Rachel Reeves

Rachel Reeves

Labour — Leeds West and Pudsey

Speaking in the House of Commons on 24 March 2026

Debate

Middle East: Economic Update

Contribution

I thank my hon. Friend for that question. That is why we have the energy profits levy and the electricity generator levy—so that we can claw back any excess profits. It is also why we believe in an active and strategic state, including through empowering our regulators, like the Competition and Markets Authority, to ensure that the price gouging we have seen in the past cannot happen after the conflict in the middle east.

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