Statement on the publication of the eleventh report of the Business and Trade Committee, Toward a new doctrine for economic security (HC 835).

Statement on the publication of the eleventh report of the Business and Trade Committee, Toward a new doctrine for economic security (HC 835).

Let me first express my gratitude to the Backbench Business Committee for making time for this short statement today as the Business and Trade Committee publishes the Government response to our flagship report on economic security, which was published in the summer last year.

I want to start not with Committee...

Let me first express my gratitude to the Backbench Business Committee for making time for this short statement today as the Business and Trade Committee publishes the Government response to our flagship report on economic security, which was published in the summer last year.

I want to start not with Committee...

The right hon. Gentleman, with his Committee, has given a thoughtful series of recommendations. On his specific point about trade remedies and countries that are over-subsidising, such as China, and the electric vehicles flooding our and European markets, how much of that is being led, in terms of joined-up Government,...

The right hon. Gentleman, with his Committee, has given a thoughtful series of recommendations. On his specific point about trade remedies and countries that are over-subsidising, such as China, and the electric vehicles flooding our and European markets, how much of that is being led, in terms of joined-up Government,...

It is an open secret in this House that every day, every week, there is some controversy between the growth Departments and the security Departments in government. If we are to stand on our feet in the years ahead, we have to make sure that our industry is fighting fit...

It is an open secret in this House that every day, every week, there is some controversy between the growth Departments and the security Departments in government. If we are to stand on our feet in the years ahead, we have to make sure that our industry is fighting fit...

I thank my right hon. Friend for his work on the Business and Trade Committee, of which I am a proud member. Does he agree that an increasingly competitive and uncertain world defines the UK’s sovereign capabilities, and that supporting them through the national wealth fund is vital to strengthening...

I thank my right hon. Friend for his work on the Business and Trade Committee, of which I am a proud member. Does he agree that an increasingly competitive and uncertain world defines the UK’s sovereign capabilities, and that supporting them through the national wealth fund is vital to strengthening...

My hon. Friend is right. I salute her work on the Committee, which is far stronger for her contribution. The bottom line is that the Government has said, in strategy after strategy, that sovereign capabilities are important and that they need to be developed. What we have in the response...

My hon. Friend is right. I salute her work on the Committee, which is far stronger for her contribution. The bottom line is that the Government has said, in strategy after strategy, that sovereign capabilities are important and that they need to be developed. What we have in the response...

I thank the right hon. Gentleman and his Committee for an excellent report that speaks to some very real issues. We have an opportunity later this year when the defence readiness Bill comes before Parliament for consideration. Does he have any recommendations on what he would like to see in...

I thank the right hon. Gentleman and his Committee for an excellent report that speaks to some very real issues. We have an opportunity later this year when the defence readiness Bill comes before Parliament for consideration. Does he have any recommendations on what he would like to see in...

When we published the report, we sought to compare the regime that we have in this country with the regimes that are in place among our allies in Japan, Europe and the United States. It became clear that, unlike our allies, we have a loose collection of strategies—some might unfairly...

When we published the report, we sought to compare the regime that we have in this country with the regimes that are in place among our allies in Japan, Europe and the United States. It became clear that, unlike our allies, we have a loose collection of strategies—some might unfairly...

Statement on the publication of the eleventh report of the Business and Trade Committee, Toward a new doctrine for economic security (HC 835).

Statement on the publication of the eleventh report of the Business and Trade Committee, Toward a new doctrine for economic security (HC 835).

It is a privilege to serve with you in the Chair, Ms Lewell. Let me record my thanks to the Backbench Business Committee for making time for this debate; to a brilliant team of Select Committee members—it is a privilege to serve alongside them—and to a first-class team who help...

It is a privilege to serve with you in the Chair, Ms Lewell. Let me record my thanks to the Backbench Business Committee for making time for this debate; to a brilliant team of Select Committee members—it is a privilege to serve alongside them—and to a first-class team who help...

It is a pleasure to serve under your chairmanship, Ms Lewell. In my short time in Parliament, perhaps the most terrifying thing I have heard so far is the evidence we took on the Business and Trade Committee that state actors are joining forces with criminal gangs to attack this...

