Emma Reynolds
MP for Wycombe · Labour · United Kingdom
“My hon. Friend is a doughty champion for his area. As he said, the Prime Minister has been engaging with Cornwall—including, importantly, with its six MPs, including my hon. Friend—on a devolution agreement.”
House of Commons8 September 2026Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“I thank the right hon. Gentleman, in whose footsteps I am again following by taking on another job that he did in government. As a former Environment Secretary, living in a rural area of Buckinghamshire myself and representing a semi-rural seat, I reassure him that this Government of course care about driving growth in rural areas.”
House of Commons8 September 2026Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“I could not agree more with my hon. Friend. Driving public sector productivity is extremely important in two ways: first, because we get better value for money for taxpayers for the tax that people are putting in, including taxpayers in our own constituencies; and secondly, as she says, we are driving efficiencies, faster service delivery…”
House of Commons8 September 2026Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“Public sector productivity is improving, with the NHS delivering 3.5% productivity growth in 2025-26, beating its 2% target. The Government will continue to drive public sector efficiency so that taxpayers’ money delivers the best possible public services.”
House of Commons8 September 2026Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“My hon. Friend is a great champion for his constituency. The Cabinet statement on devolution set out the Government’s ambitions to accelerate devolution across the country by establishing a strategic authority for every area in England that wants one by the end of 2028.”
House of Commons8 September 2026Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“The Government will support good growth in every postcode, including in Cornwall and Gloucester. We have already established No. 10 North to work in partnership with local leaders, businesses and communities, and at the Budget next month we will publish plans for further fiscal devolution, including greater retention of business rates rev…”
House of Commons8 September 2026Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
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“I am sure that there will be opportunities in the new year to have a discussion about the animal welfare strategy. I will be able to confirm the answer to the hon. Member’s question when the strategy comes out.”
House of Commons18 December 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“In the new year, we will issue a consultation on banning trail hunting, as we committed to do in our manifesto. My hon. Friend is right in the things she says about it.”
House of Commons18 December 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“As the hon. Member will probably know, that is a joint responsibility with the Department for Science, Innovation and Technology, which leads on it. We are working closely with DSIT. It released a strategy recently that ensures we can use alternatives more quickly to phase out animal testing. I would be happy to discuss it with him, but it is led by DSIT rather than DEFRA. It is seen as an animal welfare issue, but it sits with DSIT.”
House of Commons18 December 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“I have ordered my meat from my local butcher already. It is a bit late in the day, but I thank my hon. Friend for the reminder to those who may not have done so already. We want to make sure that there is transparency, and we are working on labelling. It will not be part of this strategy, but we are looking at it separately.”
House of Commons18 December 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“I know that the hon. Member is active on the issue of farrowing crates. Some 50% of the sow herd give birth outside, but we are looking at what more we can do to deal with the rest that do not; that is a priority for the Government.”
House of Commons18 December 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“I found Sir David Amess to be a really good and generous friend; I went on a number of parliamentary visits with him, and I thank the right hon. Member for what he said about Sir David. We are committed to banning hunting trophies. It is a conservation issue, so it will not be in the animal welfare strategy, but we will be taking measures forward separately.”
House of Commons18 December 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“I can reassure my hon. Friend that that is precisely what we are doing—we are protecting the high standards we have here in the UK in the trade deals that we are doing with other countries around the world.”
House of Commons18 December 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“I know that one of my Conservative predecessors, Michael Gove, has been very critical of the trade deals done by the last Government with Australia and New Zealand, but the hon. Member will appreciate that it is very difficult to unpick trade deals once they are in place.”
House of Commons18 December 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“As I said in response to a previous question, this is a DSIT lead, not a DEFRA lead. We do work closely with DSIT, and as a Labour Government, we are committed to phasing out animal testing as quickly as possible, but obviously we need alternatives to be in place to do so.”
House of Commons18 December 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“That is raised with me in my constituency too. It is a tricky issue, however, because there are lots of people across the country who, at different religious festivals and obviously on Guy Fawkes day, enjoy fireworks. It is about getting the balance right.”
House of Commons18 December 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“I am a Buckinghamshire Member, Mr Speaker, but there we go. The Government are delivering our manifesto commitments to improve access to nature and deliver three national forests. We recently announced that the second national forest will be in the Oxford-Cambridge corridor. Milton Keynes is the beating economic heart of that corridor, and we will deliver economic opportunities and even better access to nature side by side in my hon. Friend’s great city.”
