Emma Reynolds MP: speeches

Speeches

• 13 Nov 2025 · Water Sector Reform · Hansard source

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  The Government will publish a White Paper later this year outlining our vision for the future of the water sector, making the most fundamental reform of our water system in a generation. We are determined to clean up our rivers, lakes and seas to deliver better outcomes for consumers and the environment.

• 13 Nov 2025 · Water Company Executives: Accountability · Hansard source

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  I thank my hon. Friend for his doughty campaigning on this issue. We are already taking forward secondary legislation to ban plastic wet wipes, which are a major source of pollution in our waterways. As I have said previously, this Government are taking decisive action to clean up our rivers, lakes and seas. We will publish a White Paper later this year, putting forward proposals for fundamental reform of our water system, so that it delivers better outcomes for consumers and the environment.

• 13 Nov 2025 · Water Company Executives: Accountability · Hansard source

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  Under the previous Government, water bosses awarded themselves over £112 million in bonuses. Thanks to this Government’s Water (Special Measures) Act 2025, water company bosses who pollute our waterways have been blocked from receiving millions of pounds in unfair bonuses for the past financial year.

• 13 Nov 2025 · Access to Nature · Hansard source

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  I am a keen cyclist myself, so I might visit the hon. Lady as well. As we set out in our manifesto, the Government are committed to improving access to nature, and I look forward to working with her to do so.

• 13 Nov 2025 · Access to Nature · Hansard source

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  I am delighted to be at these questions for the first time, but I must say that the Conservatives have some brass neck. Under their Government, they could not even be bothered to spend the farming budget. We have got more Government money into the hands of farmers than ever before, and a record number of farmers are involved in environmental land management schemes. We have a proud record of supporting our farmers; the Conservatives sold them down the river on trade deals.

• 13 Nov 2025 · Access to Nature · Hansard source

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  I am a Buckinghamshire Member, Mr Speaker, but there we go. The Government are delivering our manifesto commitments to improve access to nature and deliver three national forests. We recently announced that the second national forest will be in the Oxford-Cambridge corridor. Milton Keynes is the beating economic heart of that corridor, and we will deliver economic opportunities and even better access to nature side by side in my hon. Friend’s great city.

• 13 Nov 2025 · Access to Nature · Hansard source

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  I commend my hon. Friend for championing the Wetland Arc project in his constituency. Wetlands enhance water quality and biodiversity, and provide effective natural flood defences. As he suggests, we will continue to support initiatives such as these, and I would be delighted to visit his constituency, should he so wish, because it is very near mine.

• 13 Nov 2025 · Topical Questions · Hansard source

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  This is a highly sensitive issue. The reasons for somebody taking their life are often very complex, and my heart goes out to every family devastated by these events. I am not willing to make political points on this issue.

• 13 Nov 2025 · Topical Questions · Hansard source

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  I thank my hon. Friend for campaigning on these issues. We have already banned bonuses in six water companies, including Anglian Water, as she will know, for not meeting our high standards. That is a powerful incentive for companies to deliver immediate improvements and rebuild public trust. Together, I hope that we can rebuild public trust in our water system for generations to come.

• 13 Nov 2025 · Topical Questions · Hansard source

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  I am delighted to lead the first all-woman ministerial team in a UK Department of State. My focus as the new Secretary of State is delivering the Government’s No. 1 mission of economic growth, while restoring our natural environment. I have four big priorities: cleaning up our rivers, lakes and seas; backing British farmers and our food industry; restoring nature; and delivering a sanitary and phytosanitary deal with the EU.

• 13 Nov 2025 · Topical Questions · Hansard source

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  I live in a rural area, represent a semi-rural seat, and have 89 farms in my constituency. I understand the pressures that farmers are under, but the catastrophic mistake made by the previous Government was that they could not even be bothered to spend the farming budget. We have put more Government money in the hands of more farmers than ever before, and we have put a record number of farmers in the environmental land management schemes. We will soon publish the Batters review on farm profitability. We are not keeping that review under wraps, by the way; the House will soon hear more about it. The Conservatives did nothing on the issue when they were in power. We have appointed the nation’s first tenant farming commissioner, and we will set out a 25-year road map for farming next year.

