Speaking in the House of Lords, Lord Bilimoria celebrated the rise of entrepreneurship in the UK since his arrival as a student in the 1980’s. He noted the thriving industries which are often overlooked and taken for granted in Britain, and welcomed the foreign investment that the UK continues to attract, while outlining the action that is needed to improve the UK’s flagging productivity.
Lord Bilimoria today responded to the Government’s last Budget Statement of this Parliament during a debate in the House of Lords. In his speech, he acknowledged the importance of the Government’s austerity agenda to the UK’s long-term prosperity, but stressed that more investment is needed in areas like higher education and research and development, to improve the nation’s productivity, while noting the severity of the Government’s austerity programme on the UK’s growth rate during this Parliament.
Speaking in the House of Lords on Tuesday, Lord Bilimoria’s addressed a number of issues emerging from the Second Reading of the SME. Touching on matters ranging from the pub tie, to entrepreneurship, to tax relief – his speech was well received and gained positive comments from the Business Minister, Baroness Neville-Rolfe, and from other members of the House including the former Energy Secretary, Lord Wakeham.
Lord Bilimoria was interviewed by Bloomberg’s “The Pulse” television programme regarding the recent landslide election of the BJP in India and examined the potential business and economic impact of opposition leader Narendra Modi’s victory at the polls.
The full video can be found HERE.