L

Lord Sharpe of Epsom (Con)

Speaking in the House of Lords on 10 March 2026

Debate

Foreign Direct Investment

Contribution

My Lords, a report from the CBI and Energy UK found that 40% of firms have reduced investment because of high electricity costs, going back to a question that was just asked. Does the Minister accept that funding contracts for difference—subsidies through electricity bills—is making Britain more expensive and that key industrial sectors are becoming increasingly unattractive for investment, both foreign and domestic?

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