Speeches by Maynard.

“How much visibility do you have on the EU? The US is doing that thing, and the only other party that perhaps has sufficient scale might be the EU. It has RESourceEU. How much is it doing in terms of working out, “We have a risk in this mineral, this mineral and this mineral. We want to have refining and smelting somewh…”

“Thank you all for being here. I want to ask you about sovereignty and the relevance of focusing just on the UK or focusing on the UK and its allies. I am aware of various things. There is the G7 critical minerals action plan, the Minerals Security Partnership, RESourceEU, Pax Silica and all these things floating about.…”

“This is industrial subsidies—grants, income tax concessions and below market borrowings. It is China, ex-China Asia-Pacific, Europe and North America. China is massively larger. The chart is from the OECD, so it is good data.”

“What would you like to be different? What could the UK change so that innovation happened more effectively in the UK?”

“If we accept that the UK Government are exactly as you describe them—I am not arguing—how would you compare that with the EU and the US, which are grappling with the same problem? Is either of those further advanced? Do they have better ideas or better plans? Is there anybody out there to look at? Does anybody else hav…”

“That will not work, will it?”

“Mr Grady, what do you think the UK can learn from the remarkable steps that China has made in innovation in your sector? What should we be doing given what you see it has been doing?”

“It is percentages.”

“I mean in the public domain. I worry that we need to discuss it publicly because otherwise none of us is going anywhere.”

“Going back to Sabina, who would you recommend that we, as a Committee, go and have a look at in terms of the best research about the security risks around tech between China and other countries? The US is thinking about this; the EU is thinking about it; the UK is thinking about it. Who has the best research out there?…”

“We need to live with it.”

“How do we do that, apart from saying, “Please come”? We are outside the large market of the EU, so we are not necessarily the first on the call list.”

“If I may play devil’s advocate, you just mentioned that we are 1% of your entire global market, so we are kind of irrelevant. If we are only 1%, does it really matter that much? You just go after the talent; we want to be the best talent and do the best research, so the 1% seems a bit like retribution.”

“I would like to refer the Members to my entry in the register, particularly my stake in BDA Partners, which I founded in 1996. Rain, talking about trade balance, the trade deficit in goods with China has doubled from 2019 to 2025 from about £20 billion to just over £50 billion today. There is no sign of that changing. …”

“I take all those points, but we previously had the WTO rules, which were a way of policing these sorts of things. We have now lost them, effectively. In some ways the argument might be that the UK is a mid-sized economy and China is a behemoth, so we should get out of the way of the things that it is producing; we cann…”

“What about beyond that?”

“Is there any recent track record of that working?”

“It is a pleasure to serve under your chairship, Dr Allin-Khan. I thank my hon. Friend the Member for North Norfolk (Steff Aquarone) for securing this important debate. We have all received casework on this issue from so many residents who are so worried and have been impacted by what has happened as a result of Trump’s…”

“If I have an AI data centre at gate 2 and something else there, do you think there is a case that the data centre should win through in that discussion?”

“Putting that into a geographical context in the UK, a lot of power is increasingly generated off the North sea, so further north. I hear arguments about latency and the need for a data centre in the south-east, otherwise it is not much use to us. Is that misconstruing the case?”