L

Lord Vallance of Balham (Lab)

Speaking in the House of Lords on 11 September 2025

Debate

Merck Research Site

Contribution

I reiterate my point about VPAG: it ended up in an unexpected place. It was negotiated in good faith by the previous Government and the industry, and the result was not the one that anyone expected. We are negotiating to try to get that in the right place. We got very close to a deal. That is clearly now complicated by a number of factors, including the prospect of tariffs from the US. We continue to talk to the industry regularly on all these matters.

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