Joshua Reynolds MP: speeches

Speeches

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

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  Businesses have told me how important it is to have a front door for public finance. The strategy references Innovate UK, the British Business Bank, the National Wealth Fund, UK Export Finance, Invest Northern Ireland, the Scottish National Investment Bank, the Development Bank of Wales, Great British Energy and the Office for Investment, so does the Secretary State believe that businesses know where public finance’s front door is, and that this is as simple as it could possibly be?

• 12 Apr 2025 · Steel Industry (Special Measures) Bill · Hansard source

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  I thank the Secretary of State for giving way. Once he has the powers in this Bill, I urge him to use them decisively and swiftly, but then, as he has said, we need to look to the future. Once we have secured Scunthorpe’s future, we need to discuss what happens next, which is clean energy, and investing in the global clean energy that the UK really could succeed in. Does he agree that the people of Scunthorpe have upheld their end of the bargain for decades, and now it is time that we in this House make sure we uphold our end too?

• 12 Apr 2025 · Steel Industry (Special Measures) Bill · Hansard source

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  rose—

• 24 Mar 2025 · Topical Questions · Hansard source

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  T5. With the UK frozen out of the EU rearmament scheme while defence contractors and security firms in Albania, Norway and South Korea stand to benefit, what estimates has the Secretary of State made of the potential loss of economic activity in the UK as a result?

• 11 Mar 2025 · Employment Rights Bill · Hansard source

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  I thank the hon. Lady for her warm words about carers. Will she therefore support Liberal Democrat new clause 10, which would make paid carer’s leave an entitlement?

• 16 Jan 2025 · Business of the House · Hansard source

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  Families of British citizens who are murdered abroad do not have not the same rights as families of homicide victims in the UK. Often, families coping with the trauma of that news must arrange to pay for their own translators, so that they can speak to local police and read legal documents—all while trying to negotiate the criminal justice system of a foreign jurisdiction. Those families deserve the same rights as those of homicide victims in the UK, but at the moment they are not even entitled to a police family liaison officer. Will the Leader of the House make time for a debate on that, so that we can build consensus across the House on a way forward?

• 9 Jan 2025 · Business of the House · Hansard source

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  Some 160,000 people live in residential park homes in England. However, when they come to sell their property, they are required to pay 10% of the sale price to the site owner. Although local authorities are responsible for the site licence, they often do not have the specific knowledge necessary, made worse by the fact that they do not have to have a named park home officer. Will the Leader of the House make time for a debate how we can give park home owners more rights over their properties and fix some of these issues?

• 9 Jan 2025 · Public Finances: Borrowing Costs · Hansard source

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  Public services are at breaking point after the previous Government’s mishandling of the economy and budgets locally. However, does the Minister recognise that scaling back investment in vital public services risks even more devastating consequences for our local communities?

• 17 Dec 2024 · Women’s State Pension Age Communication: PHSO Report · Hansard source

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  WASPI women across the UK have been let down time and again, including by this statement. In the Budget, the Chancellor announced £20 billion of additional borrowing this year, and an average of £32 billion over the next five years. How does the Secretary of State expect WASPI women to believe that the Government cannot afford a single penny of compensation?

• 25 Nov 2024 · Non-Domestic Rating (Multipliers and Private Schools) Bill · Hansard source

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  My hon. Friend mentions several businesses in her constituency that will be impacted by the changes. I spoke recently to a small restaurant owner in my constituency. They have six restaurants across the south of England and they say that the business rates changes, plus other Budget measures, will cost their business £150,000 just to do what they are doing today. Does she agree with me that that will not encourage such businesses to invest in the UK, open new restaurants and help grow the economy, which we all want?

