Public/Private Partnerships: Shares

Lord Mohammed of Tinsley Excerpts

Monday 3rd November 2025 Lords Chamber

[Lord Wilson of Sedgefield (Lab)]

I was agreeing with some of that until it got to the very end. I thank the noble Baroness for her question. Obviously, we need to look at this closely. We want to open up public/private partnerships, where they are to happen, to investment from consumers and shareholders, but we need to wait until the Budget to find out exactly what is going to be done.

[Lord Mohammed of Tinsley (LD)]

My Lords, I join the noble Baroness, Lady Kramer, in wishing the noble Lord, Lord Livermore, all the best for the task he has in hand—it is going to be a very difficult one. In terms of public/private partnerships, what lessons can be learnt from what happened in Sheffield with the tree debacle? Will the Government use that as a case study of how not to go about a public/private partnership?

[Lord Wilson of Sedgefield (Lab)]

We will look at all avenues to improve any potential public/private partnership. There are obviously lessons from the past that we can draw on. I do not know the specific case that the noble Lord mentioned, but Ministers will look at this in the round. They are advising potential organisations on public/private partnerships and looking at legacy PFIs and what more they can do to help those PFIs to be managed, so there is a lot going on. We all want this to succeed and we need to draw on lessons from problems we have had in the past.