Middle East: Economic Response
Debate between Naz Shah and Rachel Reeves(3 weeks ago)
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Rachel Reeves
I do think it is a little rich for Conservative Members to talk about the instability from the middle east conflict—a conflict that they wanted Britain to join in from day one, but which our Prime Minister made the decision to keep Britain out of, because that war was a mistake and it is having an impact on British businesses and British families. I am proud to be the Chancellor who has overseen the biggest uplift in defence spending since the end of the cold war. We are spending £270 billion during this Parliament, taking spending to 2.6% by April next year. The Conservatives said they would get to 2.5% by the end of this Parliament. They had no paid-for plans to do so; we are achieving it three years early.
Naz Shah (Bradford West) (Lab)
May I congratulate the Chancellor on the very welcome announcement that she has made? For people in Bradford West, the Great British summer savings scheme will go down an absolute treat. Does she agree that it will also benefit the hospitality industry, which has been struggling for years in my constituency and across the country?
Rachel Reeves
We all listened to my hon. Friend’s response to the King’s Speech last week, when we heard about the great restaurants in Bradford. I am pleased to say that VAT on children’s meals in those restaurants will fall from 20% to 5%, so all hon. Members who are looking forward to a curry in Bradford can enjoy one at Mumtaz, Aagrah and all the other great restaurants in her city.