Rachel Reeves

Rachel Reeves

Labour — Leeds West and Pudsey

Speaking in the House of Commons on 21 May 2026

Debate

Middle East: Economic Response

Contribution

It is important that all the policies that we have set out are fully costed and fully funded, and the change that we have made to the foreign branch exemption will fund today’s package of measures. The reduction in inflation due to the measures I set out in my Budget last year, and the strong growth that we have seen—the fastest in the G7 in the first quarter of this year—make the package affordable and sustainable. That is why we are able to set out this support today.

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