Mr Douglas Alexander

Mr Douglas Alexander

Labour (Co-op) — Lothian East

Speaking in the House of Commons on 8 May 2025

Debate

Trade Negotiations

Contribution

I thank my hon. Friend for his generous roll-call of honour. It would probably do my career prospects in the Department for Business and Trade some benefit if I added the Secretary of State to his roll-call of Lord Mandelson and the Prime Minister. Of course, the latest cut in interest rates from the Bank of England will be welcomed by hard-pressed families seeking to make their mortgage payments in communities right across the country. As I said earlier, the Prime Minister has commented on today’s US agreement that it is “jobs saved…not job done.” The work goes on in relation to sorting out the fiscal mess that we inherited and raising the trend rate of growth, but I hope that both the US deal today and the cut in interest rates will be welcomed in all parts of the House and the country.

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