Middle East: Economic Response
Debate between Rachel Reeves and Adam Thompson(3 weeks, 2 days ago)
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Rachel Reeves
The right hon. Gentleman makes a really important point. Today I have set out a number of measures that will directly help the supermarkets to reduce their costs, and it is really important that those cost reductions are passed on directly to consumers. Reducing the cost of running an HGV will have a direct impact on our supermarkets, and reducing tariffs will have a direct impact on costs for our supermarkets. The trade deal that we are looking to do with the EU to reduce the costs of importing exporting food from the EU will also have a direct impact on costs for supermarkets. I say to the supermarkets: those cost reductions must be passed on directly to consumers, who are struggling with the cost of living, given the conflict in the middle east.
Adam Thompson (Erewash) (Lab)
I thank the Chancellor for her statement, and particularly her VAT cut on theme park tickets. I invite her and all hon. Members to join me on my annual trip to Alton Towers this summer. Erewash has many great summer events for families to enjoy, such as Long Eaton carnival, the classic car show and the Glow festival in Ilkeston, but entertaining kids during the summer months can be daunting and expensive for parents. Can the Chancellor please elaborate on how the measures that she is announcing today will support Erewash families and boost great community events?
Rachel Reeves
My only worry with this package is that it will mean children badgering their parents even more for days out over the summer—I slightly worry about what I have unleashed in my own household. I am pleased to announce today that trips to Alton Towers and other activities, whether it be soft play, funfairs, zoos or museums—if many kids want to go to them; not mine probably, sadly—will be cheaper this summer because of the action that this Government are taking.
Spending Review 2025
Debate between Rachel Reeves and Adam Thompson(1 year ago)
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Rachel Reeves
Stories like that are exactly why the Deputy Prime Minister and I have prioritised investment in affordable homes. Nobody should have to live in those conditions in the 21st century—and, with the reforms we are making and the money we are putting in, they will not have to for much longer.
Adam Thompson (Erewash) (Lab)
I thank the Chancellor for her statement today. I welcome all the choices she has made, but especially the investments in Derby and the wider east midlands, which will be an enormous boon to my constituents in Erewash. I also warmly welcome her commitment to ending the use of asylum hotels in this Parliament. The Tory party let the asylum system get completely out of control. Does the Chancellor agree that investment now will result in savings of billions as the system is fixed?
Rachel Reeves
The investment we are putting into Derby and Nottinghamshire is significant, with small modular reactors, investment in defence and investment in fusion, creating good jobs and paying decent wages right across the east midlands. I do not think that taxpayers’ money should be used to pay for asylum hotels, which is why we are reducing the cost of asylum accommodation by around £1 billion during the course of this Parliament and ending the use of asylum hotels.