Space Industry (Indemnities) Bill

Part of the debate – in the House of Commons at 1:45 pm on 17 May 2024.

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Photo of Jonathan Lord Jonathan Lord Conservative, Woking 1:45, 17 May 2024

I thank my right hon. Friend for that Intervention. I can confirm that the Bill will set us on par with the United States and France, our friends and probably our main competitors in this important arena. The space industry is already worth £17.5 billion a year, and it is estimated that these measures will add tens of billions over the coming decade or more. My right hon. Friend makes a really important point; the Bill will make us competitive in an area where, currently, we are not quite there.

intervention

An intervention is when the MP making a speech is interrupted by another MP and asked to 'give way' to allow the other MP to intervene on the speech to ask a question or comment on what has just been said.