V

Viscount Stansgate (Lab)

Speaking in the House of Lords on 3 February 2025

Debate

Growing the UK Economy

Contribution

My Lords, I welcome the Chancellor’s speech and the positive statement of intent that it conveys. I put it to my noble friend that one key ingredient is investment in science and technology. I draw the Minister’s attention to one example. We know that we have strengths in the life sciences. A recent report by your Lordships’ Science and Technology Committee, of which I am a member, on engineering biology, indicated an enormous new range of potential growth opportunities. When the Minister and his noble friend Lord Vallance come to consider what to do, I hope that special attention will be paid to reports of that kind, because that is the future.

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