If she will make an assessment of the potential merits of increasing levels of economic cooperation with the EU.

If she will make an assessment of the potential merits of increasing levels of economic cooperation with the EU.

At a time of great global uncertainty, it is more important than ever that we deepen ties with our closest allies and biggest trading partners, whose values we share, and whose interests are bound to ours. It is 10 years today since the Brexit referendum, but the economic impact from the deal negotiated by the previous Government is stark. Indeed, recent studies indicate that its impact could be as great as an 8% reduction in GDP. I have worked closely with my counterparts across the EU as part of this Government’s commitment to resetting the UK-EU relationship, most recently at meetings of the G7 in Paris, and meetings with the European Bank for Reconstruction and Development in Riga. They have been clear that they would welcome closer ties, which will be in all our interests. At the upcoming UK-EU summit, we hope to be able to conclude deals on food and agrifood, on linking to the EU emissions trading schemes, and on an ambitious youth mobility scheme.

At a time of great global uncertainty, it is more important than ever that we deepen ties with our closest allies and biggest trading partners, whose values we share, and whose interests are bound to ours. It is 10 years today since the Brexit referendum, but the economic impact from the deal negotiated by the previous Government is stark. Indeed, recent studies indicate that its impact could be as great as an 8% reduction in GDP. I have worked closely with my counterparts across the EU as part of this Government’s commitment to resetting the UK-EU relationship, most recently at meetings of the G7 in Paris, and meetings with the European Bank for Reconstruction and Development in Riga. They have been clear that they would welcome closer ties, which will be in all our interests. At the upcoming UK-EU summit, we hope to be able to conclude deals on food and agrifood, on linking to the EU emissions trading schemes, and on an ambitious youth mobility scheme.

Today does indeed mark 10 years since Britain voted to leave the European Union. One of the consequences of Brexit has been to bury my constituents in red tape. My farmers cannot export without doing reams of paperwork, and small businesses are seemingly locked out of European markets. The EU remains the world’s largest trading bloc, and it sits on our doorstep, so will the Chancellor set out a path to an ambitious UK-EU reset—something that my party has called for—including a new customs union that would slash costs for British businesses, open markets for our farmers, and bring down prices for the British consumer? Or will we have to wait for her successor to show that ambition?

Today does indeed mark 10 years since Britain voted to leave the European Union. One of the consequences of Brexit has been to bury my constituents in red tape. My farmers cannot export without doing reams of paperwork, and small businesses are seemingly locked out of European markets. The EU remains the world’s largest trading bloc, and it sits on our doorstep, so will the Chancellor set out a path to an ambitious UK-EU reset—something that my party has called for—including a new customs union that would slash costs for British businesses, open markets for our farmers, and bring down prices for the British consumer? Or will we have to wait for her successor to show that ambition?

I have been working hard in this Labour Government to reset the relationship so damaged by the choices of the Conservatives. That is why we have committed to this second UK-EU summit, after the agreement between President Ursula von der Leyen and our Prime Minister last year to finalise the deal on food to help our farmers, on youth mobility to help our young people, and on emissions trading to help keep the cost of energy down.

I have been working hard in this Labour Government to reset the relationship so damaged by the choices of the Conservatives. That is why we have committed to this second UK-EU summit, after the agreement between President Ursula von der Leyen and our Prime Minister last year to finalise the deal on food to help our farmers, on youth mobility to help our young people, and on emissions trading to help keep the cost of energy down.

Given what my right hon. Friend has rightly said about the disastrous deal negotiated by the Conservatives once we left the EU, when the next UK-EU summit does eventually happen, will it not be time— after we have successfully concluded discussions on the priorities of the UK-EU reset—to discuss the opportunity, costs and benefits for more key parts of our economy of rejoining the single market?

Given what my right hon. Friend has rightly said about the disastrous deal negotiated by the Conservatives once we left the EU, when the next UK-EU summit does eventually happen, will it not be time— after we have successfully concluded discussions on the priorities of the UK-EU reset—to discuss the opportunity, costs and benefits for more key parts of our economy of rejoining the single market?

I understand why my hon. Friend makes those arguments; we are clearly poorer outside the European Union than we otherwise would have been. We made a manifesto commitment that we would not rejoin the single market or customs union, or return to the free movement of labour. Those red lines stand, but within them there is an awful lot that we can do to improve relations. We are doing just that.

I understand why my hon. Friend makes those arguments; we are clearly poorer outside the European Union than we otherwise would have been. We made a manifesto commitment that we would not rejoin the single market or customs union, or return to the free movement of labour. Those red lines stand, but within them there is an awful lot that we can do to improve relations. We are doing just that.

The Arab Gulf is not a unified block. The two leading Gulf states have been diverging over Yemen, Sudan, Israel and oil.

The Arab Gulf is not a unified block. The two leading Gulf states have been diverging over Yemen, Sudan, Israel and oil.

To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of the UK-Indonesia Economic Growth Partnership on financial services firms seeking market access in Indonesia.

