Property Taxes

Jeevun Sandher Excerpts

Wednesday 3rd September 2025 Commons Chamber

[Dr Jeevun Sandher (Loughborough) (Lab)]

I rise to speak against the motion on tax. I welcome the Chief Secretary to the Treasury, my hon. Friend the Member for Ealing North (James Murray), and his well-deserved promotion.

We all know that if we share in growth, we make the country more prosperous and we make it stronger. Tax, of course, helps to pay for the investment that makes us all more prosperous. Under the previous Government, we did not invest in our country and we saw a weaker nation as a result: the highest energy bills in the G7; the worst waiting lists ever seen in this nation; and the worst transport infrastructure in western Europe. That is what this Government are fixing and that is what we are doing with the taxes we have raised.

The Opposition motion speaks of property taxes—this from the party that dashed the dream of home ownership for my generation. Some 40% of those under 30 live with mum and dad. Young people living in big cities pay 40% of their income on rent, unable to save for a house because of the amount they are paying in housing costs. That is precisely the kind of thing we are fixing when we invest to build social housing—£40 billion-worth. But of course, all that needs to be paid for and that is exactly what we do with the taxes we raise. That is why we are proud of the country we are building, where every single one of us is better off.

Crucially, the taxes we raise follow three principles: that they are progressive, raising more from those on higher incomes than from those on middle and low incomes; that they are growth enhancing, both in the way that they are applied and in the investment they pay for; and that we can implement them easily. Those are the three principles that our taxes faced in the autumn: closing a non-dom loophole for those at the top of society; asking the largest businesses to pay more, so we can reduce our waiting lists; and increasing the taxes on second homes, so we can build homes for every single person in this nation. The revenue raised from those who can most afford it makes each one of us better off—that is what this Government are about.

The Opposition want to leave us with a nation where we are weaker: where we do not invest in our collective prosperity, as they did not for the last 14 years; and where we see, instead of a nation that is united and sharing in our prosperity, one that is divided. A house that is divided against itself cannot stand and a nation that is as divided as ours will not stand. It is for us to invest in every corner of this country, so that every person can benefit. That is exactly what we are doing in our economic programme and that is exactly the kind of investment we are paying for through our taxes.

We build a stronger nation when each of us shares in our prosperity, and we help to achieve that through our tax system when we invest to get wages rising, waiting lists down and energy bills down—a stronger nation where each of us is doing better, raising living standards that for too long have been far too low, helping people to be able to afford a home, helping them to raise a family, helping them to pay their bills without having to worry about their overdraft, and sharing, each of us, in our nation’s prosperity. That is what this Government are doing, that is what we are building and that is what we are proud to be a part of.