Life Sciences Investment
Debate between Ian Murray and Jim Shannon(1 month ago)
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Ian Murray
I would say to life sciences students in the fledgling part of their career that it is a career they should be in for the long term. Life sciences is the future, which is why it is one of the eight key sectors in our industrial strategy. The news the Government have had today on MSD’s commercial decision is incredibly disappointing, but lots of wonderful stuff is going on in the sector, so we should not talk it down. Moderna is investing more, BioNTech is investing more, Isomorphic Labs is investing more, and RoslinCT in my constituency is investing more. Right across the Chamber today we have heard about the companies that are investing more in life sciences. It is a growing industry, so I say to fledgling academics and people who want to get involved in the industry: get in there.
Jim Shannon (Strangford) (DUP)
I thank the Minister for his answers. I think we are all seeking reassurance in relation to the sector. The news that MSD has withdrawn its plan for a research centre in the United Kingdom, with the loss of 125 potential jobs and staff, is devastating for our science plans. It shows a lack of faith in long-term planning by the investors we are so reliant on. How will the Minister seek to reassure global partners that science investment is a priority for this Government? Will we see a swift return of investment to the United Kingdom of Great Britain and Northern Ireland?
Ian Murray
Our workforce are the very best in the world, and our world-class institutions are made world class because of that world-class workforce. This is the best place in the world to invest at the moment. We are in discussions with the US in respect of the pharmaceutical industry and the tariffs in the EU-US economic deal. Lots of positive stuff is going on in the industry, and if we are to send out one message to the industry from the House today, it is that the industry is thriving. It is one of the eight key sectors in our industrial strategy and this Government back it. We are backing it with money, with our strategy, and as a whole Government.
Oral Answers to Questions
Debate between Ian Murray and Jim Shannon(10 months, 1 week ago)
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Ian Murray
I join the right hon. Gentleman in his tribute to Peter MacMahon as he steps down as the political editor of ITV in the Borders region. He and I share something closely: we both have good faces for radio, but it is always nice to appear with Peter MacMahon on television. This Government are committed to clean power by 2030, and of course, nuclear is part of that mix.
Jim Shannon (Strangford) (DUP)
The Secretary of State will recognise that the rise in national insurance contributions will have a clear impact on economic growth, whether in Scotland or anywhere else in this great United Kingdom of Great Britain and Northern Ireland. Representatives from the food sector tell me that food prices will increase by between 15% and 20%. That will impact the ordinary man and woman in the street. What impact does the Minister think the rise in national insurance contributions will have on economic growth?
Ian Murray
Economic growth is the No. 1 mission of this Government, as the hon. Gentleman knows. When the Chancellor came to the Dispatch Box to deliver her Budget, she started on minus £22 billion—that black hole left for us by the previous Government. We chose investment over decline and we chose to end austerity, so tough decisions had to be made.
Oral Answers to Questions
Debate between Ian Murray and Jim Shannon(11 months, 1 week ago)
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Ian Murray
My hon. Friend has been a doughty campaigner for the Drumchapel project. She will not have long to wait, as the Chancellor will come to the Dispatch Box shortly and announce the Budget. I am hopeful that all these projects, including some of the anti-poverty projects that my hon. Friend has championed for years in her constituency, come to pass.
Jim Shannon (Strangford) (DUP)
When it comes to promoting economic growth in Scotland, it is clear that the best way to do that is from within this great United Kingdom of Great Britain and Northern Ireland. What is the Minister doing to make that happen, and to convince my SNP colleagues sat in front of me of the best way forward?
Ian Murray
The best way to keep the United Kingdom together is to make sure that this is a successful UK Labour Government, and that is what we are determined to do. May I point the hon. Gentleman to the row in front of him? There are nine SNP MPs left, and we have 37 Scottish Labour MPs. That is how we protect the Union.