Middle East: Economic Response

Debate between Rachel Reeves and Joe Robertson

Thursday 21st May 2026 Commons Chamber

[Rachel Reeves]

My hon. Friend is right that ceramics have a life in many parts of our economy, not just in great heritage businesses like Denby, which produces plates and other ceramics, but in sectors like defence and aerospace, where ceramics are crucial. That is why I am pleased to back them further with the £120 million package announced today.

[Joe Robertson (Isle of Wight East) (Con)]

The conflict in the middle east is not the Chancellor’s fault, but she has chosen this time to make it more expensive for my constituents to take a car from Fishbourne on the Isle of Wight to Portsmouth. Will she do the right thing and scrap the emissions trading scheme levy that she intends to introduce in July this year? It should not only be Scottish islands that are exempt.

[Rachel Reeves]

The measures that I have announced today will help people on the Isle of Wight. We have frozen fuel duty for the third time—in comparison, the plans that we inherited from the previous Government would have seen fuel duty go up—we are helping farmers with the cost of red diesel, we are helping the rail freight sector and we are supporting HGV drivers. Many people go to the Isle of Wight on their summer holidays and enjoy wonderful days out, and the cost of that will also be reduced, helping that sector in the Isle of Wight this summer.

Oral Answers to Questions

Debate between Rachel Reeves and Joe Robertson

Tuesday 4th November 2025 Commons Chamber

[Rachel Reeves]

I thank the right hon. Lady for that question, and 43% of employers—almost 1 million—will pay no employer national insurance this year. That is an increase because of the changes we made to the employment allowance. Over half of employers with NIC liabilities will see no change, or will gain overall, and businesses can employ younger people—those aged under 21 and apprentices under 25—without NICs. However, the Conservatives must decide whether they will stick with this change to national insurance. If they are not going to, they will have to admit that they will not be able to put the money into the national health service.

[Joe Robertson]

According to the British Retail Consortium, the Chancellor’s last Budget caused a £7 billion cost to retail, leading to shop closures, declining high streets and job losses. If the Chancellor will not acknowledge the damage she has caused, how will she go about rectifying it? Can I recommend that she starts with the 100% business rate relief put forward by the shadow Chancellor?

[Rachel Reeves]

I thank the hon. Gentleman for that question. In his own constituency in the Isle of Wight, the six-monthly waiting list figures show that 5% fewer people are waiting for 18 weeks or longer. That is only possible because of the money we put into the NHS because of the tax changes we made. On retail sales and the impact on shops, retail sales have increased for the last four months in a row, with the most recent numbers for August and September outpacing expectations.