Jim Allister

Jim Allister

Traditional Unionist Voice — North Antrim

Speaking in the House of Commons on 4 November 2024

Debate

Income Tax (Charge)

Contribution

When the Chancellor introduced her Budget, one thing she said was that change must be felt. This Budget will be felt, but, in many instances, not in a good way. My constituency is peppered with small businesses employing 10 or 12 people. They are the victims of this Budget, because they are now going to be soaked with additional tax on jobs, and that will not bring change that will be felt in a good way; it will diminish employment in my constituency. My constituency also has many family farms, and they too will not feel this Budget in a good way, because inheritance tax will put many of their futures in jeopardy. Family farms are asset rich, but more often than not they are cash poor, so how on earth will they ever meet the huge imposition that has been placed on them?

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