Budget Resolutions

Vikki Slade Excerpts

Tuesday 2nd December 2025 Commons Chamber

[Vikki Slade (Mid Dorset and North Poole) (LD)]

Bearing in mind that we are talking about investing in the future, I would like to focus my comments on young people.

Last week I held a youth conversation and was so impressed with the focus of the young people on broad issues including housing and their fear of the far right. I look forward to hearing more about the next steps from the Youth Select Committee, which is currently looking at alternative strategies for student funding; they all accept that their student days need to be properly funded, but they feel—and I agree—that it is completely unfair that they are paying higher rates of interest than the landlords from whom they have to rent their properties, and that dragging them into tax earlier is making it even tougher for them to get on to the ladder, even as a renter.

Sadly, many of our graduates and others who have completed their education are finding it tough to get into work at all. Historically, many would have sought opportunities abroad, but, thanks to Brexit, most of those options are now gone. I welcome the prospect of the youth mobility scheme, but it does not go far enough—if the Chancellor was serious about fixing economic stagnation, cutting red tape and creating jobs, she would announce a new customs union with the EU, generating £25 billion a year in taxation alone and really giving us a period of renewal.

Other young people leaving school or college would have moved into hospitality, but in the past year, that sector has lost 90,000 jobs, many of which were filled by young people. Meanwhile, the businesses not cutting jobs are cutting shifts—something I experienced in my own home last weekend, when, over the payday weekend before Christmas, when most young people are relying on work, two of my children had their shifts cut at two separate successful businesses.

The failure of the Government to hear the Liberal Democrat call to cut VAT means there will likely be more shifts cut for young people, and older people, as the winter months arrive. While the Government have maintained that business rates changes will protect businesses, in reality the recent revaluation will see an increase in most businesses’ value and the loss of their small business relief, so many of them will be worse off. I urge the Government to look at this matter again.

I want to briefly mention the issue of special educational needs. I am pleased that the Government are absorbing these costs from 2028, but I am deeply concerned about what will happen between now and then. I am worried that councils will have gone under before we get to that point.

Finally, as time is short, I want to mention the issue of devolution. There was over £14 billion for mayoral authorities in this Budget, but nothing for my area of Dorset. I am sure the four Government Members from Dorset present will agree that it is completely outrageous to have a period of investment renewal with no money at all going to the area of Wessex. I urge the Government to bring forward the devolution programme for every part of the country and for every generation.