Great Britain to Northern Ireland Trade

Part of Private Members' Business – in the Northern Ireland Assembly at 4:45 pm on 16 September 2024.

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Photo of David Honeyford David Honeyford Alliance 4:45, 16 September 2024

The Member talks about concerns and keeps putting forward problems, but they are not highlighted by any of the main official industry bodies. That matter is not being highlighted: if you searched for it, you would not find it.

Look at our local economy. It has been said in the Chamber that trade is down. That is absolutely not true. Trade between GB and Northern Ireland has risen overall. Look at the HMRC figures: the absolute black-and-white figures show that trade between GB and Northern Ireland has increased. It is up by 13% from the most recent figures to 2022 to £14·1 billion. You were selling yourself short at £12 billion; it is £14·1 billion. That is an increase of 13% on the year before. When you break those figures down, you see that motor vehicles are up 34%. If you look at minerals, fuels and oils, you see that those are up 55%. However, there are elements of a decrease: miscellaneous edible preparations are down by 32%. I think that that is the one that you were quoting. You quote one figure, but you do not quote the whole vision of what is happening.

We are seeing a change in our economy. Businesses are just getting on with what businesses do, which is supplying their customers, providing jobs and growing themselves. A realignment is happening in businesses. They are taking advantage of different rules. Our focus should be on growing our economy. We have come from a low base. Our focus should be on getting jobs and creating prosperity for people locally. A local haulage company in Lisburn has exploited the situation. The business is looking to expand. It used to come from GB to Northern Ireland. It then changed its model and went to goods from Europe coming to Northern Ireland, and it has now gone back to GB. It is expanding threefold what it is doing. It has signed a contract to supply Marks and Spencer. That is a great news story.