Jonathan Reynolds

Jonathan Reynolds

Labour (Co-op) — Stalybridge and Hyde

Speaking in the House of Commons on 15 October 2026

Debate

Economic Growth

Contribution

I believe that the figures show a level of resilience in an extraordinarily difficult global climate. In terms of our ambitions, I am pleased that we are turning around the underperformance of the 14 years of Conservative government, but I want more, and I am ambitious and hungry for that. In order to achieve that, the Government have already committed to certain interventions. Going back to my previous point, we inherited the highest industrial electricity prices of any developed nation, but we are bringing those down by a quarter for 10,000 British businesses. I want more progress in that space, and I will be speaking to the Chancellor about further work on that agenda. We are bringing down the costs for business, giving them new markets through the success we have had with our trade deals, and ensuring that the regulatory system supports those objectives. All of that contributes to what I believe is a set of tremendous opportunities for the UK because of the assets that we have. We should be ambitious for the future.

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