Backing Business to Create Economic Growth

Rupa Huq Excerpts

Monday 18th May 2026 Commons Chamber

[Dr Rupa Huq (Ealing Central and Acton) (Lab)]

Last Wednesday—it seems so much longer ago—saw the second King’s Speech of this Labour Government, with 37 Bills to address the UK’s economic, energy and national security at a time of gigantic global challenge, much of it unforeseeable at the time of the last King’s Speech in 2024. A stunning proposer—from Bradford like you, Madam Deputy Speaker—was followed by the Prime Minister’s forceful plea for a change to the status quo, which he mentioned 10 times. I was having visions of “Rockin’ All Over the World”, but he was, of course, spot on.

After the first King’s Speech—no, not the Colin Firth film—of employment rights, renters’ rights and rail nationalisation, the sequel will bring British Steel into public ownership in the public interest, end the leasehold scam and see a social housing Bill for a million families trapped on waiting lists in temporary accommodation. Some of it was promised by the Tories and never delivered.

On broken promises, as we approach the 10th anniversary of the fateful vote that bequeathed us Brexit, I welcome the EU partnership Bill and the Government’s rebuilding a stronger relationship with Europe. We were told that Brexit would make us richer, that we would see migration down and that it would make us more secure. Wrong on all three counts. As the mum of an undergrad, I know that Brexit robbed young people of their ability to work, study and live easily in Europe, so I applaud the youth experience scheme and rejoining Erasmus. I would suggest the circular economy directive as one to sign up to.

The referendum was indeed fateful, but not fatal, thanks to this Government’s action securing the highest growth in the G7. I would say that circumstances have changed so dramatically since 2024, it might be time to consider relaxing some of the red lines on single market and customs union membership. Just a thought.

Unlocking barriers to growth is also in the Bills on the industrial strategy, national security, investing in defence and the armed forces, and repairing public services like the NHS, policing and special educational needs. On immigration reform, I must forewarn the House that I will be one of probably a number of MPs lobbying for the modification of the earned settlement proposals, but they are not inked in yet, so we are hopeful.

I regret that there is nothing in the King’s Speech on my ballot Bill on ticketing to fix Oasis-style rip-offs and surge pricing. My old union, the University and College Union, is disappointed that there is nothing much in the King’s Speech for universities or further education, despite the multiple crises that the sectors are facing.

But we are where we are and, as I have said, it is an ambitious programme with 37 Bills. As events in the strait of Hormuz affect prices at the pumps in Acton, the energy security proposal in the King's Speech is very welcome. If implemented, it will mean that we are no longer at the mercy of those who would push us around in foreign wars but can withstand global instability, with clean, home-grown energy independence. All these are things the Tories would never do, and Reform—none of whose Members are in the Chamber at present—would undo.

Much has been done and there is much more to do, including repairing and rebuilding the European alliances that have been so damaged by 14 years of Tory rule, the first five of which, I should remind the House, were propped up by the Liberal Democrats: they too were handmaidens to austerity, although they tend to forget that nowadays. It has not been an overnight process, but reversing the Tories’ mess to build a more resilient country is under way. Our constituents voted for change, and they expect their Government to get on with it.