Speeches by Coghlan.

“Professor Lawrence, Citigroup has warned that the banking industry would be hardest hit by the deployment of AI, estimating that 54% of roles are at risk. Do you think AI is going to increase or decrease employment?”

“Do you see that the productivity gains in AI could lead to greater wage disparities between high and low-skilled workers?”

“With any new technology you both destroy jobs and create them. For example, the car created the whole motorway services industry and tarmac roads. Is it too early to say whether AI is going to be net job creating or destroying, or we just do not know at this point?”

“On that point, 4,000 residents in Westvale Park, a new housing development in my constituency, were promised a GP, and they had legally binding section 106 agreements in place. The construction money is there for a GP surgery, but the NHS has not provided the operational funding required for a GP. Does the hon. Gentlem…”

“The big issue in my constituency is that I have constituents who are on the point of qualifying as GPs, but they do not have jobs as GPs to go into. What do the Government plan to do as part of their 10-year plan to fix the issue that we have people qualifying as GPs who do not have GP jobs to go into?”

“Professor Lee, in your view, how should the National Wealth Fund be evaluated?”

“In the OBR’s fiscal outlook, it notes that, with the new debt measure—public sector net financial liabilities—there are potential incentives there for the Government to invest through loans and equities via the National Wealth Fund, rather than having them on its own balance sheet, because that does not contribute to t…”

“What qualities do you think the Government need to actively pursue to ensure that the conditions are there for the National Wealth Fund to be successful?”

“As you have argued in your blog, if you are not seeing failure in the fund, you probably have not succeeded because you haven’t got your risk-reward calibration correct.”

“Professor Lee, in your view, how should the National Wealth Fund be evaluated?”

“It is when you use defence spending specifically for defence R&D. You are absolutely right that consumption, buying artillery shells or whatever, does not do anything—or does not do much. The reason for that effect is because of the spillovers into civilian technology. In fact, I believe there is an example in the spen…”

“Mr Kumar, I am slightly surprised by your answer to John Glen on defence spending, because we heard yesterday from Dr Surico that defence spending, when tilted towards R&D, is one of the best ways of driving long-term economic growth. In fact, the Chancellor upgraded our long-term GDP forecast by £11 billion a year in …”

“Building on Yuan Yang’s question, is part of it not that Government R&D would be more focused towards basic research, and then there is the National Wealth Fund? Because you need some form of financial return—even if slightly negative—you presumably cannot do basic research through the National Wealth Fund.”

“I would like to come in with a question. On your point around the National Wealth Fund potentially issuing bonds, how would that impact interest rates, or how could we ensure that issuing large volumes did not have a significant impact on interest rates?”

“I would like to come in with a question. On your point around the National Wealth Fund potentially issuing bonds, how would that impact interest rates, or how could we ensure that issuing large volumes did not have a significant impact on interest rates?”

“Building on Yuan Yang’s question, is part of it not that Government R&D would be more focused towards basic research, and then there is the National Wealth Fund? Because you need some form of financial return—even if slightly negative—you presumably cannot do basic research through the National Wealth Fund.”

“Mr Kumar, I am slightly surprised by your answer to John Glen on defence spending, because we heard yesterday from Dr Surico that defence spending, when tilted towards R&D, is one of the best ways of driving long-term economic growth. In fact, the Chancellor upgraded our long-term GDP forecast by £11 billion a year in …”

“It is when you use defence spending specifically for defence R&D. You are absolutely right that consumption, buying artillery shells or whatever, does not do anything—or does not do much. The reason for that effect is because of the spillovers into civilian technology. In fact, I believe there is an example in the spen…”

“Professor Lee, in your view, how should the National Wealth Fund be evaluated?”

“As you have argued in your blog, if you are not seeing failure in the fund, you probably have not succeeded because you haven’t got your risk-reward calibration correct.”