Budget Resolutions

Debate between Richard Tice and Tom Tugendhat
Wednesday 26th November 2025

(2 weeks, 3 days ago)

Commons Chamber
Read Full debate Read Hansard Text Read Debate Ministerial Extracts
Richard Tice Portrait Richard Tice
- Hansard - -

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.

Tom Tugendhat Portrait Tom Tugendhat
- Hansard - - - Excerpts

I am interested to hear the hon. Gentleman using the figure of £70 billion, and I agree with him. He knows that £30 billion of that results from the rise in the triple lock, so does he agree that the triple lock is simply not affordable?

Richard Tice Portrait Richard Tice
- Hansard - -

The truth is that if we carry on going this way, nothing will be affordable, because this Chancellor is heading us towards bankruptcy as a nation. The reality is that nothing becomes affordable if we go bust under the Minister’s and the Chancellor’s mismanagement of this economy, so we need to change course, because all the data is bad.

I cannot believe the borrowing numbers, Madam Deputy Speaker! The OBR is forecasting that borrowing in this year alone will be some £21 billion higher—