← LEADERSHIP TERMINAL

UK PARLIAMENT · SITTING

Rachel Reeves

MP for Leeds West and Pudsey · Labour · United Kingdom

IN THEIR OWN WORDS

I thank my hon. Friend for his question and his work on the Treasury Committee. On pensions reform, through the Mansion House accord and Sterling 20, we have got pension funds to commit to investing more in British businesses, both through British venture schemes and in British infrastructure.

ECONOMIC STRENGTH · 2026-06-23 · READ IN HANSARD

I thank my hon. Friend for her question. As Members will know, this Government are working on plans with our NATO allies for a multilateral defence mechanism. We have already signed a treaty agreement with Finland and the Netherlands, and we are working closely with Scandinavian, Baltic and eastern European countries.

DEFENCE INVESTMENT PLAN · 2026-06-23 · READ IN HANSARD

At a time of great global uncertainty, it is more important than ever that we deepen ties with our closest allies and biggest trading partners, whose values we share, and whose interests are bound to ours.

UK-EU ECONOMIC CO-OPERATION · 2026-06-23 · READ IN HANSARD

Today the Government have responded to the covid counter-fraud commissioner’s recommendations in a report that I commissioned, which confirms that the Conservative Government left the door open to more than £10 billion of pandemic fraud.

TOPICAL QUESTIONS · 2026-06-23 · READ IN HANSARD

As I just said, the DIP will be published before the summit. It will involve more money spent more effectively, and it will meet the scale of the challenges we face. Frankly, I will take no lectures from the Conservatives, who left our armed forces, in the words of their former Defence Secretary, “hollowed out”.

DEFENCE INVESTMENT PLAN · 2026-06-23 · READ IN HANSARD

I thank my hon. Friend for bringing the story of Darren and Nicole to this House. I hope that they and their children will benefit from the change I made to the two-child limit for universal credit, as well as from the rolling out of free breakfast clubs to all primary schools, and the introduction of free school meals for all children wh…

COST OF LIVING: WYTHENSHAWE AND SALE EAST · 2026-06-23 · READ IN HANSARD

The complete record

Every one of 3,727 lines we hold for Rachel Reeves, in date order, each linked to its source. Free to read, in full, without an account. Page 34 of 75.

  1. We need an ambitious plan for the future. That is why Labour will scrap business rates, and the system that replaces them will incentivise investment, promote entrepreneurship and bring life back to our high streets. The race is on for the next generation of jobs, and Labour will make the investment we need with a growth plan to bring opportunities to the whole country, working in partnership with great British industries to get us to net zero and revitalise coastal communities and former industrialised towns. We do not want to be importing all the technologies and products we need; if we can make it here in Britain, we should do so. That is why a Labour Government will buy, make and sell more here at home.

    ACHIEVING ECONOMIC GROWTH · 2022-05-18 · READ IN HANSARD

  2. It is great to see Conservative Members taking so much interest in this. It suggests to me that a policy from them on the windfall tax is coming soon, and it will be welcome. We have said that the £600 would go to a third of households. We would increase the warm home discount from £140 to £400, and that would go to a third of households. The hon. Member is, like me, an MP in Yorkshire. Across Yorkshire, every day, an extra £4.5 million is spent on energy costs as a result of the Conservative party’s failure. A total of £220 million has been spent in the seven weeks since the energy price cap went up. Constituents in Thirsk and Malton, like my constituents in Leeds West, are looking for answers, and an expansion of the warm home discount, paid for by a windfall tax, would make a massive difference throughout our region in Yorkshire.

    ACHIEVING ECONOMIC GROWTH · 2022-05-18 · READ IN HANSARD

  3. The Tories cannot be trusted with public money. They have handed billions to their friends, to their donors and to fraudsters. We need an emergency Budget with a windfall tax to keep energy bills down. We need a Government that take growth seriously. We need a new vision for a fairer and more prosperous economy. Labour has a different economic approach: pro-worker and pro-business, with a plan to unleash the potential of both. A Labour Government would steer our country through these difficult times together. I urge Members across the House to do the right thing today and vote for an emergency Budget to get our country and our economy back on track.

