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Baroness Penn (Con)

Speaking in the House of Lords on 4 November 2024

Debate

Budget: Taxes and Borrowing

Contribution

My Lords, after delivering the biggest tax-raising Budget on record, the Chancellor rightly said at the weekend that she was wrong to rