Mike Reader

Mike Reader

Labour — Northampton South

Speaking in the House of Commons on 4 July 2025

Debate

Space Industry (Indemnities) Bill

Contribution

Where they are from, I do not know, but I am sure they are working hard in their constituencies right now. I will keep the collegiate relationship we have here today, but I thank my hon. Friend for that comment. I was talking about international impacts. As the chair of the all-party parliamentary group on international trade and investment, I think the Bill is a very positive step forward to help drive investment. As we see countries such as the US, Luxembourg, Australia and Japan change their regulatory regimes, we need to keep that front and centre. I did say I would briefly mention the civil economy, as we have a Minister from the Department here today. Regulatory certainty matters. I see that the Sustainable Aviation Fuel Bill is coming forward, but I note that the fuel strategy is also very important. One in five of my constituents work in logistics, so it is critical that we see certainty in all sectors of the Department for Transport. I will conclude by saying this. Space is no longer the preserve of big Government agencies alone. We see a lot of innovation. As my hon. Friend the Member for Portsmouth North (Amanda Martin) said in relation to her constituency, there is fierce commercial competition and a lot of opportunity. The Bill will ensure that, whether we are exploring near space, planets, exoplanets, exomoons or even going out further into space, we support the British economy and get the space industry growing.

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