Budget Resolutions

Debate between Chris Hinchliff and Blake Stephenson

Tuesday 2nd December 2025 Commons Chamber

[Blake Stephenson (Mid Bedfordshire) (Con)]

Thank you, Madam Deputy Speaker, for allowing me to nip out to my Delegated Legislation Committee without missing my spot.

I met with businesses this morning, and it is clear that the people who take risks, invest, create jobs and drive tax receipts are busy scratching their heads to find some positive from this Budget. The truth is that it is a disaster for everyone in Mid Bedfordshire and right across the country—for young people looking for their first job, for hard-working families, and for aspirational business owners and job creators. Our country does need investment and renewal, but to pay for it, we need strong businesses and a strong business environment. The Chancellor is delivering the absolute opposite. Just like last year, she has launched a calculated assault on all our constituents; they are now paying the price for spiralling welfare and higher debt costs with their jobs, all to save the Chancellor’s own. The simple truth is that this Government are backing benefits Britain, not alarm clock Britain, and with broken promise after broken promise, the Chancellor is slipping into a black hole of her own making—one that cannot come quick enough for most of us.

[Chris Hinchliff (North East Hertfordshire) (Lab)]

The hon. Member asked whether there were any positives in the Budget. Does he not think that raising more children out of poverty than any other Parliament on record is a positive? Does he not welcome that—does he not think it benefits all of us?

[Blake Stephenson]

I think everybody in this House wants to bring children out of poverty. The way to do that is to get more families into jobs, so that they can afford to bring their children up and take responsibility.

Conservative Members know that it is business that invests, creates jobs and grows our economy, which enables investment in our public infrastructure. The backbone of our economy includes our high streets. Labour Members may visit their local pubs and cafes and post on social media expressing how much they back their high street—even posting about visits to businesses that have since closed—but the truth is that they have been standing idly by while the Chancellor has thrown the local businesses they rely on and claim to champion under the bus. They did it last year; they will do it again this year when they vote this Budget through; and if the Chancellor comes back for more, as she will, they will do it again.

Let us look at the damage being done to a typical high street pub in Bedfordshire. Charged £7,448 in business rates by the last Conservative Government, that figure increased after the last Budget to £24,309. While local authorities are yet to publish the charge for next year, after the three-yearly business rates revaluation and the abolition of retail, hospitality and leisure relief, the charge is likely to be around £45,000 when transitional relief ends. That is a whopping tax increase of roughly 500% over the course of this Parliament before a single penny has been taken in sales. That is an absolute disgrace. It is an attack on our ambitious small business owners—on our constituents who leap out of bed at the sound of their alarms, work hard, play by the rules and create jobs. Is it any wonder that many of them are now asking themselves, “What’s the point?” Business rates for retail, hospitality and leisure businesses must be abolished, and that is exactly what a Conservative Government will do.

Who is paying for the price for this Budget? It is the very working people whom this Government pretend to support, especially young people starting out as I did—washing dishes in the pub, waiting on tables and working in local shops. Labour Members pat themselves on their backs with smiles all around for increasing the minimum wage, but they are doing so while crushing jobs. It makes absolutely no sense to do this at a time when the market can least afford it. Unemployment is through the roof; some 1 million 16 to 24-year-olds are not in education, employment or training, and that number is rising. That is an absolute scandal that this Government’s economic plan does nothing to fix.