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?

• 29 Apr 2025 · River Thames: Unauthorised Mooring · Hansard source

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  In Maidenhead, the local authority and generous individuals have taken matters into their own hands and have been able to get rid of many sunken boats along our stretch of the Thames. The EA has regarded owners of land as being responsible, but lots of riverbank owners are not known—we do not know who lots of the mooring owners are—and that causes significant delays and costs. Does my hon. Friend agree that it is time for the Environment Agency to step up and take responsibly? It should be supporting our community, rather than trying to pass on responsibility to unknown landowners.

• 29 Apr 2025 · Electricity Bills: Standing Charges · Hansard source

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  Has the Department assessed whether the rising standing charges are discouraging residents in our constituencies from switching to heat pumps and electric vehicles because they are concerned about the fixed costs that will come with them?

• 29 Apr 2025 · Electricity Bills: Standing Charges · Hansard source

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  1. What assessment he has made of the potential implications for his Department’s policies of recent trends in levels of standing charges for electricity bills.

• 23 Apr 2025 · Sewage · Hansard source

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  In my constituency, the Cut runs from Binfield all the way through to the Thames. That river had 615 hours-worth of sewage pumped into it last year, and my constituent Danny’s dog had to be put down, having got so ill from swimming in that water. Does the Secretary of State agree that no matter how many fines we levy against Thames Water, which ultimately come back to our bills—we have to pay for them—they will do absolutely nothing to deter the shareholders and make them invest properly where needed?

• 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?

• 19 Mar 2025 · Winter Fuel Payment · Hansard source

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  What would the Minister say to residents in Maidenhead who have told me that they are not eligible for pension credit? He talks about responsible choices, but the choice those residents now have to make is whether to dip into their savings to pay for their energy bills or to turn off their heating at night. A Labour voter contacted me who had had to make exactly that decision, and she said that she will never vote Labour again. Is that really the change that the Government were elected to introduce?

• 18 Mar 2025 · Topical Questions · Hansard source

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  T2. Martin, a disabled resident, lives in his park home in Maidenhead. After his boiler broke down two months ago, he has faced significant challenges. He is unable to apply for the boiler upgrade scheme, as park homes do not get energy performance certificates, and the National Energy Foundation, which visited him three weeks ago, has still not provided him with a response. Will the Secretary of State outline what support he can give Martin and other elderly residents without heat or hot water?

• 6 Feb 2025 · Flood Preparedness Projects · Hansard source

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  Will the Minister confirm what portion of the £2.6 billion allocated to flood preparedness will be used in my constituency of Maidenhead, specifically to protect the villages of Hurley and Cookham?

• 6 Feb 2025 · Flood Preparedness Projects · Hansard source

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  8. What steps he is taking to support flood preparedness projects.

• 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?

• 23 Oct 2024 · Independent Water Commission · Hansard source

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  Last year, water company bosses in England and Wales were paid £9.1 million in bonuses. That is while Thames Water proposes a 59% increase in customer bills by 2030. Does the Secretary of State therefore understand why many residents in our constituencies have lost faith in the regulator’s ability to control these powerful firms and will he commit to replacing the regulator with one that has some teeth?

• 9 Oct 2024 · Renters’ Rights Bill · Hansard source

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  Energy efficiency is really important in the rented housing sector, so does the Secretary of State agree that it is important that the Bill ensures that landlords upgrade their rented properties to an energy performance certificate grade C or above by 2028?

• 12 Sept 2024 · Topical Questions · Hansard source

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  Before the school summer holidays, 26 year 3 students at Holy Trinity primary school in Cookham wrote to me about sewage in the Thames. They are really concerned that water companies are allowed to get away with putting sewage in our water. Will the Minister meet me and students at Holy Trinity to discuss their concerns?