    ACHIEVING ECONOMIC GROWTH · 2022-05-18 · READ IN HANSARD

  4. The best way to fill those gaps in the labour market is to be training people here in Britain. We have seen the nurses shortage in the papers today. We are having to bring in nurses from all around the world because we are not training nurses here. There are job vacancies here in Britain, and we need to ensure that our young people get the opportunities to train for those high-paid and high-skilled jobs here in Britain. [ Interruption. ] The Minister says that no one disputes that, so why are the Government not doing it? The Tories are out of touch and they are out of ideas. They are the party of high taxes because they are the party of low growth. Their choices have made the cost of living crisis much worse than it needed to be. Their decisions have left those with the least fearing for the future.

    ACHIEVING ECONOMIC GROWTH · 2022-05-18 · READ IN HANSARD

  5. At the spring statement, the Chancellor confirmed that the Conservative Government’s rise in national insurance—a tax increase on working people and the businesses that employ them—will go ahead. Since then, retail sales are falling, consumer confidence is tanking and GDP is falling. We are the only G7 country that is increasing taxes on working people in the middle of a cost of living crisis. National insurance is the wrong tax increase at the wrong time. Does the Chancellor still think that his tax rises on working people are the right approach?

    TOPICAL QUESTIONS · 2022-05-17 · READ IN HANSARD

  6. The Chancellor expects people to thank him for increasing their taxes only then to decrease them a couple of months later. The truth is that the Chancellor should be asking those with the broadest shoulders to pay a bit more in tax—such as the North sea oil and gas companies that are making record profits—yet he chooses not to tax them. Will the Chancellor explain today why he will not close the outdated, unfair and unjustifiable tax loophole that sees 70,000 people benefit from non-dom tax status?

    TOPICAL QUESTIONS · 2022-05-17 · READ IN HANSARD

  7. Does the Ministry of Justice believe that this could not only affect the retention rate but dissuade up-and-coming, newer legal minds from joining the judicial service in the longer term, as it may not benefit them financially? We are all acutely aware that the court backlog currently stands at 60,000, and the availability of experienced judges will be vital in reducing that figure. As such, while we welcome a uniform system, it would be helpful if the Minister could address some of those concerns so that we can ensure the new system works for everyone moving forward.

    JUDICIAL PENSIONS REGULATIONS 2022 · 2022-04-21 · READ IN HANSARD

  8. Regarding the new proposal, I would like to raise the question of equity for newer judges and those who intend to come into the system. It has been argued that if the new pension scheme is less favourable than the existing framework, the younger, less experienced judges will be the ones to lose out financially in the long run. The Council of Her Majesty’s District Judges responded to the new pension scheme by saying that even with the time-limited mitigation that the Minister referred to, it is difficult to support a proposal whereby the least well-paid judicial tier is the one that will suffer a month-on-month reduction in income. Does the Department recognise this, and how does it plan to mitigate its effects for those who argue the scheme is going to affect those coming into the judicial system?

    JUDICIAL PENSIONS REGULATIONS 2022 · 2022-04-21 · READ IN HANSARD

  9. I therefore note the Ministry of Justice’s intention that a uniform contribution rate would promote fairness between members, remove anomalies that occur at the boundaries of different bands in a tiered structure, and ensure that fee-paid judges who sit the same number of days contribute the same amount to their pension, regardless of their sitting pattern. We would, however, welcome the Minister’s thoughts on the matters raised by the judicial associations, which suggest that some judges may be financially worse off under the new regulations due to the apparently less favourable lump sum death benefits and uniform contribution rate. Has the Department made any assessment of the number of judicial office holders who may find the new regulations to be less favourable?

    JUDICIAL PENSIONS REGULATIONS 2022 · 2022-04-21 · READ IN HANSARD

  10. These regulations are to be welcomed for bringing clarity after the period of legislative conflict that followed the introduction of the judicial pension scheme in 2015. The Minister will recall that in January 2017, an employment tribunal found in the case of McCloud v Ministry of Justice that the transitional arrangements for judges for the introduction of JPS 2015 were not lawful under EU equality law and under the Equality Act 2010. A key issue was the loss sustained by unprotected and taper-protected judges due to the tax-registered status of the 2015 scheme. Judges alone suffered the combined effect of significant adverse changes to their pension scheme and radical change to the tax treatment of their pensions.

