Steve Race

Steve Race

Labour — Exeter

Speaking in the House of Commons on 18 May 2026

Debate

Backing Business to Create Economic Growth

Contribution

I am sure the Minister on the Front Bench will answer in more detail at the end of the debate, but I absolutely agree. We can all do more to support small businesses, and measures in the King’s Speech will help such businesses across the country. I welcome the regulating for growth Bill, which will embed the presumption of growth in the work of regulators. Too often the framework of regulators has failed to balance the need to deliver with the duty to regulate. I look forward to seeing the details of that Bill. As ever, I take my inspiration from Exeter and its businesses, entrepreneurs and workers. New Motion Labs, Intelligent AI, Brain in Hand Ltd and RoleMapper are four examples of the new economy that is thriving in Exeter. Across my city and region, we are fashioning the answers and forging the future. The King’s Speech lays the foundations for economic growth and shared prosperity—based not on trickle-down economics or anarcho-capitalism, but on investment and modernisation. We are engaged in a battle of ideas, both here and around the world, and I say bring it on.

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