Middle East: Economic Response Debate

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Department: HM Treasury

Middle East: Economic Response

Robert Jenrick Excerpts
Thursday 21st May 2026

(3 weeks, 4 days ago)

Commons Chamber
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Rachel Reeves Portrait Rachel Reeves
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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.

Robert Jenrick Portrait Robert Jenrick (Newark) (Reform)
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The Chancellor’s approach to the cost of living crisis is to find small ways to subsidise people’s costs, but is not the best solution to build a strong, abundant economy by doing the hard yards of supply side reform? In that economy, there would be better jobs and higher wages, people would be richer and the state would have less bearing on their lives, yet under the Chancellor, the benefits bill is ballooning, unemployment is rising, particularly among the young, and taxes are at their highest ever level. In the spirit of giving people some relief today, will the Chancellor confirm—assuming that she intends to stay in office for the rest of this Parliament—that she will not be increasing taxes on working people at all for the rest of this Parliament?

Rachel Reeves Portrait Rachel Reeves
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I will take absolutely no lessons from the man who was part of a party that took our economy to its knees—inflation at 11%, working people worse off at the end of the last Parliament than they were at the beginning, and the worst Parliament ever for living standards—or from a party that has opposed all our reforms to make it easier to get things built in Britain, to increase the wages of working people with the national living wage and the national minimum wage, and to increase the rights of working people, including through statutory sick pay from day one and by ending abusive zero-hours contracts. If we want a lesson on economics, I certainly will not be taking it from the Reform party.