L

Lord Vallance of Balham (Lab)

Speaking in the House of Lords on 11 September 2025

Debate

Merck Research Site

Contribution

I agree that this is a key area, and it is one that I am working on. I have worked on it with macroeconomists because it is something that we need to look at. We care about the industry in this country. We have two of the world’s largest pharmaceutical companies based here and our largest company is a pharmaceutical company. Those companies are essential. They train most of the people who end up working in SMEs and start-ups, and they are the reason why we have such a flourishing life sciences sector here. We need to look at the expenditure, not just from a narrow health economics perspective but from a broader economic perspective.

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