Robin Swann

I agree with the hon. Member. The right hon. Member for Belfast East (Gavin Robinson) mentioned earlier that every Northern Ireland politician who is worth their salt was at the Balmoral show last week, along with members of the Northern Ireland Affairs Committee and the Environment, Food and Rural Affairs Committee. The continual message was that agriculture in Northern Ireland is being strangled by some of the regulations coming from the European Union, preventing us from bringing forward a truly world-leading agricultural industry. On energy, the cost of fuel is impacting heavily on Northern Ireland, and that has a knock-on impact on our steel industry. There is a fantastic manufacturing base across Northern Ireland, but our businesses now face a dual burden. The Windsor framework necessitates the application of the EU carbon border adjustment mechanism on at-risk goods from Great Britain, which effectively creates a carbon border in the Irish sea that could add up to £200 million in annual trade costs and increase major project expenses by 5%. Our steel importers will also face a triple jeopardy of global levies, including US tariffs of up to 50%, an incoming UK regime that slashes tariff-free quotas by 60% this July, and ongoing EU safeguarding duties of 25% on goods that are deemed as at risk under the Windsor framework. That plethora of additional costs on raw material coming into Northern Ireland is not balanced out when we hear that this Government want to invest in our small businesses, especially our defence SMEs in Northern Ireland; they promised a £50 million investment coming into those small industries, while at the same time adding costs to their power and raw materials. The implications of the Bills in the King’s Speech have the potential to be truly life-changing. For example, there would be opportunities for my constituency if the powerhouse rail Bill and the railways and passenger benefits Bill could be brought to Northern Ireland, opening up the Knockmore line and Belfast International airport. The right hon. Member for Salisbury (John Glen) mentioned the enhancing financial services Bill. There is an opportunity for this Government to come into Northern Ireland and make a real difference in car insurance, if they were to take the powers proposed in the Bill to regulate claims management companies in Northern Ireland in the same way as they do across the rest of the United Kingdom.