Parliament's party history for this member: Liberal Democrat ( – present).
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On a point of order, Madam Deputy Speaker. The right hon. and learned Member for Fareham and Waterlooville (Suella Braverman) claimed twice during today’s debate that 27 young non-EU migrants have been hired for every young Brit since 2020, but the reality is very different. The report that the right hon. and learned Member was referring to has been debunked. If the actual numbers of employed young people, not the increases in the number of payrolled young people, are used, 10 UK under-25s are employed for every one non-EU national. I ask for your advice, Madam Deputy Speaker, on how Members of this House can be asked to correct the record.
The Government’s use of the outdated council tax system to roll out their energy support package has led to an absurd situation whereby between 800,000 and 1.4 million people on low incomes will miss out on the £100, while a wealthy couple who have retired early and have downsized are set to benefit. There is absolutely no excuse for this. The Government could have followed our plan to use existing DWP and HMRC data to roll out a targeted essential energy guarantee, getting the most help to those who need it most, so why on earth did they not do so?
The Prime Minister and his Cabinet rightly point to Brexit as a major reason for the UK’s doom loop of low economic growth, and in two and a half weeks’ time, the Government will have an opportunity to do something about it. Rather than just discussing a timid UK-EU youth mobility scheme that should have been agreed months ago, will they start negotiations for a new growth and defence partnership as the only surefire way to put money back in people’s pockets and make the UK stronger, safer and more prosperous?
What we needed was a growth Budget, because only by growing the economy can we cut people’s taxes and bills. We Liberal Democrats have repeated our calls for a new growth and defence partnership with Europe, because growth through such a partnership would enable us, in time, to raise the income tax threshold to £15,000. If we can grow the economy, we can put more money in people’s pockets.
The Government’s cost of living package was too timid and not well targeted. The OBR is clear that living standards are not set to improve. I am deeply disappointed that the Government’s energy proposal is linked to the outdated council tax system. That means that between 800,000 and 1.4 million of the most vulnerable people on low incomes will not benefit from the £100 payment, while wealthier people who may have retired early and downsized will. That could have been avoided.
We have called several times on the Government to use existing data held by the Department for Work and Pensions and HMRC to roll out an essential energy guarantee to slash the cost of the first chunk of essential energy, benefiting everybody, and giving extra support to those who are most in need, such as the disabled. That is the most progressive way of supporting people with the cost of energy bills, it is the most targeted way of doing it, and it is within the Government’s reach.
The Government already have the data through DWP, which it uses to roll out the warm home discount. That data is already there, the system exists with energy providers and it would have operated just as quickly. HMRC has the data on child benefit; equally, it could have been rolled out just as quickly. Yes, I recognise that some money has been given to local authorities to roll this out, but that process will not act as quickly as the system that the Government wanted to roll out in January. It would have been done through the energy providers far more quickly than the additional support. It would have been a more targeted, faster and more progressive way of rolling out help. We have been calling for it for six months; it is unfortunate that the Government have not listened.
On business, we welcome support for small businesses, and raising the small business threshold will support a number of businesses. However, that is still tinkering around the edges rather than delivering the fundamental reform of business rates that this Government promised in their manifesto. If we are serious about breathing new life into our high streets, we have to reform the outdated, broken business rates system. In my constituency of St Albans, the rateable values are so high that only eight pubs are set to benefit from the support, and that comes in the face of a whole raft of measures in the last two anti-growth Budgets. The chair of my local Save St Albans Pubs campaign has sent me this:
“The budget does nothing to help or support most of the pubs in St Albans. Still no business rate reform. Alcohol duties up. No cuts in VAT. No cuts in the horrific employers national insurance jobs tax and a huge increase in wages”.
That means one thing: it will put up the price of a pint.
Founders’ relief has been described variously by people as “bonkers”, “dreadful” and “a pointless lottery”. It will benefit, at most, 600 people and will undermine productivity and growth. That is not exactly the ringing endorsement that I believe the Government were after. I encourage them to look at that relief again.
As for the BAD—business asset disposal—relief, the clue is in the title, and the Government’s measures do not close the loopholes. On property taxes, we need to see real reform of all the outdated property taxes—council tax, stamp duty and business rates—but the Government’s so-called mansion tax is not the way to do it. All the funding will go to Whitehall; it will not go to local councils. That is from a Government who say they want devolution at a time when they are ripping money out of local authorities.
The OBR says that there is a 20% chance of appeals. Just five weeks ago, I stood right here and challenged Ministers to contact the Valuation Office Agency because it had issued the wrong valuation to two of my small businesses. I dread to think what will happen to the many people who will want to sell their house and move to other parts of the country to support family members, but who cannot because they are stuck in an 18-month appeal process with the VOA. It is not clear that the Government even have a definition of a “working farm” when it comes to the operation of the so-called mansion tax. It looks to me that it could be family farm tax 2.0—I urge the Government to look closely at that—and for what? For £400 million in three years’ time. This will not sort out the cost of living crisis that we are facing right now.
I am pleased that the Government have shifted on bank taxes. We Liberal Democrats have long called for taxes on the big banks that have made eye-watering profits. To those on the Conservative Benches who say that they are worried about the competitiveness of our financial services, let me tell them this. Under their botched Brexit deal, they have hammered the financial services, which have been hit by a loss of jobs and a loss of business. If anybody is serious about protecting our world-class financial services, they should support our calls to join the single market and to move the liability for online fraud from banks to the big tech companies. If we could do that, we could grow our world-beating financial services market and still increase the taxes further so that they can contribute to tackling the cost of living crisis.
Finally, let me just say that there is a role for optimism; there is a role for talking about real hope. I hope that we can project to the rest of the world the fact that we believe in the future of UK plc. If we are going to talk about fresh hope, however, it must be matched with meaningful action. I am afraid to say that this Budget did not deliver the meaningful change that the country expects and deserves.
My hon. Friend mentions the example of an indoor play centre where the business rates are going up. Is she concerned, as I am, that this winter those increases will simply price children out of play altogether?
The right hon. Gentleman surely has not missed the evidence that, since his party’s botched Brexit deal, it has become more expensive to do business in the UK, businesses are wrapped up in red tape, and many businesses have moved abroad, taking good, high-quality jobs with them. We have a NEETs crisis in this country, caused by many different factors. One of the reasons that there are graduates who cannot get jobs is because his party’s ridiculous Brexit deal has driven businesses abroad. If we get back into the single market and make doing business cheaper, those businesses will come back here and create jobs for British young people.