To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of the UK-Indonesia Economic Growth Partnership on financial services firms seeking market access in Indonesia.

To ask the Secretary of State for Business and Trade, what steps he is taking to co-ordinate with (a) the Chancellor of the Exchequer and (b) UK regulations on financial services engagement as a result of the UK-Indonesia Economic Growth Partnership.

To ask the Secretary of State for Business and Trade, what steps he is taking to co-ordinate with (a) the Chancellor of the Exchequer and (b) UK regulations on financial services engagement as a result of the UK-Indonesia Economic Growth Partnership.

To ask the Secretary of State for Business and Trade, what benchmarks his Department is using to assess progress on regulatory co-operation on financial services under the UK-Indonesia Economic Growth Partnership.

To ask the Secretary of State for Business and Trade, what benchmarks his Department is using to assess progress on regulatory co-operation on financial services under the UK-Indonesia Economic Growth Partnership.

To ask the Secretary of State for Business and Trade, what mechanisms exist within the UK-Indonesia Economic Growth Partnership to tackle regulatory divergence affecting cross-border trade and investment.

To ask the Secretary of State for Business and Trade, what mechanisms exist within the UK-Indonesia Economic Growth Partnership to tackle regulatory divergence affecting cross-border trade and investment.

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what steps she is taking with Cabinet colleagues to increase trade and economic cooperation with Greece.

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what steps she is taking with Cabinet colleagues to increase trade and economic cooperation with Greece.

My Hon Friend the Minister for Trade (Sir Chris Bryant MP) has today made the following statement.

The UK and US have met to continue talks on the UK-US Economic Prosperity Deal (EPD) in London, Washington DC and virtually during August and September 2025.

The UK has continued to engage across the...

My Hon Friend the Minister for Trade (Sir Chris Bryant MP) has today made the following statement.

The UK and US have met to continue talks on the UK-US Economic Prosperity Deal (EPD) in London, Washington DC and virtually during August and September 2025.

The UK has continued to engage across the...

The UK and US have met to continue talks on the UK-US Economic Prosperity Deal (EPD) in London, Washington DC and virtually during August and September 2025.

The UK has continued to engage across the range of issues outlined in the General Terms for the UK-US Economic Prosperity Deal agreed in...

The UK and US have met to continue talks on the UK-US Economic Prosperity Deal (EPD) in London, Washington DC and virtually during August and September 2025.

The UK has continued to engage across the range of issues outlined in the General Terms for the UK-US Economic Prosperity Deal agreed in...

As UK-US trade talks evolve, flexible arrangements and the Economic Prosperity Deal raise questions about legal form and parliamentary scrutiny.

As UK-US trade talks evolve, flexible arrangements and the Economic Prosperity Deal raise questions about legal form and parliamentary scrutiny.

At their joint summit in May 2025, the UK and EU agreed a new Security and Defence partnership and set out commitments to strengthen cooperation across a range of policy areas

At their joint summit in May 2025, the UK and EU agreed a new Security and Defence partnership and set out commitments to strengthen cooperation across a range of policy areas

What discussions he has had with the Secretary of State for Northern Ireland on improving economic cooperation between Scotland and Northern Ireland.

What discussions he has had with the Secretary of State for Northern Ireland on improving economic cooperation between Scotland and Northern Ireland.

Our recent trade deals with the United States, India and the EU will improve access to vital markets for businesses in both Scotland and Northern Ireland. These are deals with the most populous country in the world, the richest country in the world and our most important trading partner. I recognise the importance of economic co-operation between Northern Ireland and Scotland. Indeed, earlier this week I met the hon. Member for South Antrim (Robin Swann) and a local business to discuss exactly this issue.

Our recent trade deals with the United States, India and the EU will improve access to vital markets for businesses in both Scotland and Northern Ireland. These are deals with the most populous country in the world, the richest country in the world and our most important trading partner. I recognise the importance of economic co-operation between Northern Ireland and Scotland. Indeed, earlier this week I met the hon. Member for South Antrim (Robin Swann) and a local business to discuss exactly this issue.

Will the Minister set up a meeting with the Secretary of State for Northern Ireland to consider creating a trade fair focusing on trade between Northern Ireland businesses and Scottish businesses? That would create networks, would possibly create jobs, and would be great for the economy in both Northern Ireland and Scotland. It would certainly go down well with businesses in North Down and right across the UK.

Will the Minister set up a meeting with the Secretary of State for Northern Ireland to consider creating a trade fair focusing on trade between Northern Ireland businesses and Scottish businesses? That would create networks, would possibly create jobs, and would be great for the economy in both Northern Ireland and Scotland. It would certainly go down well with businesses in North Down and right across the UK.

I would be delighted to see more trade between Scotland and Northern Ireland. I will happily meet colleagues in the Northern Ireland Office to explore that.

I would be delighted to see more trade between Scotland and Northern Ireland. I will happily meet colleagues in the Northern Ireland Office to explore that.