House of Commons13 November 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“I commend my hon. Friend for championing the Wetland Arc project in his constituency. Wetlands enhance water quality and biodiversity, and provide effective natural flood defences. As he suggests, we will continue to support initiatives such as these, and I would be delighted to visit his constituency, should he so wish, because it is very near mine.”
House of Commons13 November 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“I am a keen cyclist myself, so I might visit the hon. Lady as well. As we set out in our manifesto, the Government are committed to improving access to nature, and I look forward to working with her to do so.”
House of Commons13 November 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“I am delighted to be at these questions for the first time, but I must say that the Conservatives have some brass neck. Under their Government, they could not even be bothered to spend the farming budget. We have got more Government money into the hands of farmers than ever before, and a record number of farmers are involved in environmental land management schemes. We have a proud record of supporting our farmers; the Conservatives sold them down the river on trade deals.”
House of Commons13 November 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“The Government will publish a White Paper later this year outlining our vision for the future of the water sector, making the most fundamental reform of our water system in a generation. We are determined to clean up our rivers, lakes and seas to deliver better outcomes for consumers and the environment.”
House of Commons13 November 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“I thank my hon. Friend for her campaigning on this issue. We recognise the scale of the challenge facing our water system and are taking decisive action to reset the sector. We will create a single powerful water regulator, abolishing Ofwat and ending the fragmentation that led to the abuses of the past. As my hon. Friend refers to, we have already banned polluting water bosses from taking bonuses, which we did early in our time in government with the passing of the Water (Special Measures) Act 2025.”
House of Commons13 November 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“My hon. Friend is absolutely right. Under this Labour Government, there is nowhere to hide for polluting water companies. We have overseen record fines on water companies and are introducing automatic penalties—like speeding tickets—to ensure that those companies are held to account for every level of offence.”
House of Commons13 November 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“I share the public’s frustration with what has happened in recent years, but I reassure her that we will take decisive action. We have already passed the Water (Special Measures) Act, but we will also be issuing a White Paper later this year and will legislate to ensure that we have better regulation, a better regulator and a better water system for her constituents and those around the country.”
House of Commons13 November 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“I thank the hon. Member for his question, and I look forward to working with him on this issue. We will look at pre-pipe solutions in the forthcoming White Paper, which I look forward to discussing with him when we publish it.”
House of Commons13 November 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“Under the previous Government, water bosses awarded themselves over £112 million in bonuses. Thanks to this Government’s Water (Special Measures) Act 2025, water company bosses who pollute our waterways have been blocked from receiving millions of pounds in unfair bonuses for the past financial year.”
House of Commons13 November 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“I thank my hon. Friend for his doughty campaigning on this issue. We are already taking forward secondary legislation to ban plastic wet wipes, which are a major source of pollution in our waterways. As I have said previously, this Government are taking decisive action to clean up our rivers, lakes and seas. We will publish a White Paper later this year, putting forward proposals for fundamental reform of our water system, so that it delivers better outcomes for consumers and the environment.”
House of Commons13 November 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“I am delighted to lead the first all-woman ministerial team in a UK Department of State. My focus as the new Secretary of State is delivering the Government’s No. 1 mission of economic growth, while restoring our natural environment. I have four big priorities: cleaning up our rivers, lakes and seas; backing British farmers and our food industry; restoring nature; and delivering a sanitary and phytosanitary deal with the EU.”
House of Commons13 November 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“I thank my hon. Friend for campaigning on these issues. We have already banned bonuses in six water companies, including Anglian Water, as she will know, for not meeting our high standards. That is a powerful incentive for companies to deliver immediate improvements and rebuild public trust. Together, I hope that we can rebuild public trust in our water system for generations to come.”
House of Commons13 November 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“This is a highly sensitive issue. The reasons for somebody taking their life are often very complex, and my heart goes out to every family devastated by these events. I am not willing to make political points on this issue.”
House of Commons13 November 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“I live in a rural area, represent a semi-rural seat, and have 89 farms in my constituency. I understand the pressures that farmers are under, but the catastrophic mistake made by the previous Government was that they could not even be bothered to spend the farming budget. We have put more Government money in the hands of more farmers than ever before, and we have put a record number of farmers in the environmental land management schemes. We will soon publish the Batters review on farm profitability. We are not keeping that review under wraps, by the way; the House will soon hear more about it. The Conservatives did nothing on the issue when they were in power. We have appointed the nation’s first tenant farming commissioner, and we will set out a 25-year road map for farming next year.”
