Chris Bryant
MP for Rhondda and Ogmore · Labour · United Kingdom
“I detected the Duran Duran quotes there. It is important that we are able to secure mutual recognition of professional standards; otherwise, we do not have full business mobility. That is one of the key things we are trying to sort out with the European Union at the moment.”
“Or deviate. Or repeat! I do not want to exaggerate, but this may be the most significant iconic moment for the UK and Switzerland since Sean Connery and Ursula Andress met one another in “Dr. No” back in 1962. [ Interruption ] —no exaggeration at all, of any kind.”
“The outcomes of the deal will support the discovery and development of new medicines, and it does not change UK legislation or practice, maintaining the existing balance between supporting pharmaceutical innovation and the NHS’s access to lower-cost generic medicines.”
“On top of this, we know that Swiss-owned businesses employed around 150,000 people in the UK in 2024, and bilateral foreign direct investment stood at £87 billion at the end of 2024. The agreement we have reached ensures that job creation and investment will continue to grow as our bilateral trade grows.”
“Of course, we also have to protect key sectors, and we will never compromise on animal welfare or food standards just to get a deal. This last year, this Government have made good on that responsibility. We secured the best deal with the USA of any country in the world.”
“One of the great things about Northern Ireland, of course, is that it gets the double benefit of being both in the European single market and in the UK’s single market. That has undoubted benefits. If I could point to one tiny area where having left the European Union has caused us an enormous headache this year, it would be steel.”
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“The whole city feels like it is “Jane Austenville”, not only because of the bookshops—although Bath has some of the finest independent bookshops in the land—but because of the museums and houses there that have been used in film adaptations or television series. I will come on to “Bridgerton” later.”
“Friend the Member for Cumbernauld and Kirkintilloch (Katrina Murray) spoke without claiming any particular identity with Austen for her constituency. I identified with her in this: I do not think that any of the characters from any of Jane Austen’s novels ever visited Rhondda, Ogmore, Blaengwarw, Blaenrhondda, Pontycymer or any of the other places that Hansard will not be able to spell. It was also great to hear from the hon. Member for Bath (Wera Hobhouse). As part of the celebrations earlier this year, I went to the Jane Austen Centre in Bath, which I think received 200,000 visitors in 2024. I am sure the numbers were larger this year. It has some fascinating items from Jane Austen’s life and the life of her family.”
“It was great to hear from the hon. Member for North Norfolk (Steff Aquarone), although he has now disappeared, so he must be taking to heart another of Jane Austen’s lines: “There is nothing like staying at home for real comfort.” It was good to hear from him briefly, even though he has now departed. It is always good to hear from the right hon. Member for East Hampshire (Damian Hinds), who took us on a tour of his constituency as well, talking proudly about many of the tourist attractions. I will come on to the point about how Jane Austen has probably contributed to the modern economy of the UK more than any other single individual, Dickens may be able to challenge that, but hers is certainly a very significant contribution to our modern economy. My hon.”
“Friend the Member for Basingstoke (Luke Murphy) for securing this debate which, at one point, was in danger of becoming about tourism rather than Jane Austen. However, we had some good literary criticism later on, including going into the nature of the prose that Jane Austen wrote. It is always good to see an English degree put to use at some point in somebody’s career—I have one myself, so am delighted by it. I am a bit disturbed, however, that we are talking about Jane Austen, and so far the character that people have referred to most and questioned the actions of is Mr Darcy. Surely we should be talking about the female actors who have appeared. The bigger question should be who is the better Lizzy Bennet: is it Jennifer Ehle or Keira Knightley? [ Interruption. ] Apparently there is no question about that either.”
“Well, if only the Conservatives were not full of pride and prejudice—sorry, I could not resist that. It is a great delight to see you in the Chair, Mr Efford. It is a truth universally acknowledged that a Minister in possession of a good portfolio must be in want of a debate. When it turned out that the culture Minister was unavailable this afternoon, I wanted to embody another quote from “Northanger Abbey”: “There is nothing I would not do for those who are really my friends. I have no notion of loving people by halves; it is not my nature.” That is why I am here on behalf of the Department for Culture, Media and Sport, although I am in the Department for Business and Trade. I am enormously grateful to my hon.”