    JUDICIAL PENSIONS REGULATIONS 2022 · 2022-04-21 · READ IN HANSARD

  11. In eight days’ time, people’s energy bills will rise by 54%. Two weeks today, the Chancellor’s latest tax hike will start hitting working people and their employers. His national insurance tax rise was a bad idea last September, and he has admitted that it is an even worse one today. The Chancellor is making an historic mistake. Today was the day to scrap the tax rise on jobs. Today was the day to bring forward a windfall tax. Today was the day for the Chancellor to set out a plan to support British businesses. But on the basis of the statement today and the misguided choices of the Chancellor, families and businesses will endure significant hardship. The Chancellor has failed to appreciate the scale of the challenge that we face and, yet again, he is making the wrong choices for our country.

    FINANCIAL STATEMENT · 2022-03-23 · READ IN HANSARD

  12. Has down become the new up?” The Chancellor follows Humpty Dumpty’s advice and says, “When I use a word…it means just what I choose it to mean—neither more nor less.” Alice knows that under the Conservatives taxes are at their highest level in decades, as a result of the policies of this very same Chancellor. In fact, he was the only G7 finance Minister to raise taxes on working people during this crucial year of recovery. Curiouser and curiouser. As Alice climbs out of the rabbit hole to leave Sunakland, she recalls the words of the White Rabbit and concludes that perhaps the Chancellor’s reality is just different from hers. The actual reality is that the Chancellor’s failure to back a windfall tax, and his stubborn desire to pursue a national insurance tax rise, are the wrong choices.

    FINANCIAL STATEMENT · 2022-03-23 · READ IN HANSARD

  13. I cannot help but feel that in both the Chancellor’s recent Mais lecture and his statement today we are presented with increasingly incredible claims. Perhaps the Chancellor has been taking inspiration from the characters in Alice in Wonderland or should I say, Alice in Sunakland? Because nothing there is quite as it seems. It is the sort of place where a Chancellor celebrates giving people £200 to help them with their spiralling energy bills, before explaining that he needs it all back. In Sunakland, the Chancellor proclaims, “I believe in lower taxes”, at the same time as hiking Alice’s national insurance contributions. So Alice asks the Chancellor, “When did lower taxes mean higher taxes?

    FINANCIAL STATEMENT · 2022-03-23 · READ IN HANSARD

  14. Labour would get the economy firing on all cylinders, ensuring that we buy, make and sell more in Britain, scrapping business rates and replacing them with a fairer system fit for the 21st century, something that small and high street businesses are crying out for, and the Chancellor mentioned not at all in his statement today. Labour would make a climate investment pledge to decarbonise the economy, create good jobs in every part of Britain and strengthen our energy security too. Businesses are seeing unprecedented increases in their costs right now, but all we hear from the Chancellor today is the promise of jam tomorrow, not the support that is needed now. Today’s statement lacks the long-term plan for productivity, skills and growth. Where is it?

    FINANCIAL STATEMENT · 2022-03-23 · READ IN HANSARD

  15. That is why Labour has announced a tough set of fiscal rules to get our debt and our deficit down. The truth is that, because of the Government’s failure to get the economy growing, the Chancellor has had to put up taxes on families and businesses a staggering 15 times. The Chancellor has raised taxes more in the last two years than any previous Chancellor in the last 50. He says it is all down to the pandemic, but the truth is that the Conservatives have become the party of high taxation because they are the party of low growth. I understand that the Chancellor has a portrait of Nigel Lawson above his desk. Well, today we have an energy price crisis, record prices at the pumps and inflation is back. The truth is that he is not Nigel Lawson; he is Ted Heath with an Instagram account.

    FINANCIAL STATEMENT · 2022-03-23 · READ IN HANSARD

  16. Working families cannot, pensioners cannot and businesses cannot. The weak growth forecasts we have seen today should be flashing red on the Chancellor’s desk. The Chancellor said, in his statement, that the work starts today. Is he serious? The Conservatives have been in government for 12 years, not 12 hours. What has taken them so long? Since his party entered government, the UK has experienced the biggest downgrade in growth of any major economy. Under the last Labour Government, economic growth was 2.1% a year. In the last 12 years under the Conservatives, it has averaged 1.5%. Now we know that growth has been downgraded this year too. Growth is essential for funding our public services, keeping taxes under control and keeping a handle on public finances too.

