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My intervention on the UK Trade Performance Ministerial Statement

Thursday, May 9, 2024 9:10

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Sir John Redwood (Wokingham) (Con):

I am grateful for the statement. It is wonderful news on exports; it shows that all the pessimism at the time of the referendum was completely wrong. I fully support the approach of the Secretary of State in delaying the target for battery vehicles, because people are not buying them in enough quantities, but will she add to that by adopting the advice of Stellantis not to fine motor manufacturers here for producing good petrol and diesel cars before people are ready to buy electric ones, because that is putting off investors?

Kemi Badenoch (The Secretary of State for Business and Trade):

I understand the point that my right hon. Friend makes. This is something that we have heard from some bodies in industry. The auto sector is giving us two different messages. Some people want us to bring the mandate forward and make the change faster; others want us to delay it. It is a very tricky balance. We understand the concerns. We do not want to put additional burdens on business, so he is right to make that point. I have made representations to the Transport Secretary, but this is his policy area, and he will make the ultimate decision.

Source: http://johnredwoodsdiary.com/2024/05/09/my-intervention-on-the-uk-trade-performance-ministerial-statement/

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