Oral Answers to Questions

Barry Sheerman Excerpts

Thursday 7th February 2013 Commons Chamber

[Mr Barry Sheerman (Huddersfield) (Lab/Co-op)]

I hope the Minister will forgive me for describing that answer of his as a tad complacent. The fact of the matter is that when we talk to leading academics and leading investors in business we find that they think that in life sciences we are lagging behind the other countries we are competing with—particularly China, but also many other places. They are worried that what will happen in life sciences is what is steadily happening in pharmaceuticals, whereby we are losing our pharmaceutical industry and it is switching overseas.

[Mr Willetts]

There is certainly a global race and I believe that the Government’s policies are securing us a strong position in it. We are not complacent, but the improvements in the tax relief, the protection for medical research and the innovations taking products closer to market ensure that when companies look around Europe it is clear to them that Britain is the best place to locate their pharmaceutical activities.