Emma Reynolds

Emma Reynolds

Labour — Wycombe

Speaking in the House of Commons on 3 November 2026

Debate

Budget Resolutions

Contribution

The last Parliament was the worst Parliament on record for living standards. Since the last election, living standards have increased by 1.8%. I urge the right hon. Gentleman to read the executive summary from the OBR, which stated: “As a net importer of energy, the rise in energy prices constitutes a negative terms-of-trade shock for the UK, which pushes up on inflation and lowers real household disposable incomes.” Those are the global headwinds we are facing.

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