Topical Questions

Part of International Trade – in the House of Commons at 12:00 am on 13th September 2018.

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Photo of Liam Fox Liam Fox The Secretary of State for International Trade and President of the Board of Trade 12:00 am, 13th September 2018

My hon. Friend asks two questions, the second of which is about our relationship with the United States. In our working group, we have had specifically dedicated discussions about how we might help SMEs on both sides of the Atlantic to improve that trade. Of course, one of the key elements of that is UK Export Finance. I am very pleased to say that, in a real change from previous practice, last year around 78% of the contracts that UK Export Finance placed were with SMEs. That is a real change that makes a difference to real businesses.