Spring Forecast Debate

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Department: HM Treasury

Spring Forecast

Alison Taylor Excerpts
Tuesday 3rd March 2026

(1 day, 8 hours ago)

Commons Chamber
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Rachel Reeves Portrait Rachel Reeves
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I believe in fair taxes, and I believe the wealthy should pay their fair share, but I believe in bringing that about in a credible way that actually delivers for our constituents. That is why, in my two Budgets, I have ended the non-dom loophole, charged VAT and business rates on private school fees, raised capital gains tax and introduced a high-value property tax, which I believe the Green party opposes in London. The hon. Member failed to mention her party’s policy on defence and defence spending. This is important, especially now. We know that the Green party wants to leave NATO. She does not want to say it, but it is her party’s policy.

Alison Taylor Portrait Alison Taylor (Paisley and Renfrewshire North) (Lab)
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Does the Chancellor agree that sound management of the economy has provided the fiscal headroom to invest in large infrastructure projects, in contrast with Scotland, where the SNP Government cancelled the Glasgow airport rail link and sold off the land at a loss?

Rachel Reeves Portrait Rachel Reeves
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To be honest, when the SNP gets involved in infrastructure projects like trying to build a couple of ferries, it all seems to go horribly wrong. That is why, despite the fact that the SNP Government have had a record settlement from us, NHS waiting lists in Scotland continue to increase, while in England and Wales, under Labour Governments, they are falling.