Industry: International Investment Debate

Full Debate: Read Full Debate

Lord Brookman

Main Page: Lord Brookman (Labour - Life peer)

Industry: International Investment

Lord Brookman Excerpts
Tuesday 2nd June 2015

(8 years, 11 months ago)

Lords Chamber
Read Full debate Read Hansard Text
Baroness Neville-Rolfe Portrait Baroness Neville-Rolfe
- Hansard - - - Excerpts

My Lords, my noble friend makes many good points, some of which I agree with. I look forward to further debates on these issues in the coming weeks and months.

Lord Brookman Portrait Lord Brookman (Lab)
- Hansard - -

My Lords, not everything in the garden is as rosy as the Minister has pronounced. Tata Steel, which she mentioned earlier, is withdrawing pensions from its employees, which did not come in for blue-collar workers until 1973, so there will be a call for strike action for the first time in many years in that vital industry. Not everything is perfect at the moment.

Baroness Neville-Rolfe Portrait Baroness Neville-Rolfe
- Hansard - - - Excerpts

I agree with the noble Lord that the car industry is vital, and I have been very much encouraged by how it has been changed and revived due to foreign investment but also to the brilliance and innovation of our country. There are always issues as industries change, and he rightly highlights one of them.