Middle East: Economic Response Debate

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Department: HM Treasury

Middle East: Economic Response

Jonathan Brash Excerpts
Thursday 21st May 2026

(3 weeks, 2 days ago)

Commons Chamber
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Rachel Reeves Portrait Rachel Reeves
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I will have to check about ice skating. I like to pride myself on being on top of my brief, but I do not know whether ice skating is included. I did, however, know about the London Eye.

Jonathan Brash Portrait Mr Jonathan Brash (Hartlepool) (Lab)
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Following a successful sale to the LB Group, chemicals firm Tioxide is planning to reopen its Greatham plant in Hartlepool. The £350 million critical chemicals resilience fund is a real boost, at exactly the right time, for that Hartlepool employer. Can the Chancellor say a little more about how the fund will promote jobs and growth in Hartlepool?

Rachel Reeves Portrait Rachel Reeves
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Businesses in Hartlepool and across Teesside will be among the biggest beneficiaries of these changes around chemicals. The Minister for industry, my hon. Friend the Member for Stockton North (Chris McDonald), is now in his place, and I pay tribute to him again for his help in setting out this package of measures. The Department for Business and Trade will shortly set out the details of the chemicals scheme, but I can assure my hon. Friend the Member for Hartlepool (Mr Brash) that it includes help with capital and day-to-day costs, with the aim of making the sector more sustainable and less energy intensive in the future. That will make it increasingly competitive. We recognise the chemical sector’s important role in the UK, and we are determined to ensure a bright future for it.