House of Commons13 November 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“Like the hon. Member, I am appalled by this plastic pollution incident, which affects his constituency, nearby constituencies and Camber Sands. We are holding Southern Water to account. There needs to be a thorough investigation of what happened, and as has been said by the Minister with responsibility for water and flooding, my hon. Friend the Member for Kingston upon Hull West and Haltemprice (Emma Hardy) —she has been in touch with both the water company and the Environment Agency—the immediate priority is to address the damage caused, but we need to ask questions about why this was not uncovered earlier. The water Minister or I would be happy to meet him.”
House of Commons13 November 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“Every investment, reform and partnership is focused on one goal: raising living standards in the east of England and across the country, creating opportunities in every community. I know that we are all passionate about that. I thank my hon. Friend the Member for Norwich South again for bringing this important debate to the House. Question put and agreed to.”
House of Commons3 September 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“Those programmes can and should be key tools for driving growth across the UK, including the east of England. We are committed to bringing them together as part of our modern industrial strategy. I do not have very much time left, Mrs Hobhouse. The Government are committed to sustainable and secure economic growth, and we are bringing that about in three major ways: restoring stability, as we did in the Budget last year by introducing non-negotiable fiscal rules, to put the public finances back on a stable path; secondly, investment in renewal, within the fiscal rules made in the autumn, supporting the step change needed, as confirmed in our plans in the spending review period; and changing the economy to prioritise long-term growth through key reforms.”
House of Commons3 September 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“We are also driving forward devolution, pushing power down, as my hon. Friend the Member for Norwich South discussed, giving local leaders the powers and resources to shape their own futures. The devolution priority programme will see two new mayoral strategic authorities established in the east of England, both in Greater Essex and in Norfolk and Suffolk, with inaugural mayoral elections in May next year. We have established the Cambridge Growth Company, which will work with local partners to unlock key developments and deliver an “infrastructure first” strategy for sustainable growth in the area. The Government are providing certainty and stability through our commitment to in-flight local growth projects, including freeports and investment zones.”
House of Commons3 September 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“We are already seeing the results of our plan working, with the Bank of England having reduced interest rates five times since we came to office, which will put downward pressure on mortgage payments. However, we recognise, of course, that challenges remain. We must support those in immediate need while making the structural changes necessary to give our cities, towns and rural and coastal communities the resources and powers that they need to succeed. Through our plan for neighbourhoods, we are providing long-term funding directly to communities, delivering visible improvements on people’s doorsteps, championing local leadership and fostering stronger communities. Of the 75 places already announced in the plan for neighbourhoods, seven are in the east of England; each will receive up to £20 million over the next 10 years.”
House of Commons3 September 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“We have also made significant progress in creating the conditions for growth, with reforms to the national planning policy framework, which the Office for Budget Responsibility concluded will permanently increase the level of real GDP by 0.4% over the next 10 years—the biggest positive growth impact that the OBR has ever forecast for a policy with no fiscal cost. We are going forward with the introduction of the Planning and Infrastructure Bill and, in the east of England, with support for the Oxford to Cambridge corridor, which will bring many benefits to local communities. That approach will drive growth in city regions, towns and communities and make the most of the opportunities in each part of the country to make people better off.”
House of Commons3 September 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“At the recent spending review, we confirmed funding for our affordable homes programme; my hon. Friend the Member for Norwich South spoke passionately about council houses. The 10-year affordable homes programme will involve £39 billion during that period. We have also committed to local transport priorities for some our larger city regions via the transport for city regions settlements. For the east of England, we have confirmed £14.2 billion for Sizewell C, which, at peak construction, will create 10,000 jobs, including 1,500 apprenticeships, and wider economic benefits in Suffolk and the wider region.”
House of Commons3 September 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“We will be investing £410 million per year by 2028-29 to expand free school meals in England to all children with a parent receiving universal credit, lifting 100,000 children out of poverty by the end of this Parliament. We are providing £1 billion a year to reform crisis support, including the first ever multi-year settlement to transform the household support fund into a new crisis and resilience fund. We have frozen fuel duty, saving drivers about £3 billion this year, while extending the £3 bus fare cap until March 2027, keeping prices low on some 5,000 routes across England. We are also protecting the pension triple lock and, in doing so, gave 1.2 million pensioners in the east of England a 4.1% increase to their basic or new state pension in April this year.”
House of Commons3 September 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“The first is that we have increased the national living wage, which will benefit around 3 million of the lowest paid workers and make them up to £1,400 better off. We are investing more than £0.5 billion in the Best Start family service over the 2026 to ’29 spending review period, making sure that every local authority has a family hub that is open to all, and focusing—this was mentioned by one of my hon. Friends—on areas with higher proportions of children from disadvantaged backgrounds. We are putting early years back at the heart of how we deliver stronger outcomes for our children, as it has ever been with Labour Governments, including this one and the previous Labour Government, with half a million children benefiting from the roll-out of the new 30 hours free childcare entitlement that we brought forward this week.”
