Oral Answers to Questions

Debate between Greg Smith and Rachel Reeves

Tuesday 23rd June 2026 Commons Chamber

[Rachel Reeves]

I thank my hon. Friend, and other MPs who speak for constituencies with automotive businesses, for their representations. As she said, we are bringing forward the review of the zero emission vehicle mandate, so it will now take place this year—a year earlier than planned. In that, we will look at a slower phase-in of those targets to bring us closer, for example, to where the EU is. Automotive is the crown jewel of British manufacturing. We must not let targets damage our sector; that would lead to money being paid out to foreign companies, such as those in China, that produce more electric vehicles. That is why we have made the changes, and why we are having the review.

[Greg Smith (Mid Buckinghamshire) (Con)]

Mid Buckinghamshire is home to a number of businesses that are part of the supply chain for the aerospace and defence industries. Those businesses rely on steel that is categorically not made here in the United Kingdom. If the Department for Business and Trade fails to rectify the cliff edge that is coming on steel tariffs, what will the Treasury do to backfill that and ensure that many businesses, such as those in my constituency, do not become completely unviable?

[Rachel Reeves]

The hon. Gentleman makes an important point about making sure that we get the balance right. We are supporting steel made in Britain, which the previous Government neglected; we are backing it through the nationalisation of the steelworks in Scunthorpe and more support for Port Talbot and Sheffield, but I also recognise the challenge that some British companies will face. This is why, for example, as is shown by the work that we are doing with the EU on the upcoming EU-UK summit, we want a steel alliance, to reduce tariffs on steel.

Middle East: Economic Update

Debate between Greg Smith and Rachel Reeves

Tuesday 21st April 2026 Commons Chamber

[Greg Smith (Mid Buckinghamshire) (Con)]

Prices are going up, and if the Chancellor’s 5p increase in fuel duty between September and next March goes ahead, we will be the European country with the eighth highest fuel duty. Surely this is not the time for that increase. If she wants certainty, the best thing she could do, at that Dispatch Box, is cancel the fuel duty hike.

[Rachel Reeves]

I understand the concerns that people have about filling up their car with petrol and diesel right now. We have introduced the cheaper fuel finder tool, so that people can compare prices and get the best deal when they fill up their car, and we have had all the petrol retailers into No. 11 Downing Street to ensure that we do not have any price gouging. There are still four and a half months until September. We are preparing for every eventuality. I have extended the fuel duty freeze and the 5p cut twice already, which means that the average motorist is saving £90 more than they would have done under the plans that I inherited from the Conservative party.

Spring Forecast

Debate between Greg Smith and Rachel Reeves

Tuesday 3rd March 2026 Commons Chamber

[Rachel Reeves]

It was a real honour for me to be able to visit my hon. Friend’s constituency and see the Type 31 frigates being built there. This Government are investing in defence, and in the skills of our young people so that they can get the jobs in these expanding sectors—unlike the SNP Government in Scotland, who are not investing in our young people. Too many defence companies are having to bring in labour from abroad because of the SNP’s dislike of defence spending.

[Greg Smith (Mid Buckinghamshire) (Con)]

For all the Chancellor’s words about forecasts, reality bites when the real unemployment figures are examined. The figure today is 5.2%, the highest since the pandemic, and youth unemployment is at a considerable high. Instead of relying on forecasts that are never, ever right, should we not be asking how many more people need to lose their jobs, and how many more young people need to go without one, before the Chancellor accepts that it is her policies that are not working?

[Rachel Reeves]

The previous Government presided over a 113,000 increase in the number of young people not in education, employment or training, and the number of youth apprenticeships was cut by 40%. Why does the hon. Gentleman think that unemployment among young people is a challenge? It is because of the decisions that the previous Government made. That is why we are putting more than £800 million into a youth guarantee, it is why we are putting more money into further education—which his Government failed to do—and it is why we are expanding the number of youth apprenticeships. We recognise there is a challenge. The difference between our Government and the hon. Gentleman’s is that we are doing something about it, and they never did.

Oral Answers to Questions

Debate between Greg Smith and Rachel Reeves

Tuesday 4th November 2025 Commons Chamber

[Rachel Reeves]

The NHS will remain free at the point of use for as long as there is a Labour Government. That is not something that Reform is able to promise. As usual, Reform does one thing and says another. In Kent, the party said that it would find efficiencies to keep down council tax, but it has not found a single one and that is why the 2 million people who live in Reform council areas will get a council tax rise next year.

