Emma Reynolds MP: speeches

Speeches

• 24 Jun 2026 · Farming Road Map and Profitability Review · Hansard source

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  We consulted on that issue—obviously, this falls under the MHCLG—in December. The Ministry is considering the responses, but I am working with the Secretary of State for Housing, Communities and Local Government to ensure that we make it easier for farmers to establish on-farm reservoirs in order to give them more resilience.

• 24 Jun 2026 · Farming Road Map and Profitability Review · Hansard source

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  The short answer is yes—I could not agree with my hon. Friend more. That is why I am working closely with the Secretary of State for Housing, Communities and Local Government on planning reform to ensure that those planning barriers are not holding back investment into the farming sector.

• 16 Jun 2026 · Thames Water · Hansard source

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  I thank my constituency neighbour for his question. Like him, I have had complaints about Thames Water in my constituency. With regard to his broader question, I reassure him that when we bring the clean water Bill to the House, there will be provisions for more intense regional planning, which involves water companies, local authorities and other stakeholders, so that we can avoid the sort of situation that he talks about.

• 4 Jun 2026 · Topical Questions · Hansard source

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  I congratulate David Attenborough, a national treasure, on his recent 100th birthday. I also congratulate Hawkstone Farmers’ Choir on winning “Britain’s Got Talent”. Since the last oral questions, the Farming and Food Partnership Board has met twice to commission sector growth plans for horticulture and poultry. Our landmark trade deal with the Gulf Co-operation Council is cutting tariffs for farmers and British producers. I am sure that others will be doing the same as me this weekend and visiting a local farm for the 20th anniversary of Open Farm Sunday. I recently visited the Balmoral agricultural show in Northern Ireland, and met local businesses to discuss the sanitary and phytosanitary deal. Our clean water Bill was announced in the King’s Speech. Finally, I am proud that we have reintroduced white-tailed eagles to southern England for the first time in centuries. As you know, Mr Speaker, the British people love nature and love rewilding.

• 21 Jan 2026 · Water White Paper · Hansard source

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  I agree with the hon. Lady that the water pollution we see in the River Wye is completely unacceptable. That is why we are working closely with the Welsh Government, such as through the £1 million research grant to look at the sources of pollution affecting the River Wye. We are also doubling funding for the Environment Agency to inspect farms so that we have a clearer picture and can better enforce the regulations we already have, and we are streamlining those regulations so that farmers can comply. The hon. Lady is right that there is a real problem here. I do not count it in the number of words, but there is real action in the document. It sets out what we are going to do to work in partnership with farmers, strengthen regional planning and better target our environmental land management schemes. She will have seen that the environmental improvement plan contains a comprehensive plan to tackle agricultural pollution. I refer her to the document we published before Christmas.

• 21 Jan 2026 · Water White Paper · Hansard source

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  As the right hon. Member will know, there is already a big degree of devolution and we work closely with the Welsh Government. I saw the Deputy First Minister recently, and we discussed the water White Paper that we are publishing today, but also the Green Paper that the Welsh Government are bringing forward in the next few weeks. We are working in lockstep with them, aligning our approaches. We have to do that because, as she says, there are some real cross-border problems, and lots of people—on either side of the border—are affected.

• 21 Jan 2026 · Water White Paper · Hansard source

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  I am always very happy to visit my hon. Friend. I know that the Nature Minister, my hon. Friend the Member for Coventry East (Mary Creagh), visited last year. My hon. Friend the Member for Exeter (Steve Race) is absolutely right that we have to strengthen the system. We will strengthen the regional planning system and we are doubling the funding for catchment partnerships. We have to bear down on all sources of water pollution because, as he said, we have to protect our beloved rivers—the one in his constituency and many across the country—that saw record levels of pollution under the previous Government.

