Finance Bill

Blake Stephenson Excerpts

Report stage
Monday 3rd March 2025 Commons Chamber

[Dr Sandher]

This Budget is investing in the future, and indeed changing this country. This is a Budget that is moving forward, but I want to cover the bits covered in the Finance Bill. It is a Budget, a Finance Bill, that is investing in labour-intensive sectors such as early years childcare and the warm homes plan.

[Blake Stephenson (Mid Bedfordshire) (Con)]

I am enjoying the hon. Member’s speech, and to give him a few moments to gather his thoughts, I remind him that new clause 1 would require a review of how many people receiving the new state pension at the full rate are liable to pay income tax this year and in the next four tax years, and specifically what the tax liability of state pension income will be. Would he care to provide the House with his thoughts on new clause 1?

[Dr Sandher]

I thank the hon. Member for his help and assistance. The aim is not only to improve pensioner incomes. On one side there is the tax change, and on the other side, the triple lock will ensure that the amount going to those pensioners increases by £400 from April. As Members on both sides of the House would agree, the triple lock has helped pensioners immeasurably.

It is right that I now draw my speech to a close. I thank all hon. Members for their help, and I also thank you, Madam Deputy Speaker.