Sarah Bool
Main Page: Sarah Bool (Conservative - South Northamptonshire)Department Debates - View all Sarah Bool's debates with the HM Treasury
(2 days ago)
Commons ChamberMembers across the House will be familiar with the winter of discontent. In 1979—the year our Chancellor was born—the Labour Government were at the behest of their union paymasters, and refuse piled up across the country. Fast-forward 46 years: we are a year into the Chancellor’s term of office, and we have before us a summer of anxiety. We have a long and seemingly hot summer ahead of us, with the spectre of impending taxes looming. In a desperate and flawed attempt to paper over the financial chasm of Labour’s own making, the Government are targeting the hard-working people they vowed to stand for.
What has happened in Labour’s first year in office? Well, my farmers are reeling from the raid on their cash-poor industry through changes to APR and BPR, national insurance and the withdrawal of the SFI, to name but a few. The Government ask them to diversify and invest in growing their business, while simultaneously taxing them for the privilege.
The Carrdus school in South Northamptonshire is closing as a direct result of the VAT raids and the national insurance rises. Families who work hard and invest in their children’s education have been punished. Students have been displaced, teachers have lost their jobs, and standards have been hit.
Hospitality owners have said they cannot risk expansion; they are just about surviving as it stands. This year alone, over 1,000 pubs across the UK have closed—220 since April. Beauty salons and hair industry businesses in my constituency have been calling me in because they cannot take on any more apprenticeships. If things continue as they are, there will, the British Hair Consortium says, be no apprentice starts in 2027. What a legacy for this Labour Government.
Pensioners in my constituency were hit first by the removal of the winter fuel allowance, and they now face the prospect of being taxed on their pension for the first time, which is also a terrible disgrace. We have learnt a crucial lesson after a year of this Government: they are the embodiment of the phrase, “Fail to prepare, prepare to fail.” They have had years in opposition to come up with a plan, and they have failed miserably. They keep asking us what we might do. Is that because they are seeking advice from the more fiscally prudent and wise side of the House?
I can certainly give you more.
The Minister and Government Members rarely want to listen, but I raise these points on behalf of my constituents, who have asked me to do this. I implore the Government: if they want growth, they must take this summer to think again about how to achieve it, or it will be an autumn of anguish.