    FINANCIAL STATEMENT · 2022-03-23 · READ IN HANSARD

  17. The Chancellor has been signing cheques to fraudsters, including organised criminals and drug dealers. Let us put the Chancellor’s fraud failure in context. He has lost a staggering £11.8 billion of public money to fraud. That is twice the amount that a previous Conservative Government lost on Black Wednesday. As a result of—let us face it—that jaw-dropping incompetence, the Conservatives have been funding crime instead of fighting it. Now the Chancellor has the audacity to come to British taxpayers to ask them to pay more to fill his black hole. There can be no cover-up to hide political embarrassments, so let us call in the National Crime Agency to investigate. We need answers and people to be held to account, because—let us be clear—taxpayers want their money back. The truth is that people can no longer afford the Conservatives.

    FINANCIAL STATEMENT · 2022-03-23 · READ IN HANSARD

  18. Someone with significant income from buying and selling stocks and shares will not be paying any more in tax, but those people powering our economy will be. The Chancellor has made the wrong choices. The Chancellor says that we cannot help everyone, which is absolutely true. But who has he been helping out? Those who have been swindling the taxpayer. The Chancellor left open the vaults for widespread waste, crony contracts, and a frenzy of fraud. It was, as his former Tory Treasury Minister put it, “happy days if you were a crook.” Seven billion items of personal protective equipment—not usable—are now being burned. Taxpayers’ money is literally going up in smoke, and £3.5 billion worth of contracts were awarded to friends, donors and pub landlords. And it gets worse.

    FINANCIAL STATEMENT · 2022-03-23 · READ IN HANSARD

  19. Despite his reluctant measures, he is still taking money out of people’s purses and wallets with an increase in national insurance contributions. The changes he is making today prompt a question about why he embarked on them in the first place, despite warnings from the Labour party and from many, many others. It is one thing for the Prime Minister and Chancellor to disagree with each other, but the centrepiece of the Chancellor’s statement today is based on a disagreement with himself. For all his tax rises for millions in the middle, where is the increased tax contribution from the wealthiest in society? A landlord with a large number of properties will not pay a penny more in taxes, but their tenants will.

    FINANCIAL STATEMENT · 2022-03-23 · READ IN HANSARD

  20. A targeted warm home discount would see families and pensioners on the lowest and modest incomes supported by £600. Today the Chancellor comes along, after 12 years of failure on energy efficiency, and announces a VAT cut on building materials. That is wholly inadequate. A proper energy-efficient scheme, such as that set out by Labour, could cut bills by £400 for people from next year. The silence from the Chancellor about our energy intensive manufacturing industries is appalling. At this time of national crisis, people and businesses need a Government who are on their side. The Chancellor spoke of difficult choices, and I agree. There are always choices to be made, such as who to tax and who to shield.

    FINANCIAL STATEMENT · 2022-03-23 · READ IN HANSARD

  21. He continues to defend the record profits of oil and gas producers, who themselves admit that they have more money than they know what to do with. BP describes this crisis as a “cash machine” for it, but it is British people who are paying out. It is deeply regrettable that the SNP has joined the Tories in wanting to shield oil and gas producers from Labour’s progressive measures. When I set out Labour’s plans for a windfall tax in January, we estimated that it would have raised £1.2 billion. Because of the continued rise in global oil and gas prices, it would today raise more than £3 billion. That money could be used to help families, pensioners and businesses, with a cut to VAT being a real Brexit dividend that would help working families and pensioners across our country.

    FINANCIAL STATEMENT · 2022-03-23 · READ IN HANSARD

  22. Families are struggling to buy new school shoes and uniforms for their children. Older people are hesitating to put the heating on, because they are worried about the cost. At the weekend, the Chancellor was asked about fuel poverty, and he did not even know the numbers. That is shameful, because when Martin Lewis predicts that 10 million people could be pushed into fuel poverty, the Chancellor should sit up and listen. We know that pensions and social security will not keep up with inflation, and pensioners and those on social security will be getting a real-terms cut to their income. What analysis has the Chancellor done on the impact of benefits being uprated by less than inflation? How many more children and pensioners will drift into poverty because of the choices of this Government? Who does the Chancellor prioritise?

