UK Modern Industrial Strategy

Samantha Niblett Excerpts
Monday 23rd June 2025

(3 days, 1 hour ago)

Commons Chamber
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Samantha Niblett Portrait Samantha Niblett (South Derbyshire) (Lab)
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As the founder of Labour: Women in Tech, I wholeheartedly welcome the industrial strategy’s ambitious goals to scale our tech sector and workforce. On 15 July in Parliament, I am hosting WeAreTechWomen and Oliver Wyman for the launch of the Lovelace report. The report has identified that between 40,000 and 60,000 female professionals are leaving the tech sector annually or seeking advancement opportunities elsewhere, which represents well over £1 billion of economic opportunity that could be unlocked by better supporting our existing skilled workforce. Does the Secretary of State agree that both inspiring new talent and supporting great existing talent and diverse teams, across all demographics, is fundamental to maximising returns on our industrial strategy investments and securing the UK’s position as a world-leading technology nation?

Jonathan Reynolds Portrait Jonathan Reynolds
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I thoroughly agree with my hon. Friend. It is brilliant to see her in Parliament as she has been a trailblazer on these issues, and I recognise the case that she has put forward extremely well. I recognise that this is a core economic priority for the United Kingdom, and it is great to see her as an advocate for that on the Government Benches.

Steel Industry (Special Measures) Bill

Samantha Niblett Excerpts
Jonathan Reynolds Portrait Jonathan Reynolds
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I think my hon. Friend refers to clause 7, which deals with compensation. Again, let me be clear: this is a clause that we would put in any Bill. We are not Russia, and we do not sequester assets. The language in the clause—the legal definition—is something that we would use in most standard procedures. Going back to the question from the right hon. Member for Goole and Pocklington (David Davis), the effective market value of Jingye is zero, so there is no inconsistency between those two points.

Samantha Niblett Portrait Samantha Niblett (South Derbyshire) (Lab)
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What is happening today is something that mining communities like Swadlincote, in my constituency of South Derbyshire, will be feeling deeply in their souls. It is something that they could have only dreamed of back in the 1980s, when they wanted a Government who had their backs and prioritised the national interest. Instead, they had a Conservative Government who sold them down the river. Does the Secretary of State agree that this is a pivotal moment in our history, because we have a Labour Government prioritising our people and the national interest?

Jonathan Reynolds Portrait Jonathan Reynolds
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This is a significant moment. How a country handles economic transitions is not about nostalgia for the past—we have to embrace the future—but how we help our people, our industry and our nation get to that point is key. My hon. Friend and I come from similar places, and we have not managed these transitions particularly well in the past. We are meeting this weekend to discuss the potential loss of thousands of jobs, which is what was on the line. The fact that we do not accept that, and that we will do things differently, is a welcome change.