L

Lord Pitt-Watson (Lab)

Speaking in the House of Lords on 1 September 2026

Debate

United Kingdom: Business Competitiveness

Contribution

One swallow does not make a summer, but the UK’s growth was number one among G7 countries in the first half of this year and the previous year had record productivity. Dismissing that and saying that growth is not taking place misses the evidence that we are beginning to see. What do we intend to do on this? We intend to follow the policies that have been working: the industrial policy, the planning reforms, the new sources of finance, being sensible about government accounting so that capital is not discouraged, fiscal credibility and good trade deals.

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