Budget Resolutions

Simon Hoare Excerpts

Tuesday 2nd December 2025 Commons Chamber

[James Murray]

The changes that we have set out to agricultural property relief are a fair way forward. They represent generous relief for people, while raising money for the public finances. In this Budget, the Chancellor announced that any unused £1 million allowance for the 100% rate of agricultural property relief and business property relief will be transferable between spouses and civil partners.

Following the Budget last week, we are going further. Despite the challenges that we faced, with the OBR recognising the deep scars to the economy caused by the previous Government, we refused to repeat the mistakes of the past. We rejected uncontrolled borrowing and refused to slash investment. We chose to keep cutting NHS waiting lists, to cut the cost of living and to cut debt and borrowing.

The Chancellor delivered a Budget last week that made fair choices on tax, protected investment in our public services and made our economy more secure. As a result of our choices, people will see more money in their pockets, thanks to the increase in the living wage; they will see rail fares and prescription charges frozen; they will see £150 off their energy bills; and they will see action across the country as we tackle the scourge of illicit businesses blighting our high streets. In short, this was a Budget that we were elected to deliver—

[Simon Hoare (North Dorset) (Con)]

rose—

[Madam Deputy Speaker]

Order. The Minister is clearly not giving way to you, Mr Hoare, and the rest of us want to hear what he has to say.