Queen’s Speech — House of Lords, 2022-05-18
Topic: Foreign Trade
Monroe Edward Palmer (Liberal Democrats, Centre to centre-left): Following that rather unique opinion, I am very happy to take part in this debate on the gracious Speech and what it did and did not say. Contrary to common belief, it is trade that makes the world go round. Does the Minister accept that the Johnson oven-ready Brexit deal has not led to an increase in trade but to significant falls in UK imports and exports, leading to rising food prices and empty supermarket shelves? The supply chain in so many areas of activity which has existed on JIT—just in time—is finding that it no longer works; when reordering, it is now JTL, just too late. Can the Minister please comment on what the Government plan to do about threats to UK farming and industry, a very important part of our trade Since last year, headlines have reported widespread disruptions to supply chains, leading to delayed deliveries, higher prices, gaps on shop shelves and even petrol stations without fuel. This is the reality—not the situation described by the Minister. Greggs, IKEA, Tesco and BP have all reported on these issues. Can the Minister please update the House on the reports, six months ago, of Coca-Cola reporting stock shortages and its battle to get enough cans to put its cola in? But it is not only soft drinks that have been affected—I am sure noble Lords will be pleased to hear. If your tipple is Johnnie Walker, Smirnoff, Captain Morgan or Guinness, prepare for a deprivation, as Diageo said that it was facing a "more challenging" environment. As for the gourmets: McDonald’s and Nando’s reported disruption to their supplies. Can the Minister please update the House on whether frozen food suppliers are, as they would have done in all previous years, laying down stock for Christmas? Some of them just cannot get any stock to lay down for Christmas It only gets worse. Unilaterally tearing up the Northern Ireland protocol is an egregious breach of international law which will plunge the UK into a trade war with our closest neighbours. The Conservatives must release the Attorney-General’s legal advice on the protocol immediately, along with the economic impact assessment of scrapping it. If there is nothing to hide, there is nothing to fear Any responsible Government would be announcing an emergency VAT cut to combat soaring bills and food costs. Instead, Johnson’s Conservatives put forward plans that will make it harder for the millions of families struggling to make ends meet. If the Tories go ahead with his plans laid out in the gracious Speech, they risk starting a trade war with our largest trading partner and turning a real cost of living crisis into a catastrophe. At a time when we should be working with our allies in the face of Russian aggression, despite what the previous speaker has just said, these measures which breach international law will ignite a diplomatic firestorm. This public posturing undermines our standing on the world stage and only makes matters worse. We need the UK and the EU to calmly work pragmatically to find solutions. I read in today’s newspapers that the Foreign Secretary is talking very bullishly about tearing up aspects of the Northern Ireland protocol Historically, Britain has been one of the great trading nations of the world. I regret that, under this incompetent, cavalier and rule-breaking Administration, it can no longer be called so. I wait with bated breath to hear how the Minister is going to preserve and enhance our reputation as one of the greatest trading nations of the world.