Conduct of the Chancellor of the Exchequer Debate

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Department: HM Treasury

Conduct of the Chancellor of the Exchequer

Sorcha Eastwood Excerpts
Wednesday 10th December 2025

(1 day, 22 hours ago)

Commons Chamber
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Mel Stride Portrait Sir Mel Stride
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My hon. Friend is absolutely right. The Government talk a good game on poverty, but when it comes down to what they do, we see something entirely different.

Sorcha Eastwood Portrait Sorcha Eastwood (Lagan Valley) (Alliance)
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On the point about what poverty means to our constituents, we are sitting in Northern Ireland with the local growth fund and the Treasury refuses to understand that the way we do things is different. We do not need 70% capital funding; we need it the other way around. That, to me, speaks to some of the substantive motion that I am comfortable to speak to, which is that it sometimes feels that the message is not getting through. Whether it is on the farm tax or the winter fuel allowance, our constituents need a Government who will listen. They promised to listen, but so far that has not been reflected.

Mel Stride Portrait Sir Mel Stride
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The hon. Lady is absolutely right.

There is another change to the inheritance tax regime that will be equally as destructive as the agricultural property relief changes, and that is the business property relief changes—the tax changes relating to family firms up and down the country. I have met many of them. These are sometimes substantial businesses that have gone from having a bright outlook under the last Government to suddenly being concerned about the provisions they will now have to make to avoid being broken up as a consequence of the ruinous changes to the inheritance tax regime for those businesses. This is destroying investment, jobs and growth. That is the story of the Labour party.