V

Viscount Hanworth (Lab)

Speaking in the House of Lords on 10 March 2026

Debate

Foreign Direct Investment

Contribution

My Lords, the UK has been a premier destination for foreign investment. This has enriched the financial sector, which has mediated the inflows of capital. However, in the process, we have experienced a loss of economic sovereignty. We no longer own our airports, seaports, energy industry, water industry, rolling stock and much else besides. Moreover, the heightened demand for sterling has led to its overvaluation and to the collapse of our export industries. What can the Government do to lessen the detriment of foreign direct investment?

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