Charlie Maynard

Charlie Maynard

Liberal Democrat — Witney

Speaking in the House of Commons on 11 March 2026

Debate

Finance (No. 2) Bill

Contribution

I speak on behalf of the Liberal Democrats, and the shadow Minister’s audacity in talking about a “high-tax, low-growth doom loop” is pretty high. With regard to this Bill, I ask the Government to look again at four things. I will go through them quickly, and then I will sit down. I ask the Government to provide more detail, and quickly, on their plans to prevent pensioners from being dragged into paying income tax; to publish information on how the freezing of tax thresholds until 2030-31 impacts households at various income levels; to recognise the impact that the Government’s policies are having on youth unemployment, which is up by 100,000 in the last year, and to take steps to halt this rapid rise, which at a minimum would include reducing the national insurance contributions rate paid by employers on part-time employees earning between £5,000 and £9,100 per year; and, finally, as per new clause 11, which we just pushed to a vote, to look again at taking a fairer approach to farmers by allowing the thresholds on agricultural property relief to rise over time in line with agricultural land prices, rather than having those thresholds eroded over time. Question put, That the Bill be now read the Third time. The House proceeded to a Division.

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