    FINANCIAL STATEMENT · 2022-03-23 · READ IN HANSARD

  23. In October, inflation was already forecast to be double the Bank of England’s target, yet the Prime Minister said that fears of inflation were unfounded. Today we learn that inflation has reached 6.2%, and it is expected to go higher in the coming months. People are rightly looking to their Government to help them weather this storm. Labour will support sensible measures to ease the pressure, but what the Chancellor has announced today says everything we need to know about his priorities. The cost of living crisis is hitting people particularly hard because incomes have been squeezed during the past 12 years of Conservative Governments. Ordinary families, disabled people, and pensioners are facing difficult choices. Mums are skipping meals so that their children do not.

    FINANCIAL STATEMENT · 2022-03-23 · READ IN HANSARD

  24. He talks about providing security for working families, but his choices are making the cost of living crisis worse, not better. The situation following Putin’s criminal assault on Ukraine remains gravely serious. Just one month after the invasion, so much has changed, and there will be repercussions for years to come. The Chancellor has today failed to explain why he chose to sign off on a reduction in our country’s armed forces last October. Will he confirm whether the Government’s target Army size is still being reduced by 10,000 troops? I say this to the Chancellor: Labour will support whatever is needed on defence and security, in order to keep our country safe. The tremors following Putin’s aggression will impact Britain, including economically, but the cost of living crisis predates Putin’s attack on Ukraine.

    FINANCIAL STATEMENT · 2022-03-23 · READ IN HANSARD

  25. Thank you, Mr Speaker. Today was the day that the Chancellor could have put a windfall tax on oil and gas producers to provide real help for families, but he did not. Today was the day he could have set out a proper plan to support businesses and create good jobs, but he did not. Today was the day that he could properly have scrapped his national insurance hike, but he did not. Labour said it was the wrong tax at the wrong time, and the wrong choice; and today the Chancellor has finally admitted that he got that one wrong. Inflation is at its highest level for 30 years, and rising. Energy prices are at record highs, and people are worried sick. For all his words, it is clear that the Chancellor does not understand the scale of the challenge.

    FINANCIAL STATEMENT · 2022-03-23 · READ IN HANSARD

  26. Millions of people are worried sick about soaring bills. Meanwhile, BP says it has more cash than it knows what to do with and has compared its record profits from inflated prices to a cash machine. Those profits are not being used to fund new investment. They are going on dividends and share buybacks, so why will the Chancellor not make North sea oil and gas companies pay their fair share of taxes to tackle the enormous cost of living crisis?

    TOPICAL QUESTIONS · 2022-03-15 · READ IN HANSARD

  27. That is not happening with the share buybacks. The Chancellor is totally out of touch. He does not seem to understand how the cost of living crisis is affecting the least well off in society, as campaigner Jack Monroe highlighted. The Institute for Fiscal Studies confirmed that the poorest households face an inflation rate 50% higher than the richest households. The Resolution Foundation warns that between 2020 and 2022, 700,000 more children will have fallen into poverty. That is devastating, but it is not inevitable. The Chancellor can and must do more in the spring statement to provide people with real help, not just a loan. Why is he so intent on shielding oil executives, instead of protecting the poorest in society?

    TOPICAL QUESTIONS · 2022-03-15 · READ IN HANSARD

  28. If the Government cannot commit to halting the national insurance rise today, they must do so then, two weeks before it comes in on 6 April and hits working people and employers hard. Today is an opportunity for the Conservatives to show that they get it, and do not want to make the cost of living crisis even worse than it already is.

    NATIONAL INSURANCE CONTRIBUTIONS INCREASE · 2022-03-08 · READ IN HANSARD

  29. The Government should have acted when the cost of living crisis started growing last September and well before it spiralled out of control in December, with costs soaring and inflation heating up. The Russian invasion of Ukraine is devastating lives and livelihoods, and we must do all we can to stop Putin’s aggression. What is happening in Ukraine will have a cost of living effect here at home, too. When the facts change, so should the Government’s policies; people cannot afford Ministers carrying on regardless of worsening circumstances. The Chancellor must show some understanding of the real-world consequences of his policies for working people and businesses. The spring Budget will take place two weeks tomorrow, on 23 March.