“The first is Samantha Harvey’s “Orbital”, which is a magnificent short novel; it is almost like poetry, the way that it is written. The second is Yael van der Wouden’s “The Safekeep”, which I have just finished reading. It is absolutely beautiful; it is set in the Netherlands, and the story is completely and utterly surprising. The third is Maggie O’Farrell’s “Hamnet”, the film of which has just been released. It is so moving and a beautiful rendition of another part of our literary history. The fourth is the book that I finished just before “The Safekeep”: Elizabeth Day’s “One of Us”. If anybody else wants to take part in next year’s debate, including you, Mr Efford, they have to have read six new novels by British authors.”
“It is so important to be able to walk in somebody else’s shoes, empathise and sympathise, and embrace a wider set of possibilities in life. Of course, Jane Austen herself wrote: “The person, be it gentleman or lady, who has not pleasure in a good novel, must be intolerably stupid.” She really did have a point. I am thinking of instituting something for next year. Next Christmas, when we have a debate like this, nobody should be allowed to take part unless they have read six good novels that were written that year—not just things from 500 years ago, 300 years ago or 100 years ago. No Member will be allowed to take part in the debate unless they have read—bought or from a library—six new novels. I am going to make four recommendations of my own, all by women authors, from the last 18 months or so.”
“Fiction is so important because it is so easy for us to be trapped in our own little world—the world that we know, are comfortable with and have chosen because we follow certain people and not others. I want people to go into a bookshop and browse. They should browse, and find something they would not otherwise find, or a novel telling a story that they would not otherwise know anything about. I remember reading a book a few years ago about a migrant coming to the UK on a small boat, and it completely changed my understanding of what somebody else’s life might be like. I am sure everybody who is listening to this debate will recognise the experience of seeing life from a completely different angle, because they read a fictional account.”
“We should also celebrate publishing, because it is one of the things that the UK does phenomenally well. We export more books than any other country in the world, which is partly because we are a really good crossroads of the nations. Some of the best writing in the English language is written by people in India or Pakistan, or in Africa. We celebrate that as part of the publishing that we give to the rest of the world. Some of it is technical publishing, of course, but we should celebrate that part of our creative industries, and we should of course celebrate the knock-on effect of having so many of our great films and television series spring from books that have been written in the UK and by British writers. Above all, I want us just to celebrate novels.”
“It is not just having a debate here today that defines what we think about Jane Austen; it is what we do, and I think we need to celebrate reading far more. One of the problems for many young people—the right hon. Member for East Hampshire, who used to be Education Secretary, will know how important this is—is getting them to read anything longer than a post or a tweet, or to watch something longer than two minutes, but being able to concentrate on the whole plot across 200 or 300 pages, or whatever it may be, is really important. We must have parents reading to their children and reading in schools, and we must have libraries in schools and in communities, because enabling people to read is a really important part of what we do. As Members of Parliament, we need to do far more to celebrate reading itself.”
“Agatha Christie, who made one of our biggest contributions to world literature, is renowned across the world—not only in the UK and the United States of America, but in large parts of Africa, China and south-east Asia. In recent years, we have had Hilary Mantel. Only a few days ago, I saw yet another version of Mary Shelley’s “Frankenstein”, which I think is probably the closest to the original, and Iris Murdoch is one of my favourite novelists. Austen’s role as a woman novelist who survived and managed to make a living, and who had female characters with three dimensions to them rather than just one or two, is such an important part of what she gave us. The hon. Member for Old Bexley and Sidcup read this quotation from “Sense and Sensibility”: “It is not what we say or think that defines us, but what we do.” That is true.”
“We have heard half the quote I am about to give, but I will say the next line, which is just as important. On women, one of her characters said: “I hate to hear you talking…as if women were all fine ladies, instead of rational creatures.” The next line is: “We none of us expect to be in smooth water all our days.” The sense that a woman is far more than just the stereotype so much literature had created up to that time is a really important part of the radicalism inherent in Austen. Jane Austen has not been the only woman writer in our history. Before her, the great playwright Aphra Behn wrote some phenomenal plays. Daphne du Maurier’s book “Rebecca” is one of the most read novels in our history. There are George Eliot, who often confuses people by being called that rather than Mary Ann Evans, and the Brontës.”