• 21 Jan 2026 · Water White Paper · Hansard source

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  With permission, Madam Deputy Speaker, I would like to make a statement on the publication of the Government’s water White Paper, “A New Vision for Water”. The paper sets out once-in-a-generation reforms, putting consumers and the environment first and building a water system fit for the future. For too long, the last Conservative Government turned a blind eye—perhaps that is why there is not a single Conservative Back Bencher in the Chamber to discuss this issue. They neglected the needs of people and the environment. The result: a whole-system failure, companies profiting at customers’ expense, vital infrastructure left to crumble, record levels of pollution in our waterways and public trust destroyed. It is no wonder that none of them—we may have one of two—has turned up to sit on the Back Benches. This Government inherited that terrible failure, and we are not shying away from it. Every family in this country deserves clean water from their taps, seas safe for their children to swim in, and bills that are fair and affordable. This Government is turning the page on that Tory failure. Our goal is simple: a water system that delivers safe and secure water supplies, better water quality and a fair deal for customers and investors. Within weeks of coming into office, this Government asked Sir Jon Cunliffe to lead an independent water commission. Sir Jon met over 150 stakeholders, including environmental groups, investors, Members of both Houses, and local communities. His call for evidence received more than 50,000 responses—there is much more interest from people out there than from the Conservative party. I thank Sir Jon and all those who contributed, including right hon. and hon. Members. The White Paper sets out our response to his recommendations. The Cunliffe review was vital, but we did not wait for its conclusions to act. In our first year in office, we laid the foundations for the transformation that this White Paper sets out. We passed the Water (Special Measures) Act 2025 to give the regulator the power to ban bonuses for polluting water bosses and issue automatic fines for pollution; we ringfenced the money from consumers’ bills, so that it can be spent only on fixing and upgrading infrastructure and improving water quality, not diverted to pay bonuses or dividends; we secured an historic £104 billion of private sector investment to rebuild the water network; and we established the brand-new water delivery taskforce to get spades in the ground, fast-track the delivery of new infrastructure projects and drive economic growth. This White Paper builds on those strong foundations and sets out a new vision for water in this country. Our reforms deliver three fundamental shifts. The first is the shift from fragmentation to co-ordination. Today, responsibility for water is scattered across four different regulators. The result is confusion, duplication and regulatory gaps. We will change that. We will abolish Ofwat and create a new and more powerful regulator, integrating economic and environmental regulation. We will hold water companies to account by moving away from a system of self-monitoring, in which water companies have been marking their own homework, to a more proactive and preventive approach. There will be nowhere to hide for poorly performing water companies. We will introduce an MOT approach for water company infrastructure, requiring maintenance checks on pipes, pumps and water treatment works; we will introduce a chief engineer and ensure that there is engineering capability in the new regulator, so that decisions are grounded in practical understanding; we will take a new supervisory approach, holding companies to account in detail and recognising the different challenges they face; and our new performance improvement regime will give the regulator the power to step in faster and put things right earlier. That is prevention-first regulation. However, regulation alone will not clean up our rivers, lakes and seas. We need everyone with a stake in our waterways to be pulling in the same direction. New reforms for regional planning will bring councils, water companies, farmers and developers together to tackle local pollution, manage water resources and support housing growth. That will strengthen community voices in the water system and drive greater use of nature-based solutions. The second shift is from corporate interest to public interest. We must never lose sight of who this reform is for: customers and the environment. We will introduce an independent water ombudsman to resolve consumer disputes fairly. We will keep bills affordable through the wider roll-out of smart meters to help those who need it most. There will be a new water efficiency label on every appliance, so that when customers buy a washing machine or a shower, they will know exactly what it will cost not just to buy it, but to run it—to help bring their bills down. We are also cracking down on pollution at its source. We will tighten agricultural standards, including on sludge spreading. We will double funding for catchment partnerships, harnessing the power of nature to protect our rivers. The third shift is from short-term thinking to long-term planning. For too long, the water sector has lurched from one five-year price review to the next, with no clear picture of where we are headed. We will publish a transition plan to provide a clear, simple road map for water companies, investors and the regulators. The plan will set out how the next price review will deliver those reforms, how we drive better co-ordination between existing regulators during the transition, and how we will make leadership appointments at the earliest opportunity to the new regulator’s board, including a chair-designate. For too long the previous Conservative Government turned a blind eye to water system failure. Infrastructure was neglected, pollution went unchecked and public trust was betrayed. This White Paper draws a line under that era. It lays the groundwork for our upcoming water Bill and puts us on a new path; a path where water companies act responsibly, where customers get the service they deserve, where investors can invest with confidence, and where we can all enjoy clean rivers, lakes and seas. The British public voted for change, and we are delivering that change by building a system fit for the future. I commend this statement to the House.

