Speeches by Reeves.

“I am sure that the hon. Member will agree that the best thing we can do to support households and businesses is to de-escalate the crisis and bring it to an end as quickly as possible. But, as I set out in my statement, I will not tolerate businesses price gouging and earning excessive profits because of the conflict i…”

“That statement revealed only that the shadow Chancellor is utterly out of his depth. In the past 20 months, we have had six cuts in interest rates. We have more than doubled the fiscal headroom compared with the headroom that I inherited from the Conservative party. For the first time in six years, our deficit is less …”

“For my hon. Friend’s constituents in Dartford and for people around the country, there have been six interest rate cuts since the general election. The more than doubling of the headroom means that we have a bit more room for manoeuvre in the face of shocks. However, gas has set the price for energy at a third less tha…”

“Thank you, Mr Speaker. The energy companies came back at the end of last year with their revised plans, and the regulators are now considering those. Ahead of the autumn, my right hon. Friend the Energy Secretary will to decide whether it is legal to go ahead with them, but we made a commitment in our manifesto to hono…”

“It is because of those concerns and not wanting to put any upward pressure on borrowing costs or inflation that we are looking at what targeted support can be offered, rather than the blanket support we saw the previous time energy bills went up. The Bank of England offered its assessment on the potential impacts on in…”

“That is a really important point. The previous Government had not done the contingency planning, so when the energy price shock came along, they said, “We are not going to provide any support.” In the end, they had a choice between doing nothing or providing blanket support. It was that blanket support that cost £78 bi…”

“I thank the hon. Lady for her questions. Nick Clegg once said that it would take 10 years to get nuclear power up and running so there was no point in doing it, as it would come on stream only in the 2020s. Imagine if that Deputy Prime Minister had not blocked investment in nuclear energy then—we would have the benefit…”

“I recognise that in my hon. Friend’s constituency, like in mine and many others, more people are in private rented accommodation than own their own home. One reason for introducing the Renters Rights Act 2025, which was opposed by the Conservative party, is to give people greater certainty, to enable them to challenge …”

“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 en…”

“My hon. Friend is right about the importance of manufacturing in Huddersfield and more widely across Yorkshire. We are introducing the supercharger from the beginning of April, which will take £420 million off the energy bills of the most energy-intensive industries. The British industrial competitiveness scheme will a…”

“I thank the right hon. Gentleman for his approach and for his question. The oil and gas industry plays an important role in our energy system and will do so for decades to come. We very much welcome the jobs that it creates, the tax revenue that it provides and, most importantly, the energy security that it offers. In …”

“It took 200 days for the previous Government to act on heating oil, and it took us under two weeks. We have put in £53 million, and that money is allocated based on heating oil usage in different parts of the country. None of the £53 million will go to help my constituents in Leeds West and Pudsey because we do not use…”

“My hon. Friend is right, but I would say it is worse than that in Scotland, where there is the legacy of two awful Governments: the Conservatives made people poorer, while the SNP Government fail to back our nuclear sector, which could deliver cheaper bills for people in Scotland.”

“I thank the right hon. Gentleman for that question. When he became Chancellor, it was on the back of lots of promises that there would be no support for energy bills. He and others recognised that that position was not sustainable, but work had not been done on how to introduce a targeted system, so the choice was a bi…”

“The two-child limit for universal credit will be lifted from next week, and food banks have said that that will reduce reliance on them from families with children. That is a very good thing, but there is more that the Government could do to try to bring down food inflation, including getting a sanitary and phytosanita…”

“That is why what we did in the Budget last year was so important. In other countries, domestic energy bills are now going up, but because of the measures that I took in my Budget last November, energy bills will fall from 1 April, despite everything that is happening in the middle east. However, what would have the big…”

“I agree that de-escalation is the best way to reduce bills for families and businesses. I gently say to the hon. Lady that we want investment in renewables, and we introduced the Planning and Infrastructure Act 2025 to make it easier to build them, but her party voted against that—a vote which would have kept people’s …”

“On the point about national grid infrastructure and why we end up paying for energy that cannot be used, we have to speed up those connections. That is why I spoke about consulting on indemnities for building out infrastructure, even in the case of judicial review. We must act in the national interest and get this infr…”

“Since I became Chancellor, we have had six cuts in interest rates, and for every month that I have been Chancellor, wages have risen faster than prices. Compare that with the previous Parliament, where people were worse off at the end than they were at the beginning. If the right hon. Lady believed in energy security s…”

“I thank my hon. Friend for those questions and for her campaigning work on Mossmorran to ensure that we can properly support her community, which we are also doing with our growth mission fund. We have introduced the cheaper fuel finder to ensure that price gouging does not happen, as it provides greater transparency o…”