Extracts from Westminster Hall debate on Foreign Direct Investment 2016-17 - Sep 12
Wednesday, 13 September 2017 08:08
Bill Esterson (Sefton Central) (Lab):...Nissan’s car plant in
Sunderland employs 6,100 staff and an estimated 24,000 additional
jobs are linked to it through the domestic supply chain. That fact
and the hon. Lady’s point about Mitsubishi demonstrate just how
important Japanese investment is for our car industry. The previous
Labour Government helped to establish the Automotive
Council UK, which turned around the struggling UK car sector
and has contributed so much to making it a...Request free trial
(Sefton Central)
(Lab):...Nissan’s car plant in Sunderland employs 6,100
staff and an estimated 24,000 additional jobs are linked to it
through the domestic supply chain. That fact and the hon. Lady’s
point about Mitsubishi demonstrate just how important Japanese
investment is for our car industry. The previous Labour Government
helped to establish the Automotive Council UK, which turned around
the struggling UK car sector and has contributed so much to making
it a success story. Labour intervened to boost that vital
industry—the 2009 car scrappage scheme played a key part in
increasing demand for new cars. In contrast, the Government’s
current inaction is a serious threat to the industry’s ability to
compete...
The Parliamentary Under-Secretary of State for
International Trade (Mark Garnier):..The shadow Minister
also made a great deal of reference to the Automotive Council UK, the car
industry and what is going on in terms of investment. It is right
to highlight the car industry, which is an amazing example of a
great success story in the UK. By the way, we can look at the
experience of Jaguar Land Rover as a historic example. It has
always been a great British brand that has built some fantastic
cars, but it is the Indian production techniques that have turned
it into a truly profitable and successful business. The foreign
direct investment coming into JLR and continued investment of the
UK demonstrates more than anything else how productivity and jobs
are increased by FDI...
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