    NATIONAL INSURANCE CONTRIBUTIONS INCREASE · 2022-03-08 · READ IN HANSARD

  30. Inflation is now 5.5%, the highest level since 1992, and is forecast to reach a massive 8% next month, outpacing people’s pay rises—if they get one at all. Growth is expected to slow further. The stark reality is that over the past 12 years, the Tories have become the party of high taxes because they are now the party of low growth. This morning’s report by the Resolution Foundation finds that the average household will experience a £1,000 hit from tax rises and energy price increases this year under the Conservative Government. The Treasury Committee rightly highlighted the Office for Budget Responsibility’s forecast, which stated that “the policy mix chosen by the Chancellor” at the last Budget “will act as a boost to inflation”. Just focus on that for a moment: the Chancellor’s own policy choices are boosting inflation.

    NATIONAL INSURANCE CONTRIBUTIONS INCREASE · 2022-03-08 · READ IN HANSARD

  31. I beg to move, That this House calls on the Government to cancel its planned 1.25 percentage point rise in National Insurance Contributions that will cost families an average of £500 per year from April 2022. Six months ago today in this Chamber, I set out Labour’s opposition to the Conservatives’ national insurance tax hike. It was clear to us then that this was going to be a heavy burden on working people and businesses who could ill afford it. Since that time, the situation has worsened, but the Conservative party has not altered its wrong course. Filling up the car with petrol is more expensive, energy bills are soaring, and the cost of the weekly food shop is rising. It all adds up.

    NATIONAL INSURANCE CONTRIBUTIONS INCREASE · 2022-03-08 · READ IN HANSARD

  32. The hon. Gentleman is absolutely right. That is the great deceit at the heart of this national insurance tax rise. I will address some of those details in a moment.

    NATIONAL INSURANCE CONTRIBUTIONS INCREASE · 2022-03-08 · READ IN HANSARD

  33. The case for our proposal gets stronger by the day, and the Chancellor should adopt it, but instead of easing the cost of living crisis, the Conservatives are the cost of living crisis.

    NATIONAL INSURANCE CONTRIBUTIONS INCREASE · 2022-03-08 · READ IN HANSARD

  34. The Chancellor is not here to defend his new tax on jobs—I do not know why—but it is becoming increasingly clear that rather than help people now when they really need it, the Chancellor is telling his colleagues and briefing newspapers that he will make people wait until an election, when he wants to make a new set of promises to win people’s votes. People need help now and the Government should act now, not play games with people’s living standards. Voters are smarter and savvier than the Chancellor assumes. They have already seen through his buy now, pay later loan scheme, meant to help with energy bills. It is not too late for the Government to look again at Labour’s proposal for a one-off windfall tax on oil and gas producers in order to cut household energy bills by up to £600 this year.

    NATIONAL INSURANCE CONTRIBUTIONS INCREASE · 2022-03-08 · READ IN HANSARD

  35. This manifesto breach now belongs to the entire Conservative Government and especially the Chancellor, who seems not to want to take responsibility for his own tax rises. Let us not forget that last March, a year into the pandemic, the Chancellor said, “We’re not going to raise the rates of income tax, national insurance, or VAT.” This is not just the wrong thing to do; it is a broken promise. It is a clear and flagrant breach of the Conservative party’s own manifesto. They promised the public that they would not do this, and now they are going back on their word.

    NATIONAL INSURANCE CONTRIBUTIONS INCREASE · 2022-03-08 · READ IN HANSARD

  36. I fully agree with the hon. Gentleman. A buy now, pay later scheme for energy prices, based on the premise that prices are going to fall, does not bear any relation to the facts. That is why I say, when the facts change, so should the Government’s policies. They should not just carry on steering the boat in the wrong direction, towards the storm. It is fair to say that the Prime Minister’s word has recently been deeply discredited, but let me remind the Chamber what he previously said about tax: “Read my lips: we will not be raising taxes on income, or VAT, or national insurance.” This is not just another of the long list of broken vows from a leader who has a fleeting relationship with truth and accuracy.

