Property Taxes

Alison Taylor Excerpts

Wednesday 3rd September 2025 Commons Chamber

[James Murray]

My hon. Friend is absolutely right. It is only thanks to the fiscal rules that the Chancellor introduced at last year’s Budget and our decisions—the right decisions—to ensure that those fiscal rules are non-negotiable and that we keep to them at every stage that we have been able to boost investment by £120 billion over the course of this Parliament in many projects, including those that he mentioned and those in constituencies right across the country. That is the right thing for our country.

We were just talking about chronic under-investment. We are tackling that through ensuring that the Government invest across the country and by encouraging private-sector investments to get businesses across Britain growing.

[Alison Taylor (Paisley and Renfrewshire North) (Lab)]

Will the Minister give way?

[James Murray]

I will take a very short intervention, then I really will make progress.

[Alison Taylor]

Does the Minister agree that taxation is intrinsically linked to economic growth and that there are already green shoots of recovery in the economy, with three trade deals and five interest rate cuts?

[James Murray]

My hon. Friend is absolutely right; economic growth is of course critical to our plans. She points to the trade deals that we secured. She and other hon. Members will know that the UK was the fastest-growing G7 economy in the first half of this year. There is much more for us to do, but we are showing that because of the right decisions that we have taken we are starting to move in the right direction.