• 18 Dec 2025 · Farming Profitability · Hansard source

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  I am proud that this Government commissioned Baroness Batters to do the review into farm profitability, which is a lot more than the Conservatives managed to do in 14 long years. We will be taking forward a number of her recommendations, but, as I said, we will reply in full in the new year. We commissioned her because she has great experience and expertise. There are many ways in which we are unlocking profitability, not least the planning reforms that myself and my right hon. Friend the Secretary of State for Housing, Communities and Local Government are introducing to make it easier for farmers to build on-farm reservoirs, polytunnels and various other things that will diversify their farms. We are bringing down the barriers, which is something that they long called for, but they saw none of that action under the previous Government.

• 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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  Absolutely. This is something that the Chancellor and I—and indeed the Business Secretary and the Business Minister—are passionate about, and we are making sure that we deliver on our manifesto commitment to double the size of the sector. We have asked the financial services regulators to report by the end of the year on what more they can do to support the growth of the sector. We are supporting the industry-led Mutual and Co-operatives Business Council, which is chaired by the chair of Nationwide, Kevin Parry, and we have recently concluded a call for evidence on the credit union common bond, which is another form of mutual. We will be setting out our response on that issue in due course.

• 16 Jul 2025 · Financial Services Reform · Hansard source

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  With permission, Mr Speaker, I shall update the House on the content of the Leeds reforms. The reforms encompass the Government’s financial services growth and competitiveness strategy, which is our 10-year plan for financial services. This plan will make the UK the global centre of choice for financial services investment by 2035, with all parts of the country benefiting from its success, building on our thriving regional financial services clusters around the country. The financial services sector is one of this country’s largest and most productive sectors. It is worth 9% of total economic output and provides 1.2 million jobs across the UK’s nations and regions. Our strategy will unleash the potential of the sector to catalyse growth, enterprise and opportunity in the rest of the economy. That will mean that working people will get better returns on their savings, that home ownership will be unlocked for tens of thousands more people, and that more businesses will get access to the capital that they need to grow. The Secretary of State for Business and Trade recently presented to this House our modern industrial strategy in which financial services was identified as one of the key eight growth driving sectors on which the Government will focus. This builds on the successes of our first year in office, which I am proud to highlight: the fastest growth in the G7 in the first quarter of this year; four interest rate cuts; faster wage growth in the past 10 months than the previous 10 years of the last Government; the FTSE100 yesterday at a record high; and business confidence at its highest in nine years. [ Interruption. ] I will not take lectures from the Conservatives, who presided over inflation at 11% and debt rising year after year. Our vision is of an active state working in partnership with business, and the Leeds reforms were co-designed with industry. The Chancellor and I undertook extensive engagement in its preparation, and I was pleased to see financial services firms across the country and the Confederation of Business Industry welcome our reforms publicly. The reforms reintroduce informed risk taking into our financial services system to deliver prosperity for working people. We will always ensure that financial stability is a prerequisite for economic growth, and we continue to uphold our commitment to the high international standards that underpin the resilience of the global financial system. I will briefly set out the details of our package to the House. First, the Government are delivering a competitive regulatory environment to attract investment and drive growth. We have set out plans to deliver the most significant reform to the Financial Ombudsman Service since its inception, ensuring that it no longer acts as a quasi-regulator and returning it to its original purpose as an independent, impartial dispute resolution service for complaints between consumers and financial services firms. We are also streamlining the senior managers and certification regime to reduce the burdens imposed on firms by 50% and to reduce approval times. We have tasked the Financial Conduct Authority to report back by September on how it plans to address concerns about the application of the consumer duty for firms primarily engaged in wholesale activity. Secondly, our reforms unlock capital for investment into our infrastructure and businesses. We are doing this by supporting the Bank of England’s changes to MREL—the minimum