Finance Bill — 27 Nov 2024 at 18:40

“this House declines to give the Finance Bill a Second Reading because it derives from the 2024 Autumn Budget which will lead to jobs being lost, curtailed investment and prices being raised; because the Finance Bill constitutes an assault on business by increasing taxes on investment; because it will reduce the competitiveness of the United Kingdom’s tax regime; because it levies the first ever tax on educational choice and will increase pressure on state schools; because it will drive up rents by increasing tax on homeownership; because it will substantially increase the size of the state without a sustainable plan to fund it; and because it will reduce living standards, increase borrowing and debt, drive up inflation and interest rates, with the result that the OBR growth forecast for the Autumn Budget is lower than that accompanying the Spring Budget of the last Government.”

“The rise is concerning. With a £1 increase each way, it will put even more strain on pensioners like me.”

“By 2028, average weekly earnings are set to be just £13 higher than they were in 2008.”

“Labour’s spending plans after 2025-26 are unlikely to survive contact with reality”

“the only way we can grow those public services with a stable economy.”-[Official Report, 30 July 2024; Vol. 752, c. 1253.]

“we will not increase National Insurance”.

“I believe the current Labour Government have gone back on the promises they laid out in the lead up to the last election.”

“deliver vital services keeping Suffolk residents safe and well”,

“ministerial control and convenience over robust parliamentary scrutiny.”

“We have now set the envelope for spending for this Parliament, and we are not going to be coming back with more tax increases or, indeed, with more borrowing.”

Debate in Parliament |