Jonathan Reynolds MP: speeches

Speeches

• 23 Jun 2025 · UK Modern Industrial Strategy · Hansard source

  More

  I absolutely recognise that, in all the initiatives we are putting forward today that apply across the UK, every area deserves its fair share of the funding. Of course, many of the policies that I and the Department are responsible for disproportionately benefit Wales. Under the clean steel fund, the money going to Port Talbot is much more than would be allocated to it by population share. That is because there are brilliant strengths in Wales that I want to support. In this strategy —whether around aerospace and Airbus, or automotive and Toyota, or the creative industries, professional and business services, or financial services—there is so much that will benefit Wales because of the brilliant strengths in Wales. That is something to be very optimistic about, and I would be very confident about what this strategy means for Wales, while, of course, respecting the devolution settlement.

• 23 Jun 2025 · UK Modern Industrial Strategy · Hansard source

  More

  I certainly would love to visit—I am happy to commit to that. I am surprised that my hon. Friend did not claim her constituency to be the birthplace of the industrial revolution, because I think a few colleagues have gone there, and she has a claim to it as well. Whether it is funding for lower energy costs, skills in the pipeline for young people, access to finance, a regulatory environment that fosters growth or expanding Made Smarter, which is a fantastic programme that we will have more of, there is so much in this strategy that will make a difference to her area. Perhaps we will go and visit some businesses together and take that message to them.

• 23 Jun 2025 · UK Modern Industrial Strategy · Hansard source

  More

  I thoroughly welcome my right hon. Friend’s question and thank her for all her support for our determination to make sure we have the competitive automotive sector that we all want. She is right that the changes to the ZEV mandate are part of this. They were brought forward because of the pressing urgency—I was not happy with the situation that I inherited from the Conservative party. We closely review the level of consumer demand in the sector and are always willing to work with her and the tremendous businesses in her constituency to make sure we are getting this country’s markets to where they need to be.

• 23 Jun 2025 · UK Modern Industrial Strategy · Hansard source

  More

  I appreciate the hon. Gentleman’s support and kind words. There is a great deal in the strategy that will benefit every part of the UK. He knows that I take my responsibilities for Northern Ireland very seriously, particularly given the complexities of trade policy, the Windsor agreement and how that has to work for the benefit of everyone in Northern Ireland. He will know that the UK has the lowest corporation tax of any G7 country, so it is quite an ask to reduce it still further. However, I understand the genuine competitive pressures of being in business in Northern Ireland for people who are close to the border, and how they are affected by the mobility of capital and talent. We all have a responsibility to work with our colleagues in the Northern Ireland Executive to ensure UK Government policy works to the maximum, and provides consistent and co-ordinated benefits. I am regularly in touch with my colleagues in Northern Ireland and regularly visit. I am planning a visit right now—I might even look up the hon. Gentleman and make a visit to his constituency to address some of these issues.

• 23 Jun 2025 · UK Modern Industrial Strategy · Hansard source

  More

  The birthplace of the industrial revolution is somewhat contested by several of us Labour MPs, but we do not need a vote on that. My hon. Friend’s constituency certainly has a rich history and a great future for her constituents, who have been well represented by her since the election. On energy prices, we all want action sooner rather than later. There are some parts of the programme that I can implement more quickly than others, and I have to do this in the proper way and let people consult on the threshold. In my Department, we are often dealing with big inward investment decisions or existing domestic business investment decisions, and if they can have certainty as to where they will get to in a short space of time—many of these are investments that pay back over not just years but decades—that will make the difference. I believe that the benefits can be felt even sooner than the programme can be put in place, but I promise I will stretch every sinew to get it in place as soon as we can.

• 12 Jun 2025 · UK-India Free Trade Agreement · Hansard source

  More

  What a privilege it must be for my hon. Friend to represent a constituency with so many essential businesses doing such brilliant work for this country. On advanced manufacturing, he is right to say that a set of advantageous positions has been agreed, putting this country at a genuine competitive advantage, particularly in relation to sectors such as automotive and machinery, which I would expect his constituency to benefit from. India is traditionally a very protectionist economy, and it is the world’s fastest growing big economy. Whether it is for goods or services, A&M Pure Precision or the west midlands as a whole, there is so much good stuff here to celebrate.

