Budget Resolutions

Lewis Atkinson Excerpts

Wednesday 26th November 2025 Commons Chamber

[Richard Tice (Boston and Skegness) (Reform)]

This Budget has been a car crash—the third car crash over which this Chancellor has presided. The first was last year’s Budget, which was so damaging to business confidence, to jobs, and to the farmers who provide the food for this great nation. The second was the run-up to this Budget, with so many leaks. It was the hokey-cokey Budget—in, out, shake it all about—which, again, was damaging to business confidence. The third car crash has, I fear, written off the engine of the British economy, because once again all the data, all the incentives, are bad.

Let us just look at the simple data, shall we? Growth is down. It has been flatlining over the last quarter, and the OBR numbers show that the growth forecasts for the next four years have all been reduced. Jobs are down by nearly 200,000 people since the last Budget. Earlier this week I spoke to recruitment agents from up and down the country who told me that, essentially, businesses had stopped hiring particularly, and most damagingly, young workers. I fear this Budget will make that even worse.

Let us now look at the other data. Taxes will go up, over the next few years, to the highest level since the second world war. This Chancellor has achieved the extraordinary, unbelievable feat, after just two Budgets, of being the second highest tax raising Chancellor ever, raising taxes by some £70 billion.

[Lewis Atkinson (Sunderland Central) (Lab)]

On putting up taxes, a household living in a band A property in Sunderland that is worth £50,000 currently pays more council tax than one living in a £50 million property in Westminster. Do the hon. Gentleman and his Reform UK colleagues agree that reforming the system to increase council tax for those in higher bands is a good tax change to make in order to reduce people’s energy bills and to take 2,000 kids in Sunderland Central out of poverty?

[Richard Tice]

The good news is that when Reform wins more and more elections next May, we will be able to get better value for council tax across the whole country.

I will keep going. Over the next five years, welfare spending will increase by £70 billion per annum. That shows that this is not a Budget for workers; it is a Budget for those on welfare. It reduces the incentive to work, and it reduces the incentive to be an entrepreneur or a small business owner.