Oral Answers to Questions Debate

Full Debate: Read Full Debate
Department: HM Treasury

Oral Answers to Questions

Daisy Cooper Excerpts
Tuesday 9th December 2025

(1 day, 9 hours ago)

Commons Chamber
Read Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
Lindsay Hoyle Portrait Mr Speaker
- Hansard - - - Excerpts

Order. The good news for the Chancellor is that she has no responsibility for the SNP. I call the Liberal Democrat spokesperson.

Daisy Cooper Portrait Daisy Cooper (St Albans) (LD)
- View Speech - Hansard - -

The botched Brexit deal has wrapped up British businesses in red tape and blown a hole in the public finances to the tune of £90 billion a year. The Chancellor insists that her No. 1 mission remains to get economic growth. If that is the case, will she and her Ministers vote with the Liberal Democrats this afternoon to make sure that we get rid of that red tape and deliver on a new UK-EU customs union?

Rachel Reeves Portrait Rachel Reeves
- View Speech - Hansard - - - Excerpts

Since we came to office last year, we have reset our relationship with the EU, which is why last May we agreed with the EU an expansive set of changes to our relationship, including on food and farming, on electricity and energy trading, and on youth mobility and Erasmus. We are taking all that forward, but at the same time we are taking opportunities to trade more with fast-growing economies around the world, including India, and we also got the first, and the best, trade deal that anybody has secured with the US. That is how we are going for growth, alongside passing the Planning and Infrastructure Bill last night in this place.

--- Later in debate ---
Lindsay Hoyle Portrait Mr Speaker
- Hansard - - - Excerpts

I call the Liberal Democrat spokesperson.

Daisy Cooper Portrait Daisy Cooper (St Albans) (LD)
- View Speech - Hansard - -

High street hospitality businesses are on a knife edge—this is a disaster in the making. The Government say that they have rebalanced business rates, but that is not the case. UKHospitality says that the average increase for hospitality businesses will be 76% over the next three years, compared with warehouses, offices and large supermarkets, which will go up by only 16%, 7% and 4%. The reality is, the Government said repeatedly that they were going to introduce permanently lower business rates, and businesses heard that and made decisions based on that—and now their bills are going up. In the spirit of constructive opposition, I implore the Minister to look again, use powers to reduce the multiplier to minus 20p and look at an emergency VAT cut.