requirement for own funds and eligible liabilities—and by confirming our approach to Basel 3.1, implementing lower capital requirements for domestically focused banks from January 2027 while preserving flexibility in our approach for international banks to ensure that the UK remains competitive and aligned with international standards. We are also committing to meaningful reform to ringfencing, while maintaining the aspects of the regime that support financial stability and protect customer deposits. We welcome the Financial Policy Committee’s review of the overall bank capital levels needed for UK financial stability and its decision to ease its loan-to-income restriction on mortgage lending. I am delighted that this decision will enable up to 36,000 additional first-time buyers to access mortgages in the first year. Thirdly, we are making the UK the location of choice for fintechs to start up, scale and list, and we want the wider financial services sector to embrace innovation too. The FCA and the Prudential Regulation Authority will launch a scale-up unit to ensure that fast-growing businesses have the support they need to grow. The regulators will also introduce a new streamlined authorisation regime that will enable innovative firms to start operating while they await full approval. We are modernising and future-proofing the regulatory framework for payments and e-money, including stablecoin, and we are establishing a new model to deliver next-generation retail payments infrastructure. Fourthly, we are seizing opportunities in key areas of UK leadership, from speciality insurance and asset management to sustainable finance. Our insurance sector has been world-leading for centuries, and we are committed to staying at the front of the pack by creating a new captive insurance framework and holding an industry showcase event later this year to sell the sector globally. We are also future-proofing the regulatory regime for our asset management sector, which is the second largest in the world, and we will publish draft legislation on that early next year. The UK is already a leading global hub for sustainable finance. We have set out plans for a stable regulatory framework, and we are giving industry clarity by deciding not to pursue a green taxonomy and by focusing instead on ambitious policies that support investors to invest in the transition. I look forward to continuing to work with Lord Alok Sharma and the Transition Finance Council, which he chairs, to make the UK the leading international hub for raising transition finance. Fifthly, we want to go further in building a new retail investment culture and boosting our capital markets’ competitiveness. We have taken great strides to reform our pensions system, led by the Parliamentary Secretary to the Treasury, my hon. Friend the Member for Swansea West (Torsten Bell), so that people can have better savings in retirement. We want savers to get the best returns on their savings. For too many their money is not working hard enough, and for too long advice on investments has been the preserve of only the wealthiest in society. To address this, the Chancellor has announced the biggest reform of the financial advice and guidance landscape in more than a decade and the introduction of targeted support in time for the new tax year. The Chancellor and I welcome the steps being taken by industry to help consumers engage with investing. I particularly thank Chris Cummings of the Investment Association for the work he is leading on that. We are also considering reforming the individual savings account system to ensure better outcomes for both savers and the UK economy. We are allowing long-term asset funds to be held in stocks and shares ISAs next year. This will allow more individuals to invest in assets that will support the UK’s success while seeing better returns on their savings. To ensure that our capital markets support British business, we are announcing a new listings taskforce with the Office for Investment to attract world-leading businesses towards initial public offering in the UK. We are publishing a wholesale financial markets digital strategy to harness innovation as well as our ambitious design for the digital gilt instrument pilot. Finally, we are taking steps to enhance the UK’s leadership in financial services, ensuring that the UK remains the most open and connected financial centre in the world. We will launch a concierge service—the Office for Investment: Financial Services—to attract international financial services firms to invest in the UK and grow their business. We are further facilitating cross-border activity with the publication of guidance on our overseas recognition regimes and a memorandum of understanding with UK regulators, a copy of which I will place in the Library in both Houses. Through these steps, the Government have placed financial services at the heart of our growth mission. Our 10-year strategy is ambitious, includes the most far-reaching reforms to financial services for a decade, and will unleash the fantastic potential of our world-leading financial services sector. We are backing British businesses, unlocking home ownership for tens of thousands of people across the country, supporting savers to get better returns, and investing in our shared future. I commend this statement to the House.