    NATIONAL INSURANCE CONTRIBUTIONS INCREASE · 2022-03-08 · READ IN HANSARD

  37. Politics is about choices; the hon. Lady makes an important point. This Government are making the choice to increase taxes on ordinary working people and those who employ them, while on the Opposition Benches, we say that those who have benefited from the high energy prices should pay a bit more in tax to relieve the pressure on ordinary working people. We have a Conservative Minister who goes on the TV and radio and says that energy companies and the North sea oil and gas companies are struggling right now. Tell that to my constituents, the hon. Lady’s constituents and all our constituents who are struggling to pay the bills, while the profits keep coming in for the big oil and gas producers.

    NATIONAL INSURANCE CONTRIBUTIONS INCREASE · 2022-03-08 · READ IN HANSARD

  38. On Sunday, the Federation of Small Businesses warned: “Slamming small firms with a jobs tax hike will put the brakes on investment, upskilling and growth within communities most affected by the pandemic.” The Chancellor must know what business organisations and trade unions are saying. We can only conclude that he is consciously disregarding their experience and views. We know from research by the National Institute of Economic and Social Research that job-intensive sectors will be disproportionately hit hard. The Conservatives have deliberately designed a tax hike that will hit people working in hotels, restaurants, transport, retail and wholesale especially hard.

    NATIONAL INSURANCE CONTRIBUTIONS INCREASE · 2022-03-08 · READ IN HANSARD

  39. If we raised those taxes now on North sea oil and gas companies, we could bring in money that could be used to relieve pressure now. I think that the right hon. and learned Gentleman’s constituents in North East Hertfordshire would be pretty pleased to have money off their bills this year, rather than the buy now, pay later scheme that we get from this Chancellor. Why is the Chancellor not listening? The Conservatives’ rise in national insurance will hit almost 30 million working people. The TUC rightly argues that it is wrong to hit young and low-paid workers while “leaving the wealthy untouched”. The British Chambers of Commerce describes the Government’s policy as “a drag anchor on jobs growth”. The CBI put it bluntly and said that it will “hurt a business’s ability to hire staff”.

    NATIONAL INSURANCE CONTRIBUTIONS INCREASE · 2022-03-08 · READ IN HANSARD

  40. The average household in the hon. Lady’s constituency will be £1,200 worse off because of the tax increases and the price rises happening as a result of her Government’s policies. As she well knows, we would use the windfall tax to relieve pressure on household gas and electricity bills. The hon. Lady might oppose that, but I suggest she puts that on her leaflets and puts that to the voters in her constituency at the next election.

    NATIONAL INSURANCE CONTRIBUTIONS INCREASE · 2022-03-08 · READ IN HANSARD

  41. Roman Abramovich and billionaire oligarchs are not being made to pay more tax. In fact, some of those trying to relinquish their assets now appear to be using offshore vehicles to avoid paying tax. Lubov Chernukhin, wife of Putin’s former finance Minister, and mega-donor to the Tory party, has reportedly lobbied Ministers against higher taxes for the wealthy. As luck would have it, she will not be paying any more tax, unlike people across Britain who work for a living and keep our economy going.

    NATIONAL INSURANCE CONTRIBUTIONS INCREASE · 2022-03-08 · READ IN HANSARD

  42. The hon. Gentleman speaks powerfully on behalf of his constituents, who are struggling with the double whammy of prices increasing, particularly gas and electricity bills, at the same time as this Government are piling on pressure after pressure with higher taxes on the same people who are paying those higher bills. He is absolutely right that people can only take so much, and the national insurance contribution tax hike is, as he says, potentially the straw that breaks the camel’s back. Politics is about priorities, and it is about choices. So who has the Chancellor chosen to protect—not to tax more? Those who earn huge incomes from a large portfolio of buy-to-let properties or those making large sums from selling stocks and shares will not pay a penny more tax on that income. The super-rich will not be paying more.

    NATIONAL INSURANCE CONTRIBUTIONS INCREASE · 2022-03-08 · READ IN HANSARD

  43. Then there is the colossal Government waste during the pandemic, with £8.7 billion lost on unusable personal protective equipment, all paid for by the taxpayer. Billions has been spent on crony contracts that have not delivered, and every single cheque has been signed by the Chancellor.