House of Commons3 September 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“This Government are committed to raising living standards for everybody across the UK and, of course, in the east of England, but it is worth pointing out that that is no small task. When we came to power, we took over from a Government who had dropped the ball on living standards—the last Parliament was the weakest on record for living standards. We were elected to turn that around, and through our Plan for Change we are delivering policies to kickstart growth that will boost living standards in every part of the UK. Indeed, according to the Office for Budget Responsibility, we can expect living standards, measured by real household disposable income per capita, to rise by 2.6% over the course of this Parliament. I will focus on a number of measures that we have taken to strengthen household income, particularly for those on low incomes.”
House of Commons3 September 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“It is a pleasure, as ever, to serve under your chairmanship, Mrs Hobhouse. I thank my hon. Friend the Member for Norwich South (Clive Lewis) for securing this debate and the opportunity to have a constructive discussion about living standards in the east of England. I thank other hon. Members who have contributed, including the hon. Members for Chelmsford (Marie Goldman), for North East Hertfordshire (Chris Hinchliff), for Strangford (Jim Shannon)—he is on form, as ever—and for North Norfolk (Steff Aquarone), and my hon. Friend the Member for Dunstable and Leighton Buzzard (Alex Mayer). I do not have an enormous amount of time, so I will crack on with my speech.”
House of Commons3 September 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“We are looking to rebalance the system, not go back to where we were.”
House of Commons16 July 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“Our 10-year strategy is ambitious, includes the most far-reaching reforms to financial services for a decade, and will unleash the fantastic potential of our world-leading financial services sector. We are backing British businesses, unlocking home ownership for tens of thousands of people across the country, supporting savers to get better returns, and investing in our shared future. I commend this statement to the House.”
House of Commons16 July 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“Finally, we are taking steps to enhance the UK’s leadership in financial services, ensuring that the UK remains the most open and connected financial centre in the world. We will launch a concierge service—the Office for Investment: Financial Services—to attract international financial services firms to invest in the UK and grow their business. We are further facilitating cross-border activity with the publication of guidance on our overseas recognition regimes and a memorandum of understanding with UK regulators, a copy of which I will place in the Library in both Houses. Through these steps, the Government have placed financial services at the heart of our growth mission.”
House of Commons16 July 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“We are also considering reforming the individual savings account system to ensure better outcomes for both savers and the UK economy. We are allowing long-term asset funds to be held in stocks and shares ISAs next year. This will allow more individuals to invest in assets that will support the UK’s success while seeing better returns on their savings. To ensure that our capital markets support British business, we are announcing a new listings taskforce with the Office for Investment to attract world-leading businesses towards initial public offering in the UK. We are publishing a wholesale financial markets digital strategy to harness innovation as well as our ambitious design for the digital gilt instrument pilot.”
House of Commons16 July 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“We have taken great strides to reform our pensions system, led by the Parliamentary Secretary to the Treasury, my hon. Friend the Member for Swansea West (Torsten Bell), so that people can have better savings in retirement. We want savers to get the best returns on their savings. For too many their money is not working hard enough, and for too long advice on investments has been the preserve of only the wealthiest in society. To address this, the Chancellor has announced the biggest reform of the financial advice and guidance landscape in more than a decade and the introduction of targeted support in time for the new tax year. The Chancellor and I welcome the steps being taken by industry to help consumers engage with investing. I particularly thank Chris Cummings of the Investment Association for the work he is leading on that.”
House of Commons16 July 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“We are also future-proofing the regulatory regime for our asset management sector, which is the second largest in the world, and we will publish draft legislation on that early next year. The UK is already a leading global hub for sustainable finance. We have set out plans for a stable regulatory framework, and we are giving industry clarity by deciding not to pursue a green taxonomy and by focusing instead on ambitious policies that support investors to invest in the transition. I look forward to continuing to work with Lord Alok Sharma and the Transition Finance Council, which he chairs, to make the UK the leading international hub for raising transition finance. Fifthly, we want to go further in building a new retail investment culture and boosting our capital markets’ competitiveness.”
House of Commons16 July 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“The regulators will also introduce a new streamlined authorisation regime that will enable innovative firms to start operating while they await full approval. We are modernising and future-proofing the regulatory framework for payments and e-money, including stablecoin, and we are establishing a new model to deliver next-generation retail payments infrastructure. Fourthly, we are seizing opportunities in key areas of UK leadership, from speciality insurance and asset management to sustainable finance. Our insurance sector has been world-leading for centuries, and we are committed to staying at the front of the pack by creating a new captive insurance framework and holding an industry showcase event later this year to sell the sector globally.”
