B

Baroness Lloyd of Effra (Lab)

Speaking in the House of Lords on 24 November 2025

Debate

ExxonMobil: Mossmorran

Contribution

I do not agree with that commentary on our approach to the economy. In fact, I want to take some time to talk about the positive signs in the UK economy. The UK was the fastest-growing G7 economy over the first half of the year, with cumulative GDP growth at 0.9%. The IMF forecast the UK to be the second-fastest-growing economy in the G7 in 2025 and the third-fastest in 2026. I am sure that noble Lords frequently hear the Chancellor and the Prime Minister talking about the value of the inward investment into the United Kingdom. They have been integral to securing that inward investment, as this is an extremely investable country.

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