Tom Tugendhat

I shall begin, if I may, by saying to the Minister: you’re welcome. It is a pleasure to hear his statement today and to hear the areas where he is taking things forward. I particularly welcome the update on connected devices. There are a few other areas where connected devices are very real. My hon. Friend the Member for Rutland and Stamford (Alicia Kearns) spoke from the Dispatch Box about vehicles, which are intelligence-gathering platforms on wheels when they are made in Beijing and shipped over here, and there is a whole series of other areas where we are seeing this level of threat continue and deepen. The Minister also spoke about the fact that we need a relationship with China, and I do not disagree with him on that, but it is somewhat insulting when the Chancellor goes to Beijing and comes back with £600 million of investment over five years. Frankly, that is peanuts. Chinese foreign direct investment in the UK is less than 0.2%, according to the Government’s own trade and investment figures. We need to look at where we can compensate for that dependency, perhaps by increasing US FDI by 1%, which would be almost double the Chinese investment. We need to look around the world at alternatives. We also need to be clear eyed about the threats, and I reiterate the point that my hon. Friend made from the Dispatch Box: we need to place China on the enhanced tier of FIRS.