Middle East: Economic Response

Debate between Rachel Reeves and Sean Woodcock

Thursday 21st May 2026 Commons Chamber

[Rachel Reeves]

I hope that families in Bracknell, whether they are enjoying a day out in Bracknell Forest or going on a summer holiday to one of the great seaside towns across our United Kingdom, will benefit from these changes. They will make lunch or dinner out as a family, and entertainment, a little bit cheaper. If parents or carers are on universal credit, when their kids go back to school in September—whether they are in nursery, primary, secondary or further education—they will benefit from free school meals.

[Sean Woodcock (Banbury) (Lab)]

I thank my right hon. Friend for her statement, especially the measures to support farmers and hauliers. Banbury has a thriving logistics sector, with brilliant businesses like TWE Haulage; I visited that company last month, and I know it will really welcome the measures that she has announced. Will she and her colleagues continue to keep under review the particular pressures on the logistics sector and be open to any further measures that may be needed?

[Rachel Reeves]

The best way to reduce cost pressures on families and businesses is to get the strait of Hormuz reopened and those vessels carrying oil and gas flowing again, but of course in the meantime I will keep under review the support necessary to support businesses and families in Banbury and across the country.