Mansion House Accord Debate
Full Debate: Read Full DebateDepartment: Department for Work and Pensions
Johanna Baxter
Main Page: Johanna Baxter (Labour - Paisley and Renfrewshire South)Department Debates - View all Johanna Baxter's debates with the Department for Work and Pensions
(1 day, 15 hours ago)
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Torsten Bell
Savers can have lots of confidence, because the pipeline is already being delivered: solar farms approved; onshore wind happening after being banned for years under the Conservatives; the national grid actually being built out for once; homes being built right across this country, and being opposed by Conservative MPs right across this country. The pipeline is happening, because this country is building once again.
Johanna Baxter (Paisley and Renfrewshire South) (Lab)
I welcome the agreement that has been reached today. Does the Minister agree that the pension funds are able to make those ambitious commitments only because of the improved investment environment that this Labour Government are nurturing through economic stability—economic stability that is vital to protect working people, including those in Paisley and Renfrewshire South?
Torsten Bell
Exactly; that is what is going on. I speak to pension funds every week who say they are looking to increase their allocation of UK assets because political stability has been delivered—because Liz Truss has been exited from this building. I speak to Australian and Canadian pension funds as well who are saying that they want to open an office in the UK because political and economic stability has arrived.