Oral Answers to Questions

Debate between John Glen and Emma Reynolds

Tuesday 8th September 2026 Commons Chamber

[Emma Reynolds]

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. This will support the Cornish economy through stronger statutory powers on transport and housing, and the ability to introduce an overnight visitor levy, which can be invested in projects that drive growth in the region. As he will know, the Government are already investing in Cornwall’s high potential sectors with the £30 million Kernow industrial growth fund.

[John Glen (Salisbury) (Con)]

I welcome the Chief Secretary to her new position, but what words of comfort could she give the residents of Salisbury in Wiltshire, a unitary authority? We are not part of a combined authority and we do not have a metro mayor. Since this Government came in, we have seen the lowest settlement or one of the lowest three settlements on police funding and local government funding, and we have seen the withdrawal of funding for our road network in the south of Wiltshire. There is a concern that, with the focus elsewhere in big urban metropolitan areas, rural England will be forgotten. Is that not likely to be the case?

[Emma Reynolds]

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. There is great potential there, which is why we are supporting our farmers through a £2.7 billion a year sustainable farming budget, and we are also improving connectivity in rural areas.

Oral Answers to Questions

Debate between John Glen and Emma Reynolds

Thursday 4th June 2026 Commons Chamber

[John Glen (Salisbury) (Con)]

Agriculture offers enormous growth opportunities in the UK, and when it comes to precision breeding and plant protection, it is vital that the SPS deal maintains the UK’s right to diverge on the basis of its own scientific assessments, particularly in those sectors. What reassurance can the Secretary of State give such growth sectors in agriculture that that autonomy will be retained in any future deal?

[Emma Reynolds]

We are well aware of the concerns of the farming sector, and I can reassure the right hon. Gentleman that we are taking its very strong views and concerns into account. As I am sure he understands, I cannot give him a running commentary on the negotiations.

Financial Services Reform

Debate between John Glen and Emma Reynolds

Wednesday 16th July 2025 Commons Chamber

[John Glen (Salisbury) (Con)]

I warmly welcome the Leeds reforms; they build on many of the things that were done under the previous Administration and I acknowledge the consumer-facing changes on mortgages and ISAs and the aspiration to get more people investing. Those are positive things.

I will just say two things. First, on the listing review, we did one about four years ago and it is all just about implemented. I urge the Minister to look at culture and fiscal issues as much as at regulatory issues. Secondly, on the PRA and the scale of ambition on that side of the regulatory framework, in conversations with senior leaders at Mansion House last night, it was felt that the FCA’s level of ambition is high but that there must be wariness about a constant shifting of the goalposts and a lack of real change, particularly on the internal rating base and how banks can get their regulatory capital treated differently more quickly. It is taking too long and that needs to change urgently.

[Emma Reynolds]

I reassure the right hon. Gentleman that we have not announced a listing review; we have announced a listings taskforce—[Interruption.] It is different, if hon. Members will let me explain. It is a joint piece of work between the Office for Investment, His Majesty’s Treasury and other Government Departments to make sure that we attract the best and brightest companies to list here in the UK. He is correct, though: many reforms were undertaken by his Government on listings, taking forward the Jonathan Hill and Mark Austin reviews, and we welcomed and supported those.

The right hon. Gentleman will have seen that yesterday the FCA published its final prospectus rules. Of course, we have to get the regulatory side of the equation right, but he is correct that there are other factors at play, which we are looking at. On the FCA and the PRA, all I will say to reassure him is that, as he knows, I hold the relationship with both those regulators as the Economic Secretary. We will continue to push them to be ambitious in supporting our growth agenda.

Oral Answers to Questions

Debate between John Glen and Emma Reynolds

Tuesday 1st July 2025 Commons Chamber

[Emma Reynolds]

We are really excited about targeted support, because it means that firms will be able to make suggestions to consumers with similarities, so that they have the confidence to invest in the long term and can get better support—not advice—on their pensions.

[John Glen (Salisbury) (Con)]

Further to that answer, will the Minister confirm that one of the regulatory barriers in that area are privacy and electronic communications regulations, which prevent firms from proactively reaching out to customers to offer targeted support? As part of the review, will she ensure that that specific regulatory change is made, so that that can happen?

[Emma Reynolds]

I assure the right hon. Gentleman that we are looking at that. We will make sure that firms can take advantage of suggesting targeted support to their consumers so that they are better off, can make more of their money and get a better pension, too.

Oral Answers to Questions

Debate between John Glen and Emma Reynolds

Tuesday 4th March 2025 Commons Chamber

[Emma Reynolds]

I think that premium bonds do provide excitement, not least in my parents’ household, where they are very popular. They are already well promoted and popular, and we have seen annual investments in premium bonds increase by more than 50% since March 2019. The funds raised through them go towards supporting vital public services.

[John Glen (Salisbury) (Con)]

I warmly welcome the Government’s commitment to extend the help to save scheme, which has been running for seven years. Martin Lewis describes it as

“a very clever scheme and one that will work for many people.”

May I urge the Minister to look at what needs to be done to raise awareness of it, because the actual uptake is very low, given that the Government have been giving £1,200 over four years? It is critical that the right investment in promoting it happens, because it is such a brilliant scheme.

[Emma Reynolds]

I could not agree with one of my predecessors more. The right hon. Gentleman is absolutely correct. It is a great scheme and now that we are expanding it, we will take that opportunity to promote it better.

Oral Answers to Questions

Debate between John Glen and Emma Reynolds

Tuesday 3rd July 2018 Commons Chamber

[John Glen]

The report is a welcome step forward, and I note the provision that is made for further steps if the proposed measures do not have an effect. I will be meeting Andrew Bailey tomorrow morning to discuss it further.

[Emma Reynolds (Wolverhampton North East) (Lab)]

Over 1,600 people work at the Jaguar Land Rover engine plant in Wolverhampton, and the car industry has serious concerns about the Government’s plans to leave the customs union. Will the Chancellor guarantee that, when he goes to Chequers later this week, he will only sign up to a customs arrangement that preserves just-in-time manufacturing and integrated European supply chains?