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Rachel Reeves

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Thank you very much, Madam Deputy Speaker. With permission, I will make a statement on the Government’s economic response to the war in Iran and the action that we are taking to support families and businesses with rising costs.

The Government have the right economic plan. I said I would grow...

Member
Rachel Reeves (Labour)
Type
Proceeding contributions
Date
21 May 2026
Reference
786 cc731-3
House
House of Commons

Deputy Speaker's statement on policy announcements and the ministerial code. Ministerial statement on the Government's economic response to the war in Iran and actions to support families and businesses with rising costs.

Lead member
Rachel Reeves
Department
Treasury
Type
Ministerial statements; Speaker's statements
Notes
Deputy Speaker's statement at c.731.
Date
21 May 2026
Reference
786 cc731-757
House
House of Commons

Let me take the issues that the shadow Chancellor has raised. On fuel duty, when I became Chancellor of the Exchequer, the freeze in fuel duty was due to expire, under the plan set out in the Conservatives’ final Budget, within a matter of months. I have frozen fuel duty...

Member
Rachel Reeves (Labour)
Type
Proceeding contributions
Date
21 May 2026
Reference
786 cc735-6
House
House of Commons

I agree with my hon. Friend that we will take no lessons from the Conservatives on inflation, when it reached more than 11% when they were last in office. On VAT in the leisure sector, we are making the changes from 25 June right until 1 September to help boost...

Member
Rachel Reeves (Labour)
Type
Proceeding contributions
Date
21 May 2026
Reference
786 c736
House
House of Commons

I thank the hon. Lady for those questions. I am not sure whether she welcomes the changes around the foreign branch exemption, which is what will pay for the policies announced today by ensuring that companies pay their fair share of tax in the UK. Unless we can say where...

Member
Rachel Reeves (Labour)
Type
Proceeding contributions
Date
21 May 2026
Reference
786 c737
House
House of Commons

I pay genuine tribute to my hon. Friend for his work on behalf of businesses and working people in his constituency, to the other Stoke MPs, and to my hon. Friends the Members for Newcastle-under-Lyme (Adam Jogee) and for Amber Valley (Linsey Farnsworth). They have made the case powerfully and...

Member
Rachel Reeves (Labour)
Type
Proceeding contributions
Date
21 May 2026
Reference
786 c738
House
House of Commons

It is important that we help our constituents with the cost of living. The tariff reductions that I have announced today will save the British shopper £700 million. That is a significant reduction in the cost of the weekly shop for families across our country. We have chosen the tariff...

Member
Rachel Reeves (Labour)
Type
Proceeding contributions
Date
21 May 2026
Reference
786 c738
House
House of Commons

My hon. Friend is absolutely right that there is nothing progressive about piling up the debt that future generations will have to pay; that is why our fiscal rules are getting the debt and deficit down while enabling us to invest in our country’s infrastructure and public services. On helping...

Member
Rachel Reeves (Labour)
Type
Proceeding contributions
Date
21 May 2026
Reference
786 c739
House
House of Commons

I thank the right hon. Gentleman for that question. I urge him and businesses and farmers in his constituency to look at the list of products and feed into the consultation over the next week or so. We are keen to bring the tariff reductions into effect to reduce prices...

Member
Rachel Reeves (Labour)
Type
Proceeding contributions
Date
21 May 2026
Reference
786 c739
House
House of Commons

I thank my hon. Friend for the work she does on behalf of all her constituents, particularly those impacted by what is happening at Denby. It was my privilege to come to Amber Valley with her last year to meet businesses across her constituency. We are backing UK ceramics. We...

Member
Rachel Reeves (Labour)
Type
Proceeding contributions
Date
21 May 2026
Reference
786 c739
House
House of Commons

I know that, as Chair of the Environment, Food and Rural Affairs Committee, the right hon. Gentleman will play a key role in scrutinising what the Government are doing. The reduction of more than a third in the rate of duty on red diesel will have an immediate and important...

Member
Rachel Reeves (Labour)
Type
Proceeding contributions
Date
21 May 2026
Reference
786 c740
House
House of Commons

I thank my hon. Friend and all the MPs involved in helping to put together this scheme of support for ceramics. Like her, I welcome the work of the TUC and GMB in this. Innovation and ensuring that the industry is sustainable and competitive for the future is absolutely essential....

Member
Rachel Reeves (Labour)
Type
Proceeding contributions
Date
21 May 2026
Reference
786 c740
House
House of Commons

As I have said in previous answers, I recognise the role of oil and gas in the UK and its importance to the UK for many years to come, which is why we have changed the rules around tiebacks and put in place a permanent mechanism for taxing windfall profits....

Member
Rachel Reeves (Labour)
Type
Proceeding contributions
Date
21 May 2026
Reference
786 c741
House
House of Commons

I thank my hon. Friend for that question, and I say to Mrs Williams and all those who work in the ceramics sector: I am proud to be the Chancellor who is backing British industry and British jobs.

Member
Rachel Reeves (Labour)
Type
Proceeding contributions
Date
21 May 2026
Reference
786 c741
House
House of Commons

Yesterday, we introduced the toughest set of sanctions on Russia that this country has ever had, but like the previous Government, we are phasing those in so that they do not have a disproportionate impact on industry here in the UK. That is what the previous Government did, and that...

Member
Rachel Reeves (Labour)
Type
Proceeding contributions
Date
21 May 2026
Reference
786 cc741-2
House
House of Commons

I am pleased to know that staff from a business in the ceramics sector in Newcastle-under-Lyme are here today, and I say to them directly: this Government have got your back and want to work with you and the trade unions that represent people in the sector to ensure that...

Member
Rachel Reeves (Labour)
Type
Proceeding contributions
Date
21 May 2026
Reference
786 c742
House
House of Commons

The right hon. Gentleman makes a really important point. Today I have set out a number of measures that will directly help the supermarkets to reduce their costs, and it is really important that those cost reductions are passed on directly to consumers. Reducing the cost of running an HGV...

Member
Rachel Reeves (Labour)
Type
Proceeding contributions
Date
21 May 2026
Reference
786 c742
House
House of Commons

My only worry with this package is that it will mean children badgering their parents even more for days out over the summer—I slightly worry about what I have unleashed in my own household. I am pleased to announce today that trips to Alton Towers and other activities, whether it...

Member
Rachel Reeves (Labour)
Type
Proceeding contributions
Date
21 May 2026
Reference
786 c743
House
House of Commons

I will take absolutely no lessons from the man who was part of a party that took our economy to its knees—inflation at 11%, working people worse off at the end of the last Parliament than they were at the beginning, and the worst Parliament ever for living standards—or from...

Member
Rachel Reeves (Labour)
Type
Proceeding contributions
Date
21 May 2026
Reference
786 c743
House
House of Commons

I thank my hon. Friend for that question. I am pleased that people in Rugeley and people working for Armitage Shanks will also benefit from this investment. The £120 million to support our ceramics sector is a clear indication of this Government’s intention to back British jobs and British industry.

Member
Rachel Reeves (Labour)
Type
Proceeding contributions
Date
21 May 2026
Reference
786 c743
House
House of Commons