Budget Resolutions

Helen Maguire Excerpts

Wednesday 26th November 2025 Commons Chamber

[Helen Maguire (Epsom and Ewell) (LD)]

I have listened carefully to the Chancellor, and while the Budget contains many claims, it offers little reassurance to my constituents, who will continue to feel the impact of decisions announced today.

Epsom and Ewell is home to fantastic hospitality businesses, from independent cafés such as Charlie & Ginger to charming local pubs such as the Penny Black in Leatherhead. Only last week, I had the pleasure of pulling pints at the Jolly Coopers, a fantastic community venue in Epsom. Hospitality businesses are still reeling from the increase in employer national insurance contributions announced in the previous Budget—a rise that has placed real strain on already tight margins.

The Liberal Democrats want to see an emergency VAT cut of 5% for hospitality, accommodation and attraction businesses until April 2027, funded by a new windfall tax on big banks that would raise £30 billion. A transformative measure like that would have driven footfall, eased pressure on prices and given our high streets the breathing space they desperately need. Instead, bankers are celebrating today, as there was not a single new tax on bank profits despite those profits having doubled in the past five years.

Middle-income earners in my constituency are being squeezed from every direction, with mounting household costs, spiralling food prices and eye-watering rail fares just to get to work, and now this Government are piling on yet another burden with the freeze on income tax thresholds. Let us call it what it is: a stealth tax that drags more people into paying more when their wages are only just catching up.

If that was not enough, the Government’s cut to the pension salary sacrifice scheme shows no regard for the longer-term consequences on people’s future pensions. It is fundamentally wrong to disincentivise pension saving, especially when so many have already been forced to cut back during the cost of living crisis. How do this Government expect working people to save responsibly for retirement when they are effectively being taxed for planning ahead? It is hard to see how this measure will not affect ordinary people.

Then there is the question of household energy bills, which the Government can and should be doing more to bring down. The UK continues to pay some of the highest electricity and gas prices in Europe. It is welcome that this Government have partly implemented the Liberal Democrat proposal of removing the renewables obligation levy from bills, but we would like to see the Government go further and break for good the link between gas and electricity prices.

All this comes as the Chancellor herself has acknowledged the economic impact of Brexit on our public finances. Instead of squeezing families and savers even further, could the Government not finally commit to growing the economy by repairing the damage of the previous Conservative Government’s botched Brexit deal, starting with negotiating a new UK-EU customs union? That is the responsible way forward, not continuing to squeeze those who are already struggling to make ends meet.

St Helier hospital is literally crumbling. Large windows are held together by masking tape and corridor floors are sinking into the ground. This is simply unacceptable, and has been going on for years. NHS staff are left to treat patients in abysmal conditions. Today, the Government did not say anything about the delayed new hospitals programme promised to patients or pledge new investment so that we can go further and faster on tackling the patient backlog. What does that say to staff and patients who are already crying out for help?

Frontline NHS services urgently need support, and taking certain appointments and treatments out of hospitals could help to reduce waiting times and staff pressures. That is why a national eye health strategy is a necessity; not only would it take the heat off one of the busiest out-patient departments in NHS hospitals by identifying opportunities for eyecare in the community, but it would deliver a true partnership between qualified optometrists and ophthalmologists while setting out a clear, long-term plan for eyecare.

Community health services are always welcome, and so I look forward to the roll-out of the 250 new neighbourhood health centres announced today, but we cannot ignore the fact that GP wait times are through the roof. For those health centres to work, we urgently need proper investment to ensure that everyone can see a GP within seven days and that staff feel supported. The Government cannot pick and choose which parts of healthcare they invest in when the people the Chancellor wants to get back into work need to be fit and healthy to do so.

I am disappointed in the lack of support for hospitality businesses and that the Chancellor is punishing working people trying to save for retirement, and I am disappointed that our hospitals have been left in disarray.