• 6 Nov 2024 · Budget Resolutions · Hansard source

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  The hon. Gentleman should recognise that the Chancellor did not make an announcement on personal tax thresholds, which, for some Conservative Members, was unexpected and reflected the difficult inheritance of the new Government. Labour Members are proud of the minimum wage, now called the living wage, which has been one of the most successful policies in the history of this country—and even some Conservatives claim credit or support the measure as a policy innovation. There is no doubt about the burden on the hospitality sector, because if the living wage goes up for people employed in it, that is a business cost. We have to acknowledge that. What those businesses fundamentally need are customers who have some spending power to use their disposable income in those places. The rise is not without benefit, but I recognise that it is painful. The future for this country, however, cannot be as a low-wage, low-productivity economy that does not give people the living standards they want. I have been on television many times talking about the stagnant wages of the last Government. I want wages to be higher. The doubling of the employment allowance in the Budget recognises the burden on those types of businesses, which can now employ up to four people on the living wage without any national insurance liabilities at all. We have to have a system that accommodates those burdens, but fundamentally this Government are in favour of higher wages, and we are not going to pull away from that in any measure.

• 6 Nov 2024 · Budget Resolutions · Hansard source

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  The hon. Gentleman raises a legitimate point that is considerably outside the remit of the Department for Business and Trade. He is right to put that issue on the record. There will be opportunity for clarity in that space. I understand why, for his constituents, he will want to ask that question in the Budget debate. As Members’ interventions have shown, the Budget is not just about a set of policies that will be to the advantage of larger businesses; they will also be important to our smallest start-ups and small and medium-sized enterprises, as well as for our oldest, biggest family firms. We have committed to hardwiring the views of small businesses into everything we do, and we have already started to do that. That is why in September, together with the Federation of Small Businesses, we announced robust measures to tackle late payments with a new fair payment code and tough, new rules on company reporting. At the same time, we are reforming the British Business Bank to free up precious capital for SMEs to expand, to create new jobs, and to take ideas from design to development. The Chancellor’s Budget gives the green light to my Department to invest over £1 billion over the next two years so that the British Business Bank can widen access to finance for small businesses across the country. That includes over £250 million each year for small business loans programmes, like our start-up loans and the growth guarantee scheme. As hon. Members will know and have asked about during the debate, while we are raising national insurance contributions, we have mitigated the impacts for small businesses by doubling the employment allowance to £10,500. That means 1 million small businesses will either be paying the same or less in national insurance contributions than they do now. That is why the Federation of Small Businesses has said that the “Budget shows a clear direction in business policy now for the whole of this Parliament to target support at small businesses…prioritising everyday entrepreneurs working in local communities in all parts of the country.” Through this new support for SMEs, the stability afforded by our new industrial strategy and the resetting of our trade relations, we are showing unequivocally that the UK supports business, wants to partner with business and is open for business. That pro-worker, pro-business approach is already having a significant impact. Last month, hundreds of the world’s biggest firms and investors, from Blackstone to the BW Group, Haleon to Holtec, lined up at our international investment summit to back Britain and back this Government’s growth mission. That summit resulted in £63 billion of private investment commitments, more than double the amount secured by the previous Government last year—and in just 100 days. It will see billions of pounds flowing into our tech, digital, manufacturing and life sciences sectors, spurring growth in all four nations of the United Kingdom and creating almost 38,000 new jobs in the process. We saw something else at that business and international investment summit: a ringing endorsement of this Government’s restoration of stability for the UK economy. IFM Investors said that it was “very encouraged by the new government’s commitment to a long-term pro-investment mindset.” Ørsted, a global leader in green energy, stated that the main reason it was investing more in the UK was because of our green energy targets. It recognised us as “a government who wants work with business to enable the investments required.” M&G went one step further. It said: “The UK has a clear national mission to drive economic growth and back wealth creation across every region of the country.” It welcomed our efforts to “put the UK back on the investor map, showcase market opportunities and reinforce how business and government can work in partnership.” Let there be no doubt, despite the dust the Opposition are trying to kick up, this is a Budget with stability at its core, which sets a course for growth and rebuilds Britain. The former Prime Minister’s response baulked at the wave of new investment this Budget ushers, but he could not be more wrong. While we are restoring economic stability and going for growth, we are keeping debt on a downward path. Indeed, on the back of the Budget, the IMF has said that it supports the reduction in the deficit over the medium term, including by sustainably raising revenue. It recognises what we on the Government Benches know to be true—the principal way to drive economic growth is to invest, invest and invest. May I remind the Opposition that we have tried their way? All that did was stagnate wages, stifle growth and put the public finances into a £22 billion black hole, with nothing to show for it. We cannot cut our way out of a hole; we need investment to lift the economy up. Having endured the last Government lurching from crisis to crisis, the British people voted in July overwhelmingly for change. They voted for a Government that would set Budgets to serve their long-term interests, not serve the news cycle or election cycle. They voted for stability, for growth and to fix the foundations. That is exactly what this Budget delivers, and I commend it to the House.