    NATIONAL INSURANCE CONTRIBUTIONS INCREASE · 2022-03-08 · READ IN HANSARD

  44. I thank my hon. Friend for bringing that to the House’s attention. It is exactly why Labour said that the warm home discount should be expanded to ensure that the money goes to the people who need it, not the landlords. At the same time as the Government are asking hard-working British people to pay more in tax, they are writing off billions of pounds in fraud. Ordinary people are paying for this Government’s waste. The Chancellor repeatedly ignored warnings about the holes in his covid business support schemes, resulting in £4.3 billion of public money being written off. That does not even include the amounts lost to bounce back loan fraud, including taxpayer cash handed out to drug dealers and organised criminals. That fraud currently stands at £4.7 billion, so that is £9 billion and counting handed to fraudsters.

    NATIONAL INSURANCE CONTRIBUTIONS INCREASE · 2022-03-08 · READ IN HANSARD

  45. Let me just finish this point. Yesterday, we saw a whole new meaning to burning through money. After wasting billions on unusable PPE, the Government are literally burning it to get rid of it—putting taxpayers’ money through the furnace. The Conservatives’ promise to get value for money for taxpayers has gone up in flames. Taxpayers do not want to keep picking up the price of these dodgy contracts, fraud and waste. I will be very interested to hear the hon. Gentleman’s views on that.

    NATIONAL INSURANCE CONTRIBUTIONS INCREASE · 2022-03-08 · READ IN HANSARD

  46. In fact, when it comes to the tax rise, they are piling on the pressure and making matters worse. They must think again and back Labour’s motion today.

    NATIONAL INSURANCE CONTRIBUTIONS INCREASE · 2022-03-08 · READ IN HANSARD

  47. It is the wrong tax at the wrong time: the cost of living is higher, inflation is out of control, wages are not keeping up, energy bills are going through the roof and family finances are stretched, yet the Chancellor refuses to back our windfall tax plans to help. The Chancellor has not turned up today, but my message to the Minister is that he must turn up to the spring Budget with a plan to make a difference to the cost of living. The Chancellor’s tax rise should not go ahead. MPs can send the strongest signal today by backing our calls to cancel the national insurance tax increase next month. They know full well that our country believes that it is time to change course. The Conservative Government are not doing enough to cushion the blows.

    NATIONAL INSURANCE CONTRIBUTIONS INCREASE · 2022-03-08 · READ IN HANSARD

  48. Yet almost three years on, we know that the Government’s approach to social care will not stop people selling their home to pay for care, it will not deliver a penny more to improve care today, and it will not add a single minute of care and support for those who need it. Even then, NHS waiting lists are set to rise even further for the next two years. The Government will not fix the problems with our social care sector or our NHS. Never before have taxpayers been asked to pay so much and got so little in return. It is time for the Chancellor to urgently change direction. The national insurance tax rise was wrong in September and it is even worse in March.

    NATIONAL INSURANCE CONTRIBUTIONS INCREASE · 2022-03-08 · READ IN HANSARD

  49. The hon. Gentleman knows that the average household in Gloucester will be £1,299 worse off because of the double whammy of tax increases and price increases. I think they would be pretty concerned about the amount of taxpayers’ money that is being written off in fraud and waste—money that is being burned by the Government. Despite waste and fraud costing more than this year’s national insurance contribution rise will raise, the Prime Minister says that the tax rise is necessary. That is the great deceit. On the steps of Downing Street in 2019, he claimed to have a plan for social care.

    NATIONAL INSURANCE CONTRIBUTIONS INCREASE · 2022-03-08 · READ IN HANSARD

  50. The Government’s scheme is a pale imitation of Labour’s, especially for the households and pensioners on the most modest incomes, but the Chancellor is using council tax to target extra help. That will mean that many of the poorest households receive no extra support, while some of the richest do, and it is people living in the north and the midlands who will lose out most. The hypocrisy, the day after the publication of the Government’s levelling-up White Paper, is obvious. [Interruption.]

    ECONOMIC UPDATE · 2022-02-03 · READ IN HANSARD