National Insurance Contributions (Secondary Class 1 Contributions) Bill

Debate between Polly Billington and Richard Fuller

2nd reading
Tuesday 3rd December 2024 Commons Chamber

[Ms Polly Billington (East Thanet) (Lab)]

I would just like the hon. Gentleman to apologise for the fact that all the things he has just outlined are the impact of his Government’s kamikaze Budget in 2022.

[Richard Fuller]

Since the hon. Lady is reviewing history, she should look at the Bank of England review by Bernanke, commissioned under the last Government, which looked at the impact on interest rates in the UK compared with other countries and included that period. She will see that the real impact of those changes on interest rates was no different from any other year. The UK stayed in exactly the same place every year. There is a difference between facts and reality and what the Labour party thinks is history.