Thread by @StateAidLaw

The UK has traditionally invested far less in its businesses through #StateAid than other EU countries.

I welcome greater investment by this Government so we can #catchup and hopefully overtake.

The greater the sums invested, the more important it is that we have effective subsidy control rules, which:

- protect the #taxpayer from excessive subsidies;

- guard against #cronyism;

- coordinate public funding towards objectives such as #levellingup and #climatechange.

In my view:

1) the #FTA dispute resolution mechanism between 🇬🇧 and 🇪🇺 should apply only to material distortions of competition which affect trade;

2) below that level, the 🇬🇧 should still have #StateAid rules to achieve the benefits set out above.