L

Lord Bird (CB)

Speaking in the House of Lords on 30 October 2025

Debate

Public and Private Sector Productivity Trends

Contribution

My Lords, would the Government agree that, because we have a low-wage economy, we also have a low-investment economy? That is shown in the fact that 80% of all the transactions carried out by our banks, which were formerly owned by us, are in buying and selling private property, not in investing in new businesses and the kind of investment that the Government are now calling for.

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