“Likewise, Arts Council England has supported many literary-based projects, including quite a lot of Jane Austen ones this year. Alongside providing funding for the Jane Austen Fan Club and the “Sensibilities on the Bonnet” project, it has supported Southampton Forward, and God’s House Tower, which presented her writing desk as part of the Jane Austen 250 celebrations earlier this year, as has been mentioned. The Forest arts centre in Hampshire received support to research collections of early music, including that owned by Jane Austen and her sister, and the Dorset Museum & Art Gallery held a “Jane Austen: Down to the Sea” exhibition using funding from ACE, with support from the Government indemnity scheme, which ACE administers. Several Members referred to one element of Jane Austen that I think is really important.”
“Many TV and film locations have managed to do extraordinarily well in recent years, including several aristocratic homes such as Lyme Park, which featured in “Pride and Prejudice”. It had 300,000 visitors last year, many of whom will have come because of the connection with the film. My hon. Friend the Member for Basingstoke asked what the Government are doing. Well, VisitBritain has been trying to build on this sense of “starring Great Britain”. A lot of international visitors to the UK—we set a target of getting to 50 million visitors by 2030—have done so specifically to visit places they recognise because films were made there, including many of the Jane Austen adaptations. It is a really important part of what we do.”
“One of its triumphs is not only that successive series have given us phenomenal storylines that feel Jane Austen-like—we kind of know where it is going to end up; it is not the twist that matters, but the getting there—but it has also given us Adjoa Andoh and a very brave moment of television where a black woman is cast as a queen in a period that clearly would not have had a black queen in the UK, and yet it is entirely characteristically Jane Austen. And of course it has given us the most beautiful man in the world, Jonathan Bailey—not according to me, but according to lots of other people—who plays one of the main leads. I see several Members smiling, so I think they agree. Austen has done a phenomenal amount for tourism in the UK. I have already referred to the Jane Austen Centre in Bath.”
“There was a great new production of “Emma” at the Theatre Royal in Bath earlier this year. Incidentally, the Theatre Royal in Bath is a wonderful institution that does not take a single penny from the Arts Council, because it has decided that it can do things on its own. And then we have “Bridgerton”, which everybody recognises as sort of being by Jane Austen, even though it has absolutely nothing to do with her.”
“Her writing is sometimes referred to as subtle, nuanced, clever; there is a comedy of manners involved in it. We have already heard the reference to the sharp prose that she engaged in. One of my favourite moments is when Darcy says to Lizzy: “But it has been the study of my life to avoid those weaknesses, which often expose a strong understanding to ridicule.” And Lizzy says: “Such as vanity and pride.” That is a burn—a real burn on a very arrogant man who is not able to see his own ridiculousness. Austen has been vital to today’s creative industries. We have referred to several different versions of “Pride and Prejudice”. If we include “Clueless” and productions like that, probably $1.2 billion-worth of revenues have been generated from film and television adaptations.”
“I think he was trying to hand her a membership card. It is true that she was sceptical of revolution, but she also hated hypocrisy—make of that what you will. [ Interruption. ] I’m joking. She was sceptical of revolution, but in many ways she brought about a revolution in that she was able to publish books and get them printed, and she has continued to be a presence in a world that has been dominated by men, by male publishers and male writers for generation after generation. Sometimes there is a radicalism in quiet conservatism, and sometimes conservatism in quiet radicalism. Obviously, Austen was famous as an author. It was mentioned earlier that some 92,000 copies of her books have been sold in the UK this year. It might be more by now because it was 78,500 by the end of June.”
“Friend the Member for East Thanet (Ms Billington) made an important point about how this debate is taking place two days after the anniversary of Jane Austen’s birth, but that it is also a day when the Government are bringing forward important legislation. One can interpret many of the scenes between men and women in Jane Austen’s books as being about coercive control—a point that my hon. Friend made well. I have already referred to the literary criticism offered the hon. Member for North East Fife (Wendy Chamberlain). It is always good to hear from a Whip—unless one is in trouble and has forgotten a vote—and was great to have her in this debate. The hon. Member for Old Bexley and Sidcup (Mr French), of whom I am enormously fond—well, anyway—tried to claim Jane Austen as a member of the modern Conservative party.”