• 13 Nov 2025 · Topical Questions · Hansard source

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  Like the hon. Member, I am appalled by this plastic pollution incident, which affects his constituency, nearby constituencies and Camber Sands. We are holding Southern Water to account. There needs to be a thorough investigation of what happened, and as has been said by the Minister with responsibility for water and flooding, my hon. Friend the Member for Kingston upon Hull West and Haltemprice (Emma Hardy) —she has been in touch with both the water company and the Environment Agency—the immediate priority is to address the damage caused, but we need to ask questions about why this was not uncovered earlier. The water Minister or I would be happy to meet him.

• 3 Sept 2025 · Living Standards: East of England · Hansard source

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  indicated assent.

• 3 Sept 2025 · Living Standards: East of England · Hansard source

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  It is a pleasure, as ever, to serve under your chairmanship, Mrs Hobhouse. I thank my hon. Friend the Member for Norwich South (Clive Lewis) for securing this debate and the opportunity to have a constructive discussion about living standards in the east of England. I thank other hon. Members who have contributed, including the hon. Members for Chelmsford (Marie Goldman), for North East Hertfordshire (Chris Hinchliff), for Strangford (Jim Shannon)—he is on form, as ever—and for North Norfolk (Steff Aquarone), and my hon. Friend the Member for Dunstable and Leighton Buzzard (Alex Mayer). I do not have an enormous amount of time, so I will crack on with my speech. This Government are committed to raising living standards for everybody across the UK and, of course, in the east of England, but it is worth pointing out that that is no small task. When we came to power, we took over from a Government who had dropped the ball on living standards—the last Parliament was the weakest on record for living standards. We were elected to turn that around, and through our Plan for Change we are delivering policies to kickstart growth that will boost living standards in every part of the UK. Indeed, according to the Office for Budget Responsibility, we can expect living standards, measured by real household disposable income per capita, to rise by 2.6% over the course of this Parliament. I will focus on a number of measures that we have taken to strengthen household income, particularly for those on low incomes. The first is that we have increased the national living wage, which will benefit around 3 million of the lowest paid workers and make them up to £1,400 better off. We are investing more than £0.5 billion in the Best Start family service over the 2026 to ’29 spending review period, making sure that every local authority has a family hub that is open to all, and focusing—this was mentioned by one of my hon. Friends—on areas with higher proportions of children from disadvantaged backgrounds. We are putting early years back at the heart of how we deliver stronger outcomes for our children, as it has ever been with Labour Governments, including this one and the previous Labour Government, with half a million children benefiting from the roll-out of the new 30 hours free childcare entitlement that we brought forward this week. We will be investing £410 million per year by 2028-29 to expand free school meals in England to all children with a parent receiving universal credit, lifting 100,000 children out of poverty by the end of this Parliament. We are providing £1 billion a year to reform crisis support, including the first ever multi-year settlement to transform the household support fund into a new crisis and resilience fund. We have frozen fuel duty, saving drivers about £3 billion this year, while extending the £3 bus fare cap until March 2027, keeping prices low on some 5,000 routes across England. We are also protecting the pension triple lock and, in doing so, gave 1.2 million pensioners in the east of England a 4.1% increase to their basic or new state pension in April this year. At the recent spending review, we confirmed funding for our affordable homes programme; my hon. Friend the Member for Norwich South spoke passionately about council houses. The 10-year affordable homes programme will involve £39 billion during that period. We have also committed to local transport priorities for some our larger city regions via the transport for city regions settlements. For the east of England, we have confirmed £14.2 billion for Sizewell C, which, at peak construction, will create 10,000 jobs, including 1,500 apprenticeships, and wider economic benefits in Suffolk and the wider region. We have also made significant progress in creating the conditions for growth, with reforms to the national planning policy framework, which the Office for Budget Responsibility concluded will permanently increase the level of real GDP by 0.4% over the next 10 years—the biggest positive growth impact that the OBR has ever forecast for a policy with no fiscal cost. We are going forward with the introduction of the Planning and Infrastructure Bill and, in the east of England, with support for the Oxford to Cambridge corridor, which will bring many benefits to local communities. That approach will drive growth in city regions, towns and communities and make the most of the opportunities in each part of the country to make people better off. We are already seeing the results of our plan working, with the Bank of England having reduced interest rates five times since we came to office, which will put downward pressure on mortgage payments. However, we recognise, of course, that challenges remain. We must support those in immediate need while making the structural changes necessary to give our cities, towns and rural and coastal communities the resources and powers that they need to succeed. Through our plan for neighbourhoods, we are providing long-term funding directly to communities, delivering visible improvements on people’s doorsteps, championing local leadership and fostering stronger communities. Of the 75 places already announced in the plan for neighbourhoods, seven are in the east of England; each will receive up to £20 million over the next 10 years. We are also driving forward devolution, pushing power down, as my hon. Friend the Member for Norwich South discussed, giving local leaders the powers and resources to shape their own futures. The devolution priority programme will see two new mayoral strategic authorities established in the east of England, both in Greater Essex and in Norfolk and Suffolk, with inaugural mayoral elections in May next year. We have established the Cambridge Growth Company, which will work with local partners to unlock key developments and deliver an “infrastructure first” strategy for sustainable growth in the area. The Government are providing certainty and stability through our commitment to in-flight local growth projects, including freeports and investment zones. Those programmes can and should be key tools for driving growth across the UK, including the east of England. We are committed to bringing them together as part of our modern industrial strategy. I do not have very much time left, Mrs Hobhouse. The Government are committed to sustainable and secure economic growth, and we are bringing that about in three major ways: restoring stability, as we did in the Budget last year by introducing non-negotiable fiscal rules, to put the public finances back on a stable path; secondly, investment in renewal, within the fiscal rules made in the autumn, supporting the step change needed, as confirmed in our plans in the spending review period; and changing the economy to prioritise long-term growth through key reforms. Every investment, reform and partnership is focused on one goal: raising living standards in the east of England and across the country, creating opportunities in every community. I know that we are all passionate about that. I thank my hon. Friend the Member for Norwich South again for bringing this important debate to the House. Question put and agreed to.

