Government Departments: Communication with Industry and Commerce Debate

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Department: Department for Business, Energy and Industrial Strategy

Government Departments: Communication with Industry and Commerce

Lord Anderson of Swansea Excerpts
Monday 14th November 2022

(2 years ago)

Lords Chamber
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Lord Callanan Portrait Lord Callanan (Con)
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I am happy to give the noble Lord the commitment he seeks. Nuclear power will be an important component of our energy infrastructure and it is also important that we continue to invest in the SMR programme.

Lord Anderson of Swansea Portrait Lord Anderson of Swansea (Lab)
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My Lords, is the message that the Government seek to convey to the City and to commerce that a Conservative Government are best equipped to clear up the mess that only a Conservative Government could make?

Lord Callanan Portrait Lord Callanan (Con)
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I thank the noble Lord for his helpful question. The message we seek to convey is that the City of London is an important component of the UK financial infrastructure. It makes an important contribution to the UK economy. Proportionate regulation is vital to this sector, but we continue to encourage and support it.