House of Commons16 July 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“We are also committing to meaningful reform to ringfencing, while maintaining the aspects of the regime that support financial stability and protect customer deposits. We welcome the Financial Policy Committee’s review of the overall bank capital levels needed for UK financial stability and its decision to ease its loan-to-income restriction on mortgage lending. I am delighted that this decision will enable up to 36,000 additional first-time buyers to access mortgages in the first year. Thirdly, we are making the UK the location of choice for fintechs to start up, scale and list, and we want the wider financial services sector to embrace innovation too. The FCA and the Prudential Regulation Authority will launch a scale-up unit to ensure that fast-growing businesses have the support they need to grow.”
House of Commons16 July 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“We have tasked the Financial Conduct Authority to report back by September on how it plans to address concerns about the application of the consumer duty for firms primarily engaged in wholesale activity. Secondly, our reforms unlock capital for investment into our infrastructure and businesses. We are doing this by supporting the Bank of England’s changes to MREL—the minimum requirement for own funds and eligible liabilities—and by confirming our approach to Basel 3.1, implementing lower capital requirements for domestically focused banks from January 2027 while preserving flexibility in our approach for international banks to ensure that the UK remains competitive and aligned with international standards.”
House of Commons16 July 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“I will briefly set out the details of our package to the House. First, the Government are delivering a competitive regulatory environment to attract investment and drive growth. We have set out plans to deliver the most significant reform to the Financial Ombudsman Service since its inception, ensuring that it no longer acts as a quasi-regulator and returning it to its original purpose as an independent, impartial dispute resolution service for complaints between consumers and financial services firms. We are also streamlining the senior managers and certification regime to reduce the burdens imposed on firms by 50% and to reduce approval times.”
House of Commons16 July 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“] I will not take lectures from the Conservatives, who presided over inflation at 11% and debt rising year after year. Our vision is of an active state working in partnership with business, and the Leeds reforms were co-designed with industry. The Chancellor and I undertook extensive engagement in its preparation, and I was pleased to see financial services firms across the country and the Confederation of Business Industry welcome our reforms publicly. The reforms reintroduce informed risk taking into our financial services system to deliver prosperity for working people. We will always ensure that financial stability is a prerequisite for economic growth, and we continue to uphold our commitment to the high international standards that underpin the resilience of the global financial system.”
House of Commons16 July 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“That will mean that working people will get better returns on their savings, that home ownership will be unlocked for tens of thousands more people, and that more businesses will get access to the capital that they need to grow. The Secretary of State for Business and Trade recently presented to this House our modern industrial strategy in which financial services was identified as one of the key eight growth driving sectors on which the Government will focus. This builds on the successes of our first year in office, which I am proud to highlight: the fastest growth in the G7 in the first quarter of this year; four interest rate cuts; faster wage growth in the past 10 months than the previous 10 years of the last Government; the FTSE100 yesterday at a record high; and business confidence at its highest in nine years. [ Interruption.”
House of Commons16 July 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“With permission, Mr Speaker, I shall update the House on the content of the Leeds reforms. The reforms encompass the Government’s financial services growth and competitiveness strategy, which is our 10-year plan for financial services. This plan will make the UK the global centre of choice for financial services investment by 2035, with all parts of the country benefiting from its success, building on our thriving regional financial services clusters around the country. The financial services sector is one of this country’s largest and most productive sectors. It is worth 9% of total economic output and provides 1.2 million jobs across the UK’s nations and regions. Our strategy will unleash the potential of the sector to catalyse growth, enterprise and opportunity in the rest of the economy.”
House of Commons16 July 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗
“Member said he was in favour of what we are doing on MREL, and I know that he agreed with the Bank Resolution (Recapitalisation) Act, which we put through the House and is coming into force today. I thank him for his support on that. On ringfencing, we have detailed which areas we will look at. I am happy to write to him further on that, but one area, for example, is sharing resources across the ringfenced and non-ringfenced parts of banks. We want to ensure that we strike the right balance between growth and stability. I turn to the hon. Member’s points about economic stability. I will take no lessons from the Conservatives—I hate to say it. We had inflation at 11%, people paying extremely high mortgage rates and debt rising year after year. The only thing that was stable under their Government was wages, which were flatlining.”
House of Commons16 July 2025Contains Parliamentary information licensed under the Open Parliament Licence v3.0Source ↗