[Greg Smith (Mid Buckinghamshire) (Con)]

T9. With reports that the Chancellor is eyeing up doubling council tax for bands G and H, can she tell me whether she really considers the family who wrote to me yesterday—both have mid-range salaries, are fully eligible for child benefit and bought a home for just shy of £500,000 in 2013—rich enough to see their council tax double to £800 a month?

Oral Answers to Questions

Debate between Greg Smith and Rachel Reeves

Tuesday 1st July 2025 Commons Chamber

[Rachel Reeves]

I thank my hon. Friend for that question. He will know that this Government have already invested through the National Wealth Fund in the tin mine in his constituency, bringing good-quality jobs paying decent wages to the people of Cornwall, as advocated by Cornish MPs. However, there is more we can do through the National Wealth Fund, including investing in our ports, which is absolutely vital for clean, cheap energy and for creating good jobs in this country, including in Cornwall.

[Greg Smith (Mid Buckinghamshire) (Con)]

A recent freedom of information request has revealed that, for a number of schemes, HMRC has settled with large corporations for just 15% of what was owed. With the loan charge review ongoing, does the Chancellor agree with me that individuals should be treated no differently from the large corporations for which this precedent has been set?

Oral Answers to Questions

Debate between Greg Smith and Rachel Reeves

Tuesday 3rd September 2024 Commons Chamber

[Rachel Reeves]

Yes, absolutely; pension credit can be backdated by up to three months, and we will ensure that that happens. We are also working closely with Liverpool city council to ensure that the constituents in Liverpool Wavertree, and indeed in all our constituencies, are getting the support that they entitled to. The poorest pensioners, who are entitled to pension credit, should get it. It is a travesty that 800,000 missed out under the last Conservative Government. We will ensure that pensioners entitled to support get it.

[Greg Smith (Mid Buckinghamshire) (Con)]

T2. It is estimated that the Bank of England will require a further £110 billion of taxpayer subsidy to cover long bond sale losses through to 2030. So why is the Chancellor clobbering pensioners to save £1.5 billion a year when she could be challenging the Bank of England to save tens of billions of pounds a year?

[Rachel Reeves]

Before I became a Member of Parliament I was an economist at the Bank of England and I respect the independence of the Bank of England. The previous Government undermined that independence. That contributed to the economic chaos that we saw under the last Conservative Government. This Government will never go down that route.

Public Spending: Inheritance

Debate between Greg Smith and Rachel Reeves

Monday 29th July 2024 Commons Chamber

[Rachel Reeves]

I do not believe that any member of the previous Cabinet could not have been aware of the scale of this cover-up and the scale of the overspending. They should hang their heads in shame. Instead of coming to this Chamber today and issuing platitudes, they should have done the right thing and apologised to the country.

[Greg Smith (Mid Buckinghamshire) (Con)]

The Chancellor has made two key political decisions this afternoon: one, to fund extraordinarily high public sector pay increases; and two, to clobber pensioners to pay for it. Will she explain to the House and every pensioner who will lose their winter fuel allowance in the process why she did not challenge the Bank of England on the taxpayer bailouts that it requires, to the tune of tens of billions of pounds, to cover its losses from bond sales?

[Rachel Reeves]

First, it is an extraordinary omission that the previous Government did not set affordability criteria for the independent pay review bodies, which meant that they were able to come back with these recommendations. It would be almost without precedent not to accept recommendations from an independent pay review body. If the hon. Gentleman wants to go to the doctors, nurses, teachers, police officers and those in the armed forces in his constituency and say that they do not deserve a pay increase in line with private sector wages, that is up to him, but I believe that those public sector workers deserve those pay increases.

On pensions and the winter fuel payment, this is not the decision I wanted to make and it is not the decision I expected to make, but we have to make in-year savings, which is incredibly difficult to do. Without doing that, we would put our public finances at risk. We are ensuring that everybody who is entitled to pension credit—the poorest pensioners—continue to get the winter fuel payment, and we will work with the Department for Work and Pensions, local authorities and charities to boost the take-up of pension credit.