• 12 Jun 2025 · UK-India Free Trade Agreement · Hansard source

  More

  I am extremely grateful for that question. I acknowledge my hon. Friend’s considerable expertise and service to this country through his commendable work as trade commissioner. I hope that he will advise us all on how to get a copy of his book—perhaps a copy could be placed in the Library. He is right to say that this is a great deal for every part of the UK. It is particularly strong for Scotland, given the iconic reduction in the tariff on Scotch whisky for the Lochlea distillery, and it is strong on Scottish salmon and services. These deals come down to a lot of work not just from the ministerial team but from the whole departmental team. I pay tribute to them and my officials for all their important work in this matter.

• 12 Jun 2025 · UK-India Free Trade Agreement · Hansard source

  More

  This trade agreement is a huge economic win for the UK—the biggest trade deal since Brexit and the best deal that India has ever offered. As we have heard, it is estimated to increase bilateral trade by £25.5 billion, UK GDP by £4.8 billion and wages by £2.2 billion each year in the long run. It will mean new opportunities for businesses in every part of the United Kingdom.

• 12 Jun 2025 · UK-India Free Trade Agreement · Hansard source

  More

  I appreciate the hon. Member’s kind words. He will know that ensuring that everything my Department does works for Northern Ireland is a personal priority for me and for the ministerial team. In relation to exports, I can assure him that Northern Ireland will benefit from the advantageous position that the whole United Kingdom is in. We do have issues in making sure the more complex regulatory position from the protocol in Northern Ireland is working in the best possible way. There are very strong reasons for making that work better, if we can do so, and he has my commitment that we will seek to do that.

• 12 Jun 2025 · Topical Questions · Hansard source

  More

  I am extremely grateful to my hon. Friend for updating the House on that matter. He will know that one of the brilliant things about the UK-India deal is that it is not just for the higher-value, iconic products we are all familiar with; for bulk, there is no minimum price in the deal. The deal is incredibly strong for every bit of the whisky—and gin—industry in the United Kingdom. I am alert to the news my hon. Friend has just shared, and colleagues will update the House.

• 12 Jun 2025 · Topical Questions · Hansard source

  More

  I absolutely accept that invitation, and I can tell the hon. Gentleman that we are already extremely involved, as is the Minister for Industry. We welcome what has happened with Airbus, but we are focusing a great deal on the RemainCo and the issues there.

• 12 Jun 2025 · Topical Questions · Hansard source

  More

  The hon. Gentleman knows the Government, and the Treasury in particular, monitor the impact of all taxation. I have to be frank with colleagues: I have no idea what the Conservatives are trying to tell us today. They seem to want more spending and lower taxes—it seems like Liz Truss is still hanging around the party, to be honest. I have to ask Members on the Opposition Benches: what is your policy towards national insurance?

• 12 Jun 2025 · Topical Questions · Hansard source

  More

  That is an area of concern to us all. We support and continue to implement some of the listing rules and prospective changes of the previous Government, but the bigger change from this Government is to liquidity, particularly around pensions reforms. None the less, this remains an issue of key competitiveness for the United Kingdom.

• 12 Jun 2025 · Topical Questions · Hansard source

  More

  I am grateful to my hon. Friend for that question. Yes, I can reaffirm that position. As she says, the Foreign Secretary announced on 20 May that we have suspended negotiations on an upgraded free trade agreement with Israel in response to the egregious actions of the Netanyahu Government in Gaza and the west bank. Of course, the UK has existing business relationships with Israel that are not affected by that decision, and we maintain trade envoys with both Israel and the Palestinian territories. What we all want is peace, a two-state solution and a strong UK relationship with both states.

• 12 Jun 2025 · Topical Questions · Hansard source

  More

  I shall of course take that up with the hon. Member. I have spent a fair bit of time in his constituency, as he knows, on one matter or another. On fair trade and level playing fields, colleagues can direct their industries to the Trade Remedies Authority if they have specific concerns, but, of course, we monitor those matters at a departmental level as well.

