UK-US Trade and Tariffs
Laura Kyrke-Smith Excerpts(3 weeks, 1 day ago)
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Jonathan Reynolds
The hon. Gentleman has skilfully raised issues relevant to the autumn statement that are more for the Chancellor than for me. Products from the food and drink industry form a prominent part of our economic exports. Because of that industry’s success and what it means to the prosperity of every bit of the United Kingdom, it features heavily in all our decisions, whether on trade, business support, export support or the wider regulatory and policy environment. I assure the hon. Gentleman that his constituents and the excellent and successful businesses in his area are always prominent in our thinking.
Laura Kyrke-Smith (Aylesbury) (Lab)
I thank the Secretary of State for his hard work and for his calm and pragmatic approach. In my constituency of Aylesbury, there are almost 5,000 small and medium-sized businesses, several of which export to the US or have been seeking to do so. Will the Secretary of State set out what he is doing to protect our SMEs in his ongoing negotiations with the Trump Administration?
Jonathan Reynolds
Fundamentally, I want to see greater market access to the US for small and medium-sized businesses in every part of the UK. We can tackle particular things as part of that, such as the regulatory system in the United States and the federal-state dichotomy, particularly for services and exports. All that is the prize on offer if we get this right. A big part of trade policy is also about not just free trade agreements, even though they tend to get the most prominence, but how we come to agreement on e-commerce and functions of online marketplaces and transactions. All that is a very practical difference that we can make, through good trade policy, to small and medium-sized businesses. That will be a premium and important part of the trade policy we are about to publish.
Budget Resolutions
Laura Kyrke-Smith Excerpts(5 months, 2 weeks ago)
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Laura Kyrke-Smith (Aylesbury) (Lab)
I congratulate the Chancellor on delivering the first Labour Budget in 15 years, and on doing so as the first ever female Chancellor.
Speaking to residents in and around the Stocklake area of my constituency over the weekend, I was glad to hear positive feedback and optimism following the Budget. Of course we had to make tough choices, but people get that, and personally I am very proud of the choice we have made to invest in our public services first and foremost and to get them working for people again.
There is much to commend in the Budget, and I want to highlight four points. First, the national minimum wage has increased to £12.21 per hour, which has been very well received by my constituents. Over 9,000 people in Buckinghamshire are on the national living wage, and they are all set for a pay rise. Secondly, the core schools budget has increased by £2.3 billion, and £1 billion has been allocated to support children with SEND, which I know cannot come soon enough for my constituents. Thirdly, there is a commitment to infrastructure investment, including the commitment to East West Rail, which I know will unlock growth and opportunity. I will keep pushing for the Aylesbury spur to link up with that. Finally and most importantly, we have made a huge commitment to the NHS in this Budget, including through a £22 billion increase to day-to-day spending and £3.1 billion of capital investment, which will be used to bring waiting lists down, invest in new technology and deliver 40,000 extra appointments every week, including at Stoke Mandeville hospital. I am excited about the budget for mental health, which will be crucial.
I am conscious that improving our nation’s health will take time, and that our goals are necessarily long term. I was reminded of that at this morning’s parliamentary launch of the fantastic Health Equals campaign, which highlights the work that we have to do to tackle the social determinants of health inequalities and halve the gap in healthy life expectancy. However, this Budget delivers the biggest cash injection into the NHS outside covid years since 2010, which has put us firmly on the road to recovery. This Budget is firmly on the side of those who need our support, and firmly on the right side of history, and I cannot wait to see what it delivers for my constituents in Aylesbury.