, 11 months ago)

Commons Chamber
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Lord Hague of Richmond Portrait Mr Hague
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The Opposition might need to take a closer look at some of the things that President Hollande is advocating, because he is saying that France must balance its budget by 2017. He is also saying that growth cannot come from state spending and that it must be reined in—to use his words—so perhaps the Opposition might care to decide whether they truly support the words of President Hollande.

Stephen Phillips Portrait Stephen Phillips (Sleaford and North Hykeham) (Con)
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6. What steps his Department is taking to encourage inward investment from developing economies through the diplomatic network.

Lord Bellingham Portrait The Parliamentary Under-Secretary of State for Foreign and Commonwealth Affairs (Mr Henry Bellingham)
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We are strengthening the UK’s diplomatic network to increase substantially our presence in emerging markets. This will transform relationships in the fastest growing cities and regions, and reinforce work on investment opportunities, which is obviously a key part of repositioning our economy and our drive for export-led growth.

Stephen Phillips Portrait Stephen Phillips
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I welcome the Government’s commitment to the expansion of our commercial-diplomatic network, but given the pressure on budgets, including that of the Foreign and Commonwealth Office, how are these measures and the programme of opening new embassies to be funded?

Lord Bellingham Portrait Mr Bellingham
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We are already in the business of opening new embassies. We have opened two this year in Africa—I opened one in Abidjan the other day—and we are opening embassies in Mogadishu, Monrovia, Antananarivo, in Madagascar, Bishkek, in Kyrgyzstan, and San Salvador. This will be paid for through a gradual reduction of our footprint in Iraq and Afghanistan and the closure of various subordinate posts in Europe.