National Insurance Contributions (Secondary Class 1 Contributions) Bill Debate

Full Debate: Read Full Debate
Department: HM Treasury

National Insurance Contributions (Secondary Class 1 Contributions) Bill

Rupert Lowe Excerpts
2nd reading
Tuesday 3rd December 2024

(2 weeks, 5 days ago)

Commons Chamber
Read Full debate National Insurance Contributions (Secondary Class 1 Contributions) Bill 2024-26 Read Hansard Text Watch Debate Read Debate Ministerial Extracts
Rupert Lowe Portrait Rupert Lowe (Great Yarmouth) (Reform)
- View Speech - Hansard - -

I start by reminding the House of a prescient analogy of Winston Churchill’s:

“For a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.”

This national insurance increase and threshold cut is simply a tax on jobs in the private sector. It will result in less employment, fewer bonuses, smaller pay rises and higher prices—and for what? To fund a state that is out of control and shows no regard for taxpayers’ money. That is exemplified by the Department for Work and Pensions, which hands out money like confetti, without the requisite disciplines. The answer is to radically cut the size of the state and release the innate creativity of the British people. What we need is less state, less tax, less bureaucracy and more prosperity. Will the Government accept full responsibility for the suffering that this tax increase will inevitably cause to our working people?