Liam Byrne

Liam Byrne

Labour — Birmingham Hodge Hill and Solihull North

Speaking in the House of Commons on 22 April 2026

Debate

Pension Schemes Bill

Contribution

I can advance only my own analysis of what will be needed. Indeed, it is part of a wider Business and Trade Committee inquiry, which will produce a report in a couple of weeks, on how we transform the investment environment. The reality is that there is a shared ambition on both sides of the House to ensure that we fix this long-standing paradox. My judgment is that the measures the Minister is proposing are essential if we are to deliver on that by the early 2030s. It is just not good enough to try to persuade Britain’s pension funds through sheer mind powers alone to repatriate the investment they are proposing. By taking the Minister’s approach, we stand a better chance.

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