Calvin Bailey
Main Page: Calvin Bailey (Labour - Leyton and Wanstead)Department Debates - View all Calvin Bailey's debates with the HM Treasury
(1 day, 9 hours ago)
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Rachel Reeves
The meeting with the Financial Secretary to the Treasury will be open to all MPs and is taking place on Wednesday this week, and I urge the hon. Gentleman to attend that meeting. We are aware of the unique situation with heating oil. That is why I have instructed the Competition and Markets Authority, but I am also keen to hear directly from MPs.
Mr Calvin Bailey (Leyton and Wanstead) (Lab)
The impacts of this spiralling conflict are serious and will fall on our constituents’ pockets, so I welcome the Chancellor’s statement and the measures that she has set out. Yet last week, the hon. Member for Clacton (Nigel Farage) was in the United States attempting to lobby against our national interests—with a comical lack of success. Does my right hon. Friend agree that the impact on living costs can only be compounded by continued, deeply unpatriotic interventions by Members of Reform UK?
Rachel Reeves
I thank my hon. and gallant Friend for his question and for his contribution to the debates last week. He knows how important it is to de-escalate, because it is our armed services personnel who would be at the frontline of any escalation of the crisis. De-escalation is also in the interests of all our constituents, whether because of heating oil, the price paid at petrol pumps or mortgage rates. That is why this Government are putting all our diplomatic efforts into de-escalating this crisis and reopening the strait of Hormuz.