• 12 Jun 2025 · Topical Questions · Hansard source

  More

  I am concerned by the figures the hon. Gentleman raises; if he writes to me, I will look into that immediately. We have taken extensive action to sanction not just individuals, but the shadow fleet, as it is described, transporting Russian fossil fuels, and are willing to take any action necessary.

• 12 Jun 2025 · Topical Questions · Hansard source

  More

  Since our last oral question time, we have secured three major trade agreements to boost British exports and drive growth across the UK. This Government are delivering trade deals that benefit businesses and put money in workers’ pockets, and are securing deals that other Governments promised, but failed to deliver. We have an agreement with our largest trading partner, with the biggest economy in the world, and with the fastest-growing big economy in the world. As we have heard, the India deal alone will boost wages by £2.2 billion a year when fully operational. Our new strategic partnership with the EU could add nearly £9 billion to our economy by 2040, and the UK was of course the first country to secure a deal with President Trump. I can also confirm that in the past week, we have hosted delegations from the US and China, in order to assist them in their negotiations with each other. As I have always said, under this Government, the UK will be the most open and best-connected economy in the world.

• 12 Jun 2025 · Topical Questions · Hansard source

  More

  I thank my right hon. Friend and the Select Committee for all their work in this area. He knows my view from the evidence that I have given. The significant increase in industrial energy prices under the previous Government is a significant issue for our competitiveness—and yes, that is something that we seek to address.

• 12 Jun 2025 · Topical Questions · Hansard source

  More

  My hon. Friend knows that I believe the workers at that mill in her constituency are a national asset and that I want them to have a strong future as part of our overall steel strategy. We are closely monitoring the specific situation there, which colleagues will be aware of, and are determined to find the outcome that she and I would want to see.

• 12 Jun 2025 · Topical Questions · Hansard source

  More

  We had a wonderful visit about a year ago, and I hope the Pangbourne Cheese Shop is still going strong. Yes, the regulatory burden on small business is a huge area of attention for this Department; there is the business growth service, our action on late payment, and our incentivising of digitisation and e-invoicing.

• 12 Jun 2025 · Topical Questions · Hansard source

  More

  I firmly agree with the hon. Gentleman that a level playing field is not just an economic necessity, but a matter of economic security and production in western economies like our own. Of course, if a company has a specific case to make, it should make the representation to the Trade Remedies Authority directly—I have that power, but it would usually come from industry. If the company has a specific case to make, the hon. Gentleman should encourage it to make that representation.

• 12 Jun 2025 · Topical Questions · Hansard source

  More

  I understand the prominence of the issue in the right hon. Member’s constituency. We already import a significant amount of ethanol from the US: 860,000 tonnes of bioethanol. We recognise the competitive pressures that the US trade deal will bring—it is obviously not yet in operation—and have met the companies affected and continue to negotiate with them. They are already very distressed and lose significant amounts of money, so what they really need are regulatory changes from the Department for Transport for the market as a whole. I can assure him that we are working on that.

• 12 May 2025 · US-UK Trade Deal: Northern Ireland · Hansard source

  More

  First, while we would all recognise the superiority of the quality of Scotch whisky, the deal with India also covers exports of gin. I was at the Beefeater factory, not far from here, last week. The deal also covers Northern Irish whiskey; Bushmills is part of this deal, too. The right hon. Member’s question on the US is about the reciprocal tariffs put in place; obviously, no sectoral tariffs have been put in place on anything affecting whisky production. That conversation is part of the wider ongoing discussion about the reciprocal tariff, or the 10% as it is sometimes referred to. I believe there is no need for that and that it can come down, but there will have to be movement on the US side for that. I think we could reach agreement on a whole range of tariff lines and product areas that would further deepen the trading relationship between ourselves and the US, and that is why we are committed to continuing this conversation. Of course, the UK is not a high-tariff country—as it is, what tariffs we have in place are relatively modest—and we therefore have to make sure that what we agree is in the interests of both countries. However, that will be part of the ongoing conversation, which includes the digital agreement we are seeking to strike and a whole range of other areas of interest to Members across the Chamber.

