Space Industry (Indemnities) Bill

Part of the debate – in the House of Commons at 2:03 pm on 17 May 2024.

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Photo of Gagan Mohindra Gagan Mohindra Assistant Whip 2:03, 17 May 2024

The next Buzz Lightyear or equivalent in the years to come. We are at the forefront of a cutting-edge industry and are world leaders in many parts of it. I appeal to all colleagues, whenever they go to technical colleges, universities or schools in their constituencies, to inspire that generation to ask themselves, “Why not?”

The Government recognise that the question of liability and insurance is of utmost concern to the space sector. The industry has made it clear that facing unlimited liabilities could have an adverse effect on the UK space flight industry. If a space flight operator’s liability was not limited, space flight companies and investors might move to other jurisdictions that have more favourable liability regimes.