It is a pleasure to serve under your chairmanship, Ms Lewell. In my short time in Parliament, perhaps the most terrifying thing I have heard so far is the evidence we took on the Business and Trade Committee that state actors are joining forces with criminal gangs to attack this...

I am grateful to the hon. Member for the question and for his sterling work on the Committee as our inquiry has been driven forward over the last seven or eight months. I have not. It was striking to compare the evidence we took with history lessons from the 1920s...

I am grateful to the hon. Member for the question and for his sterling work on the Committee as our inquiry has been driven forward over the last seven or eight months. I have not. It was striking to compare the evidence we took with history lessons from the 1920s...

It is a pleasure to serve under your chairmanship, Ms Lewell. I congratulate my right hon. Friend on his report. I will not mention his vast experience though, because he is still young to me. Redditch was deeply impacted by the JLR shutdown, with many of our supply chains affected....

It is a pleasure to serve under your chairmanship, Ms Lewell. I congratulate my right hon. Friend on his report. I will not mention his vast experience though, because he is still young to me. Redditch was deeply impacted by the JLR shutdown, with many of our supply chains affected....

We have a very good Minister in place, but in a way, the report is designed to ensure that that Minister is empowered in his work and across Government. But first we must understand, and help the Minister have the powers to understand, the full breadth of the UK supply...

We have a very good Minister in place, but in a way, the report is designed to ensure that that Minister is empowered in his work and across Government. But first we must understand, and help the Minister have the powers to understand, the full breadth of the UK supply...

I congratulate the right hon. Member on the report. As I am sure he knows, I responded to his request for comment. My question is about the security of financial services. He says that diversification is one of the solutions to the risk of cyber- attack. My worry is that,...

I congratulate the right hon. Member on the report. As I am sure he knows, I responded to his request for comment. My question is about the security of financial services. He says that diversification is one of the solutions to the risk of cyber- attack. My worry is that,...

I was very grateful to receive the hon. Member’s email. He is absolutely right. The shutdown of branches all over our country is a really serious problem that creates real risks. One answer is to ensure that we lean in behind the Post Office plans to create banking hubs, not...

I was very grateful to receive the hon. Member’s email. He is absolutely right. The shutdown of branches all over our country is a really serious problem that creates real risks. One answer is to ensure that we lean in behind the Post Office plans to create banking hubs, not...

I warmly commend the Committee on producing its report. I take no offence at the demand that there be a separate economic security Minister, even though I think the Culture, Media and Sport Committee demanded, when I was the Minister responsible for tourism, that there be a separate tourism Minister...

I warmly commend the Committee on producing its report. I take no offence at the demand that there be a separate economic security Minister, even though I think the Culture, Media and Sport Committee demanded, when I was the Minister responsible for tourism, that there be a separate tourism Minister...

This is a very good point. We want to ensure that there is an enshrinement of the principles of the Bill, so that the private sector has clarity, certainty and confidence in the durability of the economic security regime that we operate in this country. In the inquiry, we heard...

This is a very good point. We want to ensure that there is an enshrinement of the principles of the Bill, so that the private sector has clarity, certainty and confidence in the durability of the economic security regime that we operate in this country. In the inquiry, we heard...

I thank the Chair of the Select Committee for his help and work on this issue. I want to ask his opinion on the efficacy of our arms export control regime. We had two sessions in which we were looking into the F-35 in Gaza, and essentially it seems like...

I thank the Chair of the Select Committee for his help and work on this issue. I want to ask his opinion on the efficacy of our arms export control regime. We had two sessions in which we were looking into the F-35 in Gaza, and essentially it seems like...

I think there is a real opportunity in the course of the next year to modernise the way we export arms, and we will need to do that because of the simple reality that the definition of an arm in new times is very different. Many of our allies talk...

I think there is a real opportunity in the course of the next year to modernise the way we export arms, and we will need to do that because of the simple reality that the definition of an arm in new times is very different. Many of our allies talk...