Liam Byrne

Labour MP for Birmingham Hodge Hill and Solihull North

@liambyrnemp.bsky.social @LiamByrneMP Facebook UK Parliament Profile

🗣️ Speeches and Debates

  • Pension Schemes Bill: Clause 40 - Certain schemes providing money purchase benefits: scale and asset allocation 22 Apr 2026

    I rise to say a couple of things in support of the Minister, who not only has done a heroic job in laying out the intellectual architecture for the legislation before he got to the House, but is so expertly steering it through the House. I wish him all the very best this afternoon in finishing the job. I want to make three points. First, the measures that the Minister has set out are...
  • Pension Schemes Bill: Clause 40 - Certain schemes providing money purchase benefits: scale and asset allocation 22 Apr 2026

    I am grateful for that intervention, because the hon. Lady made my second point for me. It is just not good enough to will the ends and not the means. The reality is that, after all the heroic work of the former Conservative Chancellor, built on ably by the current Chancellor of the Exchequer to advance the Mansion House accord and the Sterling 20, the repatriation of long-term savings into...
  • Pension Schemes Bill: Clause 40 - Certain schemes providing money purchase benefits: scale and asset allocation 22 Apr 2026

    I can advance only my own analysis of what will be needed. Indeed, it is part of a wider Business and Trade Committee inquiry, which will produce a report in a couple of weeks, on how we transform the investment environment. The reality is that there is a shared ambition on both sides of the House to ensure that we fix this long-standing paradox. My judgment is that the measures the Minister...
  • Pension Schemes Bill: Clause 40 - Certain schemes providing money purchase benefits: scale and asset allocation 22 Apr 2026

    I congratulate my hon. Friend on stewarding the Bill with such expertise, and I very much hope that the cultural change that he is hoping for sticks and that we do not just get an unwinding of the repatriation of UK investment. A necessary corollary of what he is proposing is a fiduciary duty and a fiduciary code that give pension fund trustees real clarity in investing in a wide range of...
  • Business and Trade: Topical Questions 12 Mar 2026

    The Select Committee recently flagged that small businesses in our country now face pandemic-level pressures. In April, standing charges for energy are set to rise by 60%, with no price cap protection. Now, soaring oil and gas prices threaten to be the final straw for thousands of SMEs. Will the Secretary of State make an urgent assessment of the risk of soaring energy prices, and give a...
  • Department for Business and Trade 4 Mar 2026

    This is the most extraordinary country on earth. It is the home of the industrial revolution, and the home of the scientific revolution. It is a country with an abundance of ideas, and also a place that is blessed with trillions of pounds of long-term investment capital. If we in this House cannot put together a shared agenda for ensuring that our rate of growth is faster and living standards...
  • Department for Business and Trade 4 Mar 2026

    At the end of a long day, let me express my gratitude to the Backbench Business Committee for providing us with this time to debate the supplementary estimates and the priorities of the Department for Business and Trade. I rise to open this debate and simply make three broad points. This is an important debate because, of all of the supplementary estimates that have been laid before the House...
  • Department for Business and Trade 4 Mar 2026

    My hon. Friend is absolutely right. The chief executive of Fujitsu came before the Committee to say that Fujitsu did indeed have a moral obligation to make a contribution. That is why we were so surprised when earlier this year, when we asked for him to return, he said that no provision had yet been made. For a company that is making hundreds of millions of pounds out of British taxpayers,...

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✍️ Written Questions and Answers

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