Neil Hudson
Main Page: Neil Hudson (Conservative - Epping Forest)Department Debates - View all Neil Hudson's debates with the HM Treasury
(1 day, 13 hours ago)
Commons ChamberWorking people are those millions of people across the country who put so much in every day but have not been getting back what they deserve. Those are the people this Government are backing, and that is why, at this Budget, the Chancellor chose to prioritise breathing space for families and businesses, including on the cost of energy. He set out how we will tackle the long-term challenges facing our country. For families, that will mean a £100 household energy payment to support 20 million households—80% of households in England—along with an extension of the VAT cut for electricity bills and a further extension to the fuel duty freeze.
I am grateful for the Minister giving way—I have a huge amount of respect for him. He is always the brave Minister who has to pad up and go out to bat to defend the indefensible, such as the jobs tax, the family farm tax or the family business tax. I wonder if the Minister could enlighten me: if there is a pub landlord hiring local people and serving beer to customers—who may or may not own black Labradors—are they a working person?
Of course they are. If the hon. Member wants to talk about defending the indefensible, I wonder how he ever stands up in this place to talk about the previous Conservative Government because that must be an insurmountable challenge. I hope that he would welcome what the Chancellor announced at the Budget to give breathing space to businesses because it will mean that more than 70,000 small retail, hospitality and leisure properties are taken out of paying business rates altogether, that pubs will have a 20% cut in their business rates from next April and that business rates for retail, hospitality and leisure premises of all sizes will either fall or be frozen in real terms. In addition to business rates, many firms will benefit from our freeze on red diesel duty and from the reduction in energy bills by up to 25% for more than 10,000 eligible businesses from next April through the British industrial competitiveness scheme. That is what breathing space for businesses looks like, alongside the breathing space for families.
As I said earlier, the bedrock of our approach—our lodestar—to the public finances is fiscal discipline. That is why the Budget set out how we will fully fund all new policy and breathing space measures for families and businesses. In deciding his approach, the Chancellor rejected broad-based tax rises, instead taking decisions about tax changes that are fair, proportionate and targeted. That included having banks help pay for the energy help for households this winter through a temporary increase to the bank surcharge and an increase in machine games duty for higher-stakes machines to help fund cuts for business rates.