L

Lord Lamont of Lerwick (Con)

Speaking in the House of Lords on 10 July 2025

Debate

Primary Stock Exchange Listings

Contribution

My Lords, the loss of AstraZeneca, were it to happen, would be a devastating blow to the London Stock Exchange. Is it not therefore very important, if we are to retain the listings, that the Government have a supportive policy for life sciences in particular? Is it not regrettable, first, that the life sciences review has not yet appeared and, secondly, that the Government refused to back the vaccine plant at Speke near Liverpool? The Government also increased the rebate payable by pharma companies from drug sales from 15% to 22%—a stealth increase if ever there was one. Is it not important that, if we want to retain the listings, which will mean retaining the research, development and employment, we have a proper strategy with these companies and do not just regard them as cash cows but valuable investments to be encouraged?

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