• 16 Jul 2025 · Financial Services Reform · Hansard source

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  I thank the hon. Member for his thoughtful question. We are doing a number of things. First, we are working at pace with the FCA to ensure that targeted support is in place by the end of the tax year and in time for the new ISA season in April next year. We are looking at the risk warnings and at the industry-led campaign on advertising the opportunities of investing. We are doing all that we can. It is good that hon. Members on different sides of the House are supporting us. Obviously, different people will be at different stages in their journey through life. People who are retired may not want to invest in the stock market. I can understand that, from their perspective, they need more readily available cash, but if people who are younger or middle aged—I do not know where I fall in those categories— [ Interruption. ] Thank you. If people can even put a small amount away, they can invest in their future. It concerned me recently when a report suggested that many people did not know that their pensions were invested in the stock market and that that is how they get better returns in their retirement. We need to run a huge campaign with the private sector to educate people about the opportunities and to give people the confidence to invest. At the end of the day, it will obviously be down to people about how they choose to invest.

• 16 Jul 2025 · Financial Services Reform · Hansard source

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  That is absolutely right. We were at Lloyds Banking Group yesterday in Leeds, and Lloyds employs thousands of people in Leeds and the wider region. There are some great opportunities in not only the establishment firms, but, as my hon. Friend the Member for Mid Derbyshire (Jonathan Davies) said, some of these new firms outside of London that are growing and providing innovative products. I was recently in Scotland talking to a group of fintechs about the support they are getting to work closely with some of the banks in Scotland to drive further investment into fintechs. That collaboration between the more established players and new players is positive to see.

• 16 Jul 2025 · Financial Services Reform · Hansard source

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  I refer the hon. Lady to page 63 of the strategy, which is very useful. It sets out an ambitious timeline for implementing the reforms that the Chancellor set out at the Mansion House last night and in Leeds yesterday morning, and shows her that we have already taken action to implement some of the decisions we took in November last year, such as introducing the private intermittent securities and capital exchange system. PISCES is a new private intermittent securities market that is open for business, and for which we legislated in May. That demonstrates how we are working at pace. Other things will take a little longer, and her extensive experience in this place and in government means that she will understand that some of those things require primary legislation. However, she will see through the two-page summary at the back of the strategy how we plan to implement the reforms at pace to unleash the potential of the financial services sector.