“In fact, the one book that we were recommended to read about Jane Austen was by a man, which seemed a little bit ironic. I will address some of those points later. My hon. Friend the Member for Carlisle (Ms Minns) was querying what kind of clergyman I am; I think I am more Trollope really—it has been said before. Some of the clerical characters in Trollope are more my kind of style. The hon. Member for Winchester (Dr Chambers) is right that Jane Austen is buried in Winchester Cathedral. The initial gravestone referred to her mind, but not to her works. That was rectified in later years, which is really important. I suppose there was some kind of prejudice about the idea that a woman would not just have a mind but actually do something with it, which I am glad to say we have managed to overcome. My hon.”
“It is a shame that only one in 10 British businesses exports, compared with three out of 10 French businesses and four out of 10 German businesses. If we could match the ambition of other countries, that would be a significant boost to the UK economy.”
“I beg to move, That the Bill be now read a Second time. We want businesses to grow, innovate, expand, invest, find new markets here and overseas, develop new products and new services, and bring them successfully to market. That often requires two forms of financial support from Government: grants and loans. That is why the Bill builds on two different Acts of Parliament: the Industrial Development Act 1982, which provides grants to industry in the UK, and the Export and Investment Guarantees Act 1991, which enables financial support by means of investment finance. [ Official Report , 5 January 2026; Vol. 778, c. 1WC.] (Correction) Of course, as Trade Minister, I am ambitious about trying to get more UK companies to export.”
“As he also knows, I am looking at the presents that we as Government Ministers give to other Government Ministers; we could be a bit more ambitious about ensuring that they are things that people really want, and perhaps they could come from one of our creative industries, such as ceramics. Free trade agreements can get rid of tariffs, and that is a very important way of enabling more exports, but we can also often do a great deal by getting rid of the non-tariff barriers that exist in many countries. Export ambition, even from companies that would like to export, often needs financial assistance. That is precisely what UK Export Finance is there for.”
“There are funds. Especially when there is a new free trade agreement, as in relation to India at the moment, we help lots of businesses. Businesses in the beauty industry, which I know my hon. Friend knows a lot about, have gone to a recent exhibition in India, because under the FTA, India will be taking the tariff down from, I think, 20% or so to zero. That is a big opportunity for British businesses. There are sometimes funds available. I will look at how the ceramics industry in particular is treated. As my hon. Friend knows, I would like to establish stronger support for the ceramics industry in general, because we should be proud of it.”
“The hon. Member for Strangford (Jim Shannon) was there first, and then I will take an intervention from the hon. and learned Member for North Antrim (Jim Allister).”
“One of the things that I have been trying in my own small way is to do a supermarket sweep when I have been abroad for trade missions: to see whether Rose’s lime marmalade, Walker’s biscuits, Marmite, Irn-Bru or Penderyn whisky—or whatever it may be—is available around the world. The more we can encourage businesses to export, the more likely they are to prosper. One of the advantages in Northern Ireland in particular is that, because of the Windsor framework, it has an opportunity to enter into an EU market much more readily than elsewhere. One of the sadnesses of Brexit is that 16,000 fewer businesses in the UK now export, and that is largely because they have given up on Europe. That is one of the things I radically want to change.”
“The hon. Member is absolutely right that the vast majority of the companies we will be talking about are SMEs—88% of the companies that benefit from UK Export Finance are SMEs. [ Official Report , 5 January 2026; Vol. 778, c. 1WC.] (Correction) We are bringing forward this Bill because we are getting to the limit of what is allowed under current legislation and we need to expand that. I have specifically spoken to UK Export Finance about looking at new ways to support SMEs. The retail banking sector in the UK also sometimes needs to understand better how it can support small and medium-sized enterprises to export around the world.”
“Some £14.5 billion of UK Export Finance support last year was used to support 70,000 jobs, adding £5.4 billion to GDP in the UK, including across several key industrial sectors such as clean energy, advanced manufacturing, life sciences and automotive.”
