B

Baroness Young of Old Scone (Lab)

Speaking in the House of Lords on 30 June 2025

Debate

UK Modern Industrial Strategy

Contribution

My Lords, I welcome the industrial strategy. It is absolutely about stability and a sense of direction, which is what British business and, indeed, international investors have been calling for. I will press the Minister on the task of increasing private investment funding. In 2000, 50% of UK pension funds were invested in the UK. That has reduced to single figures now. If the pension and other institutional investment funds do not act on the Mansion House agreement voluntarily, will the Government consider mandating that?

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