L

Lord Fox (LD)

Speaking in the House of Lords on 16 September 2025

Debate

Economic Growth

Contribution

My Lords, 50% of the economy is small and medium-sized businesses. In its commentary on today’s rise in unemployment and fall in vacancies, the British Chambers of Commerce highlighted employment costs; in particular, it singled out the hike in employers’ national insurance. Earlier today, those noble Lords who were in Prayers prayed for the wealth and tranquillity of our nation. Rather than wait for divine intervention, can the Minister now admit that the national insurance rise was wrong, and it is contributing to neither wealth nor tranquillity in this country?

More from Lord Fox (LD)

Other recent Hansard contributions by the same speaker.

About Hansard

Hansard is the official verbatim record of proceedings in the UK Parliament. Every word spoken in the Commons and Lords is recorded and published — this page is a single contribution from that record.

Partner sites