Oral Answers to Questions

Debate between Freddie van Mierlo and Rachel Reeves

Tuesday 10th March 2026 Commons Chamber

[Rachel Reeves]

I thank my hon. Friend for what he said about the Leonardo contract at Yeovil, which supports many thousands of jobs in Somerset, and indeed Dorset. I am proud to be the Chancellor who has overseen the biggest uplift in defence spending since the end of the cold war; that has enabled us to support this investment and many others.

[Freddie van Mierlo (Henley and Thame) (LD)]

T10. The £100,000 tax trap means that some residents, if they have a student loan, are paying 71% marginal rates. That is one of the reasons why salary sacrifice is so popular—but those people want to use that money in the economy now. What is the Chancellor doing to address the tax trap at £100,000?