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The Parliamentary Secretary, HM Treasury (Lord Pitt-Watson) (Lab)

Speaking in the House of Lords on 1 September 2026

Debate

United Kingdom: Business Competitiveness

Contribution

My Lords, it is an honour to be answering this Question from the Dispatch Box. British business is competitive. It creates jobs, it produces the goods and services on which we depend, and it pays tax that funds public services. Those services in turn support business, and paying for them fully generates fiscal stability. Those services and that discipline in turn underpin business competitiveness. It seems to me that, through the system, we should be thanking businesses for the huge burden they bear and for the amount they generate for our economy and society.

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