Oral Answers to Questions

Tim Loughton Excerpts

Thursday 20th December 2018 Commons Chamber

[Graham Stuart]

Of course, it is important to remember that for Scotland, the rest of the United Kingdom is its largest marketplace by far. More than 60% of trade from Scotland goes to the rest of the United Kingdom, whereas just 17% goes to the entirety of the rest of the EU. I suggest that the hon. Gentleman lean on his Front Benchers and try to ensure that his party, as the other Opposition parties should do, joins the Government in getting a deal with the EU that makes sure that Scottish exporters and those in rest of the country can have the best deal possible.

[Tim Loughton (East Worthing and Shoreham) (Con)]

Mr Speaker, I wish you a happy Christmas and a calmer recess.

I congratulate the three wise men on the Front Bench on the huge effort in exporting UK plc. However, it is my understanding that exports account for only about 30% of our GDP, compared with 47% in Germany. Where do they think the greatest opportunities are, within or outside Europe, to narrow that gap and export more to the rest of the world?

[Graham Stuart]

I thank my hon. Friend for that entirely useful question, which highlights the importance of increasing exports. As a percentage of GDP, our exports have been in the 20s seemingly for time immemorial. We have got the figure over 30% and we have set a target of reaching 35%. The whole country needs to engage in this more. We think that there are more companies that could export and do not than there are companies that can and do. That is why the Department has been set up and why are we are dedicated to trying to increase that percentage. We want to improve performance in all parts of the United Kingdom. For example, in Scotland, exports constitute just over 20% of GDP, whereas the figure is more than 30% in the United Kingdom overall.