“Secondly, it raises the amount that the Secretary of State may increase the limit by from £1 billion to £1.5 billion. That is something he can do four times under the 1982 Act. Thirdly, the Bill amends the Export and Investment Guarantees Act 1991 to increase the commitment level from roughly £84 billion to £160 billion. Fourthly, the Bill allows the limit to be increased by increments of up to £15 billion by secondary legislation. Finally—this is perhaps the single most important and most useful thing to the ordinary punter out there—it changes the 1991 Act so that the limit is expressed in pounds sterling. In other words, it will be in common parlance, rather than referring to special drawing rights, which I think has confused an awful lot of people for a long time. I will give just a few examples of why all of this matters.”
“This is one of the problems with Brexit, isn’t it? It has provided a variety of different sets of rules for different parts of the United Kingdom, and that was always one of its inherent problems. Northern Ireland voted against Brexit, and we are now trying to make it work as best we can. The hon. and learned Gentleman is absolutely right. Of course there are going to be problems under state aid rules for some businesses in Northern Ireland. That is why we are trying to do two things at the same time: to ensure that the Windsor framework is adhered to, but also ensure that we have a single UK internal market. The Bill is short—it just manages to get on to a second page—but it does some important things. First, it increases the Industrial Development Act limit on financial assistance from £12 billion to £20 billion.”
“A fair amount of London Fashion Week is supported by either the Department for Business and Trade or the DCMS, and many NewGen designers have gone on to achieve great success in the market. We also try to ensure that we have a presence in other fashion weeks, such as those in Paris and New York, and we provide other finance as well. There is a wide variety of measures, some of which are covered by the Bill, but I can assure my hon. Friend that the creative industries are very much part of what we are considering. I was struck by, in some—oh, I am not allowed to refer to those matters until tomorrow.”
“That is an extremely good point. The creative industries are, of course, one of the eight key industrial sectors that we are keen to promote. The music export growth scheme is specifically intended to ensure that a wide variety of acts are able to tour around the world. We need to sort out with the European Union the issue of British acts being able to tour effectively and cost-effectively around Europe, but bands from Scotland, Wales and every part of England have been able to access that finance, and it is a key part of what we do. As for fashion, I know that you try to do your bit, Madam Deputy Speaker—as, I am sure, do all Members who want to promote British fashion—but it is important to note that the Department for Culture, Media and Sport provides support for NewGen.”
“Similarly, in the midlands, the midlands engine investment fund II has launched a £400 million fund to drive sustainable economic growth by supporting innovation and creating local opportunity for new and growing businesses. I am getting a feeling from the Chamber that everyone will be supporting the Bill. I think that, broadly speaking, it has cross-party support, and I think it important that we get it on the statute book soon enough to be able to provide that support for the businesses in the UK in the next financial year, so that we can prosper, grow the economy and protect jobs.”
“Of course there will be massive contracts, such as the $3.5 billion expression of interest that we have allowed for the building of the new Dubai airport so that British businesses will be able to put in for some of the ensuing tenders—perhaps for hangar doors, the building of additional facilities, maintenance services or architectural designs. However, 88% of what we are talking about in respect of UK Export Finance is for SMEs. [ Official Report , 5 January 2026; Vol. 778, c. 2WC.] (Correction) I will make two more points, and then I will come to a close. Through existing provisions in the Industrial Development Act, the British Business Bank’s northern powerhouse investment fund II has directly invested £115 million in more than 300 small businesses.”
“For instance, the £128 million—I think—that has been given to BioNTech is specifically designed to develop two new R&D hubs producing 400 new highly paid jobs in the life sciences sector, and also, incidentally, to tackle skin conditions and melanoma, which are among the subjects on which it is working. The right hon. Gentleman is right to say that a difficult moment often arises, but one of the complaints I have received from quite a few sectors is that the UK can be a bit slow about deciding when we are going to support someone, and I want to be able to speed up that process as much as possible. As I said to the hon. Member for Strangford (Jim Shannon) and the hon. and learned Member for North Antrim (Jim Allister), I think the key to much of what we are trying to do involves supporting SMEs.”