• 4 Nov 2024 · Budget: Implications for Farming Communities · Hansard source

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  indicated dissent .

• 4 Nov 2024 · Budget: Implications for Farming Communities · Hansard source

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  On Friday, I visited an agricultural college in my constituency, where I heard concerns about how the changes in this Budget will potentially strip an industry of young farmers. What discussions did the Minister have with farming stakeholders on changes to the agricultural property relief prior to the Budget?

• 30 Oct 2024 · Children’s Hospices: Funding · Hansard source

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  It is a pleasure to serve under your chairmanship, Mr Twigg. I thank the hon. Member for Liverpool West Derby (Ian Byrne) for securing this important debate. Children’s hospices provide an essential service, offering specialised care for children with life-limiting and life-threatening conditions. However, they are not just a place of medical care; they are sanctuaries of love, comfort and dignity, ensuring that every child can experience joy and the best possible quality of life. Nevertheless, like many institutions in the UK, children’s hospices have been struggling over the past few years. In 2023-24, they spent 15% more than they did in 2021-22 while receiving 31% less funding from ICBs and 11% less from local authorities. Compounding that situation is the fact that since 2019-20 there has been a 41% increase in the number of children receiving end of life care in hospices. Alexander Devine Children’s Hospice Service in Maidenhead is a shining example of children’s hospices. In November 2001, Alexander Devine was diagnosed with a brain tumour at the age of four. At that point, his whole family became consumed by hospital appointments, doctors, nurses, operations, treatments and scans. Sadly, four and a half years later, Alexander died, aged eight. The Devine family knew clearly at that point that Berkshire needed its own children’s hospice and the Alexander Devine hospice has become a lifeline for countless families across Berkshire, bringing together the community and the community’s compassion. The impact that Alexander Devine Children’s Hospice Service has on the community is profound. In the last year, it has provided over 18,000 hours of care and support for families, which is not just a statistic for those families; it means countless moments of relief and joy, and the creation of precious memories for families, all of whom have challenging lives. However, that is set against the backdrop that 83% of the hospice’s funding comes from donations, fundraising and gifts in wills. The reliance on charitable contributions underscores the precarious nature of funding in this sector. We understand that children’s hospices are not luxuries but necessities, filling a critical gap in our healthcare system. However, if they are to do that, we need to fund them properly. I will not repeat the calls on the Minister that every other speaker has made today, but it is clear that we need to see forward movement. I am really hopeful that our wishes this morning will be reflected in the Budget later. I close by reflecting on the words of Fiona and John Devine: “The word ‘hospice’ is not a word that many relate to with happy thoughts; I much prefer the Latin ‘a resting place on life’s journey’. I know from my experience that you cannot go into a children’s hospice and not be filled instantly with love, laughter, happiness and tears.”

• 9 Oct 2024 · Film Industry · Hansard source

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  It also produced “Alien” and, more recently, “Rocketman”. However, the creative industries are crying out for support. Costs and funding are key issues facing them, and another is skills. The Secretary of State confirmed in her statement that the Government are overhauling the apprenticeship levy, but is she confident that the reforms will fully suit the needs of the creative industries, given the 25,000 vacancies in the sector?

• 9 Oct 2024 · Film Industry · Hansard source

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  I thank the Secretary of State for her statement. Bray Studios in my constituency has produced some fantastic pieces, such as “The Rocky Horror Picture Show”—

• 12 Sept 2024 · Short-term Lets: Regulation · Hansard source

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  I thank the hon. Member for that intervention. We need to make sure that what we do is backed up by funding so that local authorities are able to enforce the changes that are needed. I would not want to see local authorities having changes forced upon them without the finances and manpower to carry them out. We have seen so many cases recently where local authorities have a duty to do something but not the finance or manpower to do it. We recognise that local authority housing teams have been hollowed out. Local authorities need the support to be able to enforce whatever decisions are made. I am hopeful that the Minister can tell us the Government’s thoughts about that. I think asking local authorities to put time and work into these changes, with the necessary finance and manpower, will be a worthwhile investment, because it is about time we turned the tide that we have seen engulfing our communities for so long. I repeat that we need to draw a distinction with respect to people who have gone about this business in good faith. We do not want to penalise them, or people who have inherited a property and become second home owners by default. We all know that short-term holiday lets are growing in an uncontrollable manner. That is the thing that we really need to stop, especially where big business is involved, because it can rip out the heart of our communities. Our proposals would give control back to local authorities and communities, because that is where, as Liberal Democrats, we always believe that power should lie.

• 12 Sept 2024 · Short-term Lets: Regulation · Hansard source

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  It is a pleasure to serve with you in the Chair, Ms Harris. I thank the hon. Member for Cities of London and Westminster (Rachel Blake) for securing this important debate, and I also thank her for making the distinction between homeowners who sometimes rent out their property when they are on holiday and the commercialised industry that has developed. There is a clear distinction between the two, and I thank her for raising it. Short-term holiday lets have a role to play in boosting the local economy in holiday and city destinations, as has been mentioned by Members already. Until recently, I was the vice-chair of the VisitWindsor partnership, and I saw for myself the benefits that short-term holiday lets can bring to a town, particularly during events such as the funeral of Her Majesty Queen Elizabeth II and the coronation of King Charles III. In the 19th century, my constituency of Maidenhead, aided by the advent of the railways, became a popular holiday destination and was known as the jewel of the Thames. Today, it is not necessarily the go-to place for a weekend away, but we still have a number of short-term lets, which are not for holidays but instead support UK and global headquarters based in the town. They provide flexible accommodation for employees and visitors who come to the constituency, spend a few nights in a short-term holiday let and use our local facilities, such as the fantastic restaurants and businesses that we have. That is really welcome, but there is too much of a good thing. The Royal Borough of Windsor and Maidenhead council is one of many up and down the country that is facing rising housing costs, as it is battling to build both affordable housing, and temporary accommodation for people who find themselves homeless—some of whom have been evicted from properties that have made their way to being short-term holiday lets, as my hon. Friend the Member for St Ives (Andrew George) discussed. Some people are being forced to uproot their lives, take their children out of school and give up their jobs to move elsewhere in the country. It is devastating for everyone involved. We have heard how councils could play a role in what the future looks like, but we have seen local authorities being asked to do more and more with less and less, which has plunged some into financial crisis. In rural areas, the growth of short-term holiday lets is undermining our communities. Key local services such as bus routes, shops and post offices are closing down. The hon. Member for East Thanet (Ms Billington) mentioned being told, “We don’t have any neighbours.” No Member can fail to be moved by that statement. When we hear something like that, I think everyone is clear that something needs to change. The Liberal Democrats have long argued for local authorities to be given more powers, backed up by proper funding, to control second homes and short-term holiday lets in their area. We would allow local authorities to increase council tax by up to 500% where a home is bought as a second home, and bring in a stamp duty surcharge for overseas residents purchasing properties. In that way, owners who profit handsomely from the tourism business would be forced to pay back into their local communities. During consideration of the Renters (Reform) Bill, the Liberal Democrats argued for a six-month moratorium on the marketing of a property as a holiday let if it had been repossessed by the landlord on no-fault grounds. Local authorities are key to this, because they know what is right for their area. The hon. Member for Morecambe and Lunesdale (Lizzi Collinge) spoke earlier about a thoughtful, tailored, local approach, which we would welcome. We are calling for a separate planning class for short-term holiday lets, requiring owners to apply for a change of use and allowing local authorities to set their own numbers.