L

Lord Sterling of Plaistow (Con)

Speaking in the House of Lords on 25 February 2025

Debate

Plant Oxford Site

Contribution

My Lords, I have a deep concern. There is now a general view at Motability, which I founded, as some noble Lords will be aware, that it will not go to electric cars. For many car manufacturers today—very much in Germany and other places such as that—the margins are so thin that, over the next few years, many of them will go broke. I draw that to the Government’s attention before we put money into a company which may eventually go broke. Capitalism will work, but not necessarily in our favour.

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