Yvette Cooper

Yvette Cooper

Labour — Pontefract, Castleford and Knottingley

Speaking in the House of Commons on 5 January 2026

Debate

Venezuela

Contribution

As the hon. Gentleman rightly points out, successive Governments have not recognised the Venezuelan regime, which is the basis on which the independent Bank of England took its decision. We continue not to recognise the Venezuelan regime because it is important that we have the pressure in place to have a transition to a democracy, which is also about the will of the Venezuelan people. Obviously, there are independent decisions for the Bank of England to take, but our principles are about maintaining and pursuing stability and a transition to democracy, and that is what is guiding our approach to recognition.

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