L

Lord Brooke of Alverthorpe (Lab)

Speaking in the House of Lords on 14 July 2025

Debate

Tax on Imports under £135

Contribution

My Lords, the Government have very wisely produced a number of 10-year strategic plans for the country, which have generally been welcome. The one area where we have not done any serious work is on taxation, and the fact is that both the wealthy and less wealthy are going to have to pay more money in the future to deliver these strategies. On VAT, there is a good deal of opportunity for flexibility, and the Minister has indicated that a review is taking place. Could that not be widened to see how far VAT could be extended to raise additional funds? Beyond that, could we not think about a review for a 10-year strategy on taxation for the country? We might try and bring in the Opposition to get them involved with it, too.

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