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Author Archives: GovWorldMag

There is great untapped potential here for exports and growth – Gardiner

Barry Gardiner MP, Shadow Secretary of State for International Trade, responding to today’s announcement of a partnership between UKEF and high street banks, said:

“Small and Medium Sized Enterprises (SMEs) are the backbone of our economy, but have been neglected for too long. Lack of adequate export finance continues to be a big barrier to trade for British SMEs, which make up to 60 percent of private sector jobs, but currently only one in five exports. There is great untapped potential here for exports and growth.

“Labour has repeatedly called for more to be done to support and ensure that UK Export Finance (UKEF) is broadened away from arms and big ticket items exclusively, and in our General Election manifesto we committed to championing SME export interests.

“Today’s announcement from the government is a welcome agreement with us. However, export finance underwritten by British taxpayers should be subject to the most stringent scrutiny, risk assessment and ethical controls. Banks should not be allowed to pass ordinary lending risks to the taxpayer, nor should they be able to undertake undue risk under this scheme.

“This initiative should be used to support the growth in strategic sectors for the future of the UK economy. It should work in tandem with our industrial strategy so that taxpayer subsidised export credit does not put British industries and British jobs at risk.”

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The public has a right to know if any governments, foreign or domestic organisations or individuals are funding extremism in this country – Diane Abbott

Diane Abbott MP, Labour’s Shadow Home Secretary, responding to the Government’s decision to not publish the extremism funding report in full, said:

“The public has a right to know if any governments, foreign or domestic organisations or individuals are funding extremism in this country, and what the UK government intends to do to prevent that.

“Of course, security intelligence should not be compromised but this is easily achieved by redaction and other means. The Government would never have commissioned this report if it considered this problem insurmountable.

“Instead, there is a strong suspicion this report is being suppressed to protect this Government’s trade and diplomatic priorities, including in relation to Saudi Arabia. The only way to allay those suspicions is to publish the report in full.”

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There is clear and strong cross-party concern about leaving Euratom – Paul Blomfield

Paul Blomfield MP, Labour’s Shadow Minister for Brexit, speaking after a Westminster Hall debate today on the UK’s future membership of Euratom, said: 

“This is yet another important debate that the Brexit department has dodged, instead sending a Business Minister who was unable to provide any answers.

“The former Chancellor has indicated that David Davis and Greg Clark were overruled on continuing membership of Euratom by the Prime Minister. Reports from David Davis’ former chief of staff suggested that this was because of the Prime Minister’s absolutist and obsessional stance on the ECJ.

“There is clear and strong cross-party concern about leaving Euratom. It is time for David Davis to clarify if he is content to allow the Prime Minister’s reckless red line, threatening jobs and cancer treatments, to stand.”

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