• 12 May 2025 · US-UK Trade Deal: Northern Ireland · Hansard source

  More

  We have discussed this issue across the Chamber on several occasions. We as a Government are not proposing any changes in how the UK and Parliament ratify treaties. I have never given the promises that the hon. Gentleman has mentioned; I have not changed my position. The position is as it always has been—that Parliament has a key role in scrutinising treaties, and any changes that require legislation or alterations in our domestic laws go through Parliament in the usual way. I think the hon. Gentleman will recognise that this week there could have been announcements of job losses and restructuring that would have been very difficult for a range of important sectors in our economy, and I do not think any Member of Parliament would have wanted to see that happen because of a parliamentary process. I understand that the Liberal Democrats want us to rejoin the customs union, and that therefore trade deals with the United States or India would not be possible. That is consistent and fair, but it would have been very painful if that had been the UK Government’s position going into negotiations. The hon. Gentleman asks about the impact of any potential issues in the global trading system on small businesses and the wider economy. They are significant for our bilateral relationship, but he will also know that the UK is very exposed to wider relationships because we are an outward-facing economy. That is why we have to be on the pitch with our sleeves rolled up, trying to find solutions for ourselves that other countries can follow. The hon. Gentleman asks a very pertinent question about the film industry. Again, for any area where there has been the suggestion of sectoral tariffs but they are not yet in place—to be honest, it is not entirely clear what would be the subject of a tariff in the case of a film—we have language in the agreement that reflects that. We would cite that as an existing area where there is a really strong and mutually beneficial bilateral trading relationship between ourselves and the United States.

• 12 May 2025 · US-UK Trade Deal: Northern Ireland · Hansard source

  More

  That was a fairly odd stream of consciousness, if I am being totally honest. It appears that I have given a stronger defence of the Windsor agreement negotiated by the former Conservative Government than the Conservative party has managed today. The shadow Minister has asked for detail. I acknowledge that, particularly when dealing with the US and the style of the US system, negotiations have a pace—a pulse—and they are perhaps different from how we would present the detail of a complete trade agreement, such as the one we agreed with India. However, I think he would acknowledge the importance of last week’s announcements, because such a significant part of our exports to the US is covered by its sectoral tariffs, not the reciprocal ones. Businesses would have had to start planning this week for a world of—in some cases—25% tariffs, which would have had major repercussions for jobs, businesses and growth in the UK. Being able to give those businesses reassurance, alongside a clear indication of the ongoing nature of the negotiations, is a significant win for British business. I hope the Opposition recognise that. The hon. Gentleman asked specifically about preferential rates on pharmaceutical products. Those in the United States have not yet completed their own investigations in respect of some of the sectoral tariffs to which they have alluded, and have not announced what they are putting in place. The nature of the agreement, given that it covers the sectoral tariffs, is to recognise that we would want the UK to be in a preferential position on those as well, rather than agreeing what we have already agreed on sectoral tariffs and then seeing further sectoral tariffs announced in future. The hon. Gentleman asked about the digital services tax. It is not in the agreement; it is not a part of what was announced last week. As for the question of the special status of Northern Ireland, this is the agreement that the Conservative party struck. It manages two very difficult countervailing pressures. The Conservatives might have thought more about this during the Brexit process, but they did not. They had to resolve the issue after the agreement, and to be honest, I do not think they did a particularly bad job in reaching the compromise that Windsor represents. Exports from Northern Ireland are covered by the preferential trade terms that we have secured with the United States. When goods come into Northern Ireland, there is a differential depending on whether they are staying in the United Kingdom or there is a risk of their entering the EU’s single market. That is what the Conservative party agreed. I think that the new degree of complexity comes from differentials between the EU’s approach to trade and trade defence, and our own, but surely we all recognise that part of what we are talking about here reflects the fact that we are not in the European Union. The hon. Gentleman again engaged in some language about the European Union. This country did a trade deal with India last week, one that the Conservative party promised many times but never delivered. We reached an agreement with the United States in the same week. We have the EU summit coming up. Everything that we have said about how this country does not have to pick just one trading partner—it can be the best connected market in the world—is borne out by the agreements that we have signed. Every Member of this House should get behind a UK that is strong on the world stage and connected to each and every one of the major economic markets that we need to be our partners.