B

Baroness Lloyd of Effra (Lab)

Speaking in the House of Lords on 22 April 2026

Debate

British Industrial Competitiveness Scheme

Contribution

The noble Lord raises the question of the business environment and electricity prices. One of the most important things for businesses around energy prices, business confidence and investment capability is the fiscal situation. Last week, the IMF welcomed the UK’s notable improvement in our public finances, with the economy growing by 0.5% in the three months to February. Taking long-term steps to create a stable economy will enable sound finances, lower prices and enable investment in energy over time, which will bring prices down.

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