Contribution
My Lords, first I must apologise for not mentioning earlier my interests as laid out in the register. They include land ownership in Norfolk, let land, my own farming interests and managing arguably the most important national nature reserve in the land at Holkham.
This has been an excellent debate, with many excellent points made by noble Lords from all sides. I thank all Peers who have contributed. I started writing down everybody’s name, but it was pointless because everybody’s contribution has been incredibly meaningful, emotional and well researched. There were certain noble Lords who could not participate today, such as the noble Baroness, Lady Batters, my noble friends Lord Forsyth and Lord Fuller, and those who were scratched. Other noble Lords were unable to speak on such a controversial topic by virtue of the committees they chair. It is only controversial because this Government made it so by producing such a venal Budget.
I thank noble Lords from the Conservatives, Lib Dems, Cross Benches and the Bishops for taking such an interest in this Bill. It must be very embarrassing that the Government had only one Member of their Back Benches speaking on it, the noble Baroness, Lady Mallalieu—and she was speaking on our side of the argument. It is a great shame, and just demonstrates that this Government do not really seem to care about this issue. I feel sorry for the Minister having to read out that brief, parrot-fashion. He should credit Members of this House with some intelligence; we all spoke in this debate because we know something about it.
Unfortunately, this tin-eared Government have yet again demonstrated their lack of understanding of wealth creation other than through what is arguably their only understanding of it: the short-term and inevitably short-lived medium of taxation. With not a single Cabinet Minister having any real-world business experience of wealth creation, how could they? Before the general election, without exception, every single candidate for their top-100 target seats came from the public sector. Together, they have trumpeted the same old socialist mantra of misconceived wealth redistribution. With this Budget, they have completely missed their target.
The Minister was wise enough not to mention the £22 billion black hole. How we in this House are getting bored with it, as are the public. Last week, I discussed this very matter with the right honourable Jeremy Hunt. He, and we on these Benches, have rubbished that figure, and the OBR has stepped back from it. I hate to have to inform the Minister, but frankly the voters no longer believe it either. As the oldest democracy in the world, we are lucky enough to have a very sophisticated electorate. They can clearly see that the so-called black hole was entirely of Labour’s own making. They created it when they gave their chums in the unions—the train drivers and the junior doctors—huge pay rises without negotiating any change in their terms and conditions.
This Budget was sadly put together with no impact assessment, no consultation with Defra, no idea of how much revenue it would generate, and certainly no consideration whatever for the damage, and in many cases the destruction, it will cause to hundreds, maybe thousands, of small family farms and businesses.
We always hear this Government and their acolytes decrying the far right for rioting and for questioning or criticising the perceived wisdom of the intellectual elite and its progressive policies—and now, increasingly, for thought crime. Let us see it as it is: this is not a Labour Government; this is a far-left Government. History records that the far left has been far crueller and always does far more damage to its subjects, particularly its agrarian population, in its vainglorious pursuit of misplaced ideology. It is straight out of the World Economic Forum’s playbook: “In the future, you will own nothing and be happy”.