This is a debate on Britain in the world but, as hon. Members know, all politics is local, so I wish to focus on what is happening in my constituency and how issues in the world are affecting it. This Budget has shown me, once again, that austerity is not working, that the pain of austerity is hitting the poorest people in my community hardest, that major businesses have real uncertainty about the future because of the current EU situation, and that key industries in my area need real answers from the Government about the future of their economy in the next few weeks and months ahead.
My area in Wales has faced a 7% cut in its budget from the Welsh Assembly over the past seven years—this is real money being lost. That has had an impact on our ability to build council houses, although my local Flintshire County Council is trying to defy that by building them now, and on public services. The public sector pay cap is squeezing hard the incomes of people who are contributing to our society and working hard in their communities. We have uncertainty about the European Union, and the Foreign Secretary’s opening remarks provided no clarity on the key issues that my constituents face. We also have that squeeze on local government spending, which is difficult.
In my area, we make things. We make planes and cars, we produce steel, we do construction and housing, and we have farming and tourism. Yet all those industries, even today, face uncertainty because of the inconsequential approach of the Government to the European Union issue. Let me take Airbus as just one example. It employs 6,000 people in my constituency. It is asking for a transitional deal for two years and wants to remain in the single market. Its chief operating officer, Tom Williams, has said that the world is now a dangerous place for this successful company with high-skilled workers that produces world-class planes. Airbus exports £6 billion-worth of goods to the European Union each year as part of the manufacturing industry. Its employees make 80,000 trips each year to make those planes in France, Spain and elsewhere. This is a really important issue.
EU funds worth £680 million come into Wales each year, but I heard nothing from the Foreign Secretary about what will replace those funds. The farming industry in my area exports £250 million-worth of sheep and beef products to Europe, but we have heard nothing today about tariffs or what will happen in respect of contracts that may well be signed as early as February and March next year. We will potentially have to compete with Australia and New Zealand in the sheep and beef markets.