“Well, I hope that I can find the right hon. Gentleman’s sweet spot, as he is such a dedicated follower of fashion. He has made a very fair point. This is the classic problem for Governments when it comes to any industrial support, whether it is a loan or a grant: if the business is so successful, why does it need additional financial support? That is why, because of the structure that we have created through those two Acts, UK Export Finance actually makes money for the British Government. It is based on loans being made at normal rates, and sometimes it manages to lever in retail finance as well, which is a particularly important part of its work. [ Official Report , 5 January 2026; Vol. 778, c. 1WC.] (Correction) However, when we provide a grant we have to ensure that it is intended to achieve a set series of aims.”
“One area in which we have set aside money was specifically in relation to Ukraine, where the reconstruction will be one of the most important things for UK businesses to be involved in over future years. It will be difficult to get the insurance necessary to be able to provide that simply on the open market, which is why UKEF funding is particularly important. The shadow Minister said that we should not export to companies that could do us harm. She is absolutely right about the side-stepping of sanctions on Russia. We have frequent discussions about that, and UKEF is particularly keen on carrying out due diligence on it. It is why we must constantly revise how we implement our sanctions regime, to ensure that it is doing damage to the Russian Federation’s economic advances.”
“We are trying to shift our FTAs towards dealing not just with goods but with services, because that is where some of the added value is for the UK. Several hon. Members have asked about regional disparities. Those are one of the key things we have charged UKEF with, and I know that it is keen to address them. I have a long list in my briefing notes of different parts of the country in which UKEF funding has been supportive or where there have been grants, but I will not lay them all out now. The shadow Minister asked about new markets. That is often precisely what we are looking for: new markets for individual exporters and new markets for the UK in general.”
“The strict answer to that is no. However, UKEF’s mission is “to ensure that no viable UK export should fail for lack of finance or insurance from the private sector.” My hon. Friend the Member for Leyton and Wanstead (Mr Bailey) made the key point about cohering power. That is precisely what UKEF is able to provide. Sometimes, particularly under export development guarantees, UKEF funding can help to extend capacity or terms—that is an important part of what it does. It is not that there will never, ever be commercial finance and UKEF funding, but obviously we are not trying to supplant commercial funding. We are also aware, of course, that financial services are one of the key things that we do around the world.”
“I thank colleagues for everything that they have had to say. I am not sure whether it was Reagan or Bush, but one of them went to France and said that the trouble with the French economy was that there was no French word for “entrepreneur”. It was repeated by a Conservative Secretary of State for Wales, who went to Wales and said that there is no word in Welsh for “entrepreneur”—that was a bit ironic. I will try to do something extraordinary, Madam Deputy Speaker, by answering the questions that have been put to the Government. [Hon. Members: “Hear, hear!”] I don’t think it will catch on. I will start with the questions put by the shadow Minister, the hon. Member for West Worcestershire (Dame Harriett Baldwin). Her first question was about whether I can guarantee that no commercial finance will ever be used where UKEF finance is involved.”
“Yes, but I am not sure that the hon. Gentleman was here for the rest of the debate. [ Interruption. ] Oh, he was sitting on the Front Bench—I do apologise.”
“52(1)(a)), That, for the purposes of any Act resulting from the Industry and Exports (Financial Assistance) Bill, it is expedient to authorise the payment out of money provided by Parliament of any increase attributable to the Act in the sums payable under or by virtue of the Industrial Development Act 1982 or the Export and Investment Guarantees Act 1991 out of money so provided.— (Jake Richards.) Question put and agreed to.”
“(3) Any proceedings on Consideration and proceedings on Third Reading shall (so far as not previously concluded) be brought to a conclusion three hours after the commencement of proceedings in Committee of the whole House. (4) Standing Order No. 83B (Programming committees) shall not apply to proceedings in Committee of the whole House, to any proceedings on Consideration or to proceedings on Third Reading. Other proceedings (5) Any other proceedings on the Bill may be programmed . —(Jake Richards.) Question put and agreed to. Industry and Exports (Financial Assistance) Bill (Money) King’s recommendation signified. Motion made, and Question put forthwith (Standing Order No.”
“It is about Scotch whisky and salmon, and Welsh whisky; aircraft engines and wings; life sciences and advanced manufacturing. It is about jobs and our prosperity, so I hope that all right hon. and hon. Members will support the Bill tonight. Question put and agreed to. Bill accordingly read a Second time. Industry and Exports (Financial Assistance) Bill (Programme) Motion made, and Question put forthwith (Standing Order No. 83A(7)), That the following provisions shall apply to the Industry and Exports (Financial Assistance) Bill: Committal (1) The Bill shall be committed to a Committee of the whole House. Proceedings in Committee, on Consideration and on Third Reading (2) Proceedings in Committee shall (so far as not previously concluded) be brought to a conclusion two hours after their commencement.”
“This Bill is about enabling Scottish indie acts like corto.alto and Young Fathers, and Wales’s the Bug Club, to tour the world. It is about funding low-carbon hydrogen production. It is about helping Superior Wellness to sell hot tubs and spas around the world. It is about enabling 3TOP Aviation to expand its sustainable aircraft services into new markets. It is about helping SRT Marine Systems to sell its maritime surveillance in Indonesia and Kuwait. It is about enabling UK businesses to get contracts to help build the new Dubai airport. It is about enabling BioNTech to open two new research and development hubs. It is about helping Kindeva in Loughborough and Clitheroe to develop new respiratory inhalers. It is about enabling a new multibillion-pound car battery factory, creating 4,000 jobs.”
“Friend also talked about the cohering power, which is very important. He said that I could read his views—I know can, because he gave me a letter only 10 days ago, which I have read and officials in the Department are reading as well. I am enormously grateful to our trade envoys, in particular those who provide clear reports when they come back from visits about the things that we have achieved. They are achieving those things as part of the UK team. In the new year, I want to vitalise the whole House so that all Members, who often know the businesses in their communities better than anybody else—certainly better than any Government Department—bring people to us who might be thinking about exporting in the future, so that we can strengthen that opportunity.”
“2WC.] (Correction) It will create 750 jobs by 2027 and will assist the UK steel industry, so my hon. Friend is absolutely right and I agree with him. My hon. Friend the Member for Leyton and Wanstead, who is another of our magnificent trade envoys, asked more questions than the shadow Minister—I am not sure whether he is auditioning for some other post. He is absolutely right about the importance of our critical minerals strategy. Our relationship with Africa will be essential to deliver on that; other countries are seeking to make inroads there, and we cannot leave that be. He asked how the updated UKEF strategy fitted with what we are doing today. Well, the new strategy simply cannot exist without the extension of the financial provisions that we are introducing through the Bill. My hon.”
“As I told the House last Thursday, I was in Brussels last Wednesday to meet Commissioner Šefčovič to talk about the EU steel safeguards, and to make sure it is understood that we are not the problem for the EU and the EU is not the problem for us, so we ought to be able to come to some agreement in that space. We know that our steel safeguard runs out at the end of June. We need to make sure that we have adequate measures in place thereafter, and we will do so. My hon. Friend the Member for Newton Aycliffe and Spennymoor (Alan Strickland) talked about the importance of exports, in particular for businesses in his own region. To give just one statistic, UKEF provided a £590 million loan for SeAH Wind UK, which is building an offshore wind factory in Teesside. [ Official Report , 5 January 2026; Vol. 778, c.”
“Friend the Member for Middlesbrough South and East Cleveland (Luke Myer) said that I had not aged a day since I was last a Minister under Queen Victoria, but I think he inadvertently misled the House; I hope at some time that he will be able to correct the record. He is absolutely right about arbitrary figures. There are arbitrary figures, and previous Acts of Parliament did not allow us to amend them to update them sufficiently in line with inflation—we need this primary legislation to do that. My hon. Friend is also right about the steel industry. I assure him that our steel strategy will come out in the new year. It will be very clear about how important we think the steel industry is to the UK, and about having a sovereign capacity in the UK for a variety of different forms of steel manufacture.”
“He asked whether the target of 1,000 SMEs is ours or that of the previous Government—it is our target as well. We want to be ambitious about that. The hon. Gentleman asked about spending decisions and accountability. If only he knew somebody on the Business and Trade Committee to whom he could talk about questions of UKEF. Oh no, he’s on it—I’d completely forgotten, Madam Deputy Speaker! I am sure there are plenty of means for him, but I gently say to him that in my experience, the whole system of accountability of expenditure in the House is pretty shabby. It is not my job to write how we should change that in the future, but he might come up with some suggestions and put them to others. My hon.”