M

Member

Speaking in the House of Lords on 23 June 2026

Debate

G7 Summit

Contribution

The same is true on growth and investment. On the eve of the summit, my right honourable friend the Prime Minister welcomed the Prime Minister of Japan to Downing Street, to deepen our strategic partnership after they met in Tokyo in January. They agreed more than £18 billion-worth of investment in this country, creating tens of thousands of new jobs in infrastructure, offshore wind and financial services. That shows the value of building such bonds. This was followed, at the summit, with deals for a further £1.3 billion of investment from France and India in clean energy and artificial intelligence, creating more than 1,300 new jobs in Manchester, Leeds and Birmingham. My right honourable friend the Prime Minister agreed with India’s Prime Minister Modi the entry into force of the UK-India free trade agreement. This is the UK’s quickest ever turnaround from signing to entry into force, and it is one of the biggest deals either country has ever done. It will boost British GDP by £4.8 billion and boost real wages for British workers by £2.2 billion.

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