• 16 Jul 2025 · Financial Services Reform · Hansard source

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  I can reassure the right hon. Gentleman that we are not suggesting getting rid of risk warnings. I think that is what he was asking me most directly. One of the investment platforms did some research into the wording of risk warnings, and he will probably know that there is quite a gender gap. If we look at the figures from the Financial Conduct Authority’s financial lives survey, we see that more men have the confidence to invest than women, for example. There are other demographic factors, too. We want to give people the option and the confidence to invest, but of course there will always be risk warnings. However, there is also a risk if someone holds all their savings in cash over the long term, due to inflation.

• 16 Jul 2025 · Financial Services Reform · Hansard source

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  That is similar to what the hon. Member for East Londonderry (Mr Campbell) asked. There has been lots of different research, but AJ Bell recently found that if people had put £100 a year into ISAs for the past 25 years, they would be better off if they invested in a stocks and shares ISA than a cash ISA, so it is perhaps about showing people that sort of evidence. Obviously, the stock market ebbs and flows and can fluctuate, but if people are saving for the longer term, they should certainly consider investing. The industry-led campaign will look at how we can advertise the benefits. Of course, there still will be risk warnings, but we need to ensure that we get the balance right between telling people that there are risks and telling them that there are great benefits of investing, too.

• 16 Jul 2025 · Financial Services Reform · Hansard source

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  I could not agree more with my hon. Friend. We want to ensure that the dream of home ownership is expanded across the country, including to his constituency of Harlow. Because of the reforms we are taking forward, and there will be more to come, the estimate is that 36,000 new first-time buyers will be able to buy their homes in the first year of this reform being in place.

• 16 Jul 2025 · Financial Services Reform · Hansard source

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  I can reassure my hon. Friend that the concierge service will be working across the country. This is about ensuring that the UK has a single shop window for international firms looking to either set up or invest further in the UK. As we set out in the Leeds reforms, the benefits of that investment and of unleashing the potential of the financial services industry should be felt across the country, in the east midlands and beyond.

• 16 Jul 2025 · Financial Services Reform · Hansard source

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  I reassure the right hon. Gentleman that we have not announced a listing review; we have announced a listings taskforce— [ Interruption. ] It is different, if hon. Members will let me explain. It is a joint piece of work between the Office for Investment, His Majesty’s Treasury and other Government Departments to make sure that we attract the best and brightest companies to list here in the UK. He is correct, though: many reforms were undertaken by his Government on listings, taking forward the Jonathan Hill and Mark Austin reviews, and we welcomed and supported those. The right hon. Gentleman will have seen that yesterday the FCA published its final prospectus rules. Of course, we have to get the regulatory side of the equation right, but he is correct that there are other factors at play, which we are looking at. On the FCA and the PRA, all I will say to reassure him is that, as he knows, I hold the relationship with both those regulators as the Economic Secretary. We will continue to push them to be ambitious in supporting our growth agenda.

• 16 Jul 2025 · Financial Services Reform · Hansard source

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  Well, what do I say to that? I think there is, with the exception of the hon. Member, cross-party support for the twin peaks financial services regulation that we have. Of course, we need proportionate regulation to ensure that there are protections in place for consumers. He seems to be suggesting that we get rid of the regulators altogether, which I think most Members of this House would be opposed to. I have heard of the concept of caveat emptor, and I am suitably patronised by him.

• 16 Jul 2025 · Financial Services Reform · Hansard source

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  I could not agree more with my hon. Friend. We are intent on building the 1.5 million homes that we promised at the election. I remind the chuntering hon. Gentlemen on the Opposition Front Bench that even before the Planning and Infrastructure Bill, the OBR scored the first stage of the planning reforms as the largest increase in GDP by the end of the scorecard of any non-fiscal lever in its history.

• 16 Jul 2025 · Financial Services Reform · Hansard source

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  I thank my hon. Friend for that thoughtful question. I am happy to talk to the Committee about that in more detail. What I will say is that the Leeds reforms regulate for growth instead of seeking to eliminate risk from the system altogether. We know that in order to get greater returns, there is a need to take informed risk. The reforms will enable firms and consumers to take informed risks. But we will always support the regulators and legislate in a way that protects consumers from bad practices and bad actors.