Rachel Reeves

Rachel Reeves

Labour — Leeds West and Pudsey

Speaking in the House of Commons on 3 March 2026

Debate

Spring Forecast

Contribution

We are backing the innovators through the reforms that we made in the Budget last year to make it easier to list in London, and easier to raise finance in the UK. We have permanently changed business rates, so that we have a lower multiplier for high-street businesses and smaller businesses, particularly in the retail, hospitality and leisure sector. We did that by putting £4.3 billion into the system. All of that money would have been withdrawn by the Conservatives.

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