Middle East: Economic Update Debate

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Department: HM Treasury

Middle East: Economic Update

Sorcha Eastwood Excerpts
Tuesday 21st April 2026

(1 day, 7 hours ago)

Commons Chamber
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Rachel Reeves Portrait Rachel Reeves
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It was great to meet Rolls-Royce apprentices with my hon. Friend in Downing Street last week to see what difference this Government’s investment in small modular reactors through the National Wealth Fund will make. The investment in nuclear is creating good jobs that pay decent wages, providing export opportunities through this new technology and, crucially, giving us energy security on both supply and price.

Sorcha Eastwood Portrait Sorcha Eastwood (Lagan Valley) (Alliance)
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Just so the Chancellor is aware, my constituents in Lagan Valley did not get £150 off their electricity bills. I am sure the Chancellor knows that that is because Northern Ireland is not in the same electricity market as the rest of the UK. Even if we add together the sums that we received through the Barnett consequentials, they do not total £150. We hope that her lack of knowledge does not reflect the importance of Northern Ireland when this Government come to tackling the cost of living crisis. When will the Chancellor meet my colleagues in the Northern Ireland Executive to discuss how to help us through this crisis?

Rachel Reeves Portrait Rachel Reeves
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Northern Ireland benefited from the Barnett consequentials, with the money going to the Northern Ireland Executive. As the hon. Lady says, Northern Ireland is in a different electricity market. At the same time, we listened carefully to what MPs and Members of the Northern Ireland Executive said about Northern Ireland’s exposure to heating oil. When we made the support available, we did so through local authorities and locally, rather than as a national scheme, recognising the higher exposure to heating oil in Northern Ireland than anywhere else in the country.