Oral Answers to Questions

Debate between Nick Timothy and Peter Kyle

Thursday 30th October 2025 Commons Chamber

[Peter Kyle]

As the hon. Lady knows, we have put a lot of effort into the reset with the EU. We have built new opportunities for British people and British business, and we will continue to do so.

[Nick Timothy (West Suffolk) (Con)]

Every Labour Government in history have ended their time in office with unemployment higher than when they started, and this Government have made a record-breaking start. Businesses large and small in West Suffolk are putting off investment decisions, freezing recruitment and laying off staff because of the burdens already imposed on them by this Government—business property relief, the family farms tax, national insurance contributions, and the employment rights legislation. After the last Budget, the Chancellor told the Confederation of British Industry that she was not going to “come back for more”, so will the Secretary of State take this opportunity to end the uncertainty and tell business very clearly that there are going to be no more tax rises on business in the Budget?

[Peter Kyle]

I reassure the hon. Gentleman that the industrial strategy gives clarity on policy for 10 years into the future, which has been welcomed by businesses large and small. I also reassure him and the businesses in his community that there will be no repeat of the mini-Budget that the Conservatives inflicted on our country, for which we are still paying the price. Finally, I reassure him that we have a Chancellor who puts first and foremost the primary mission of this Government, which is economic growth—the kind of growth that is delivering record investment in our economy, from which every business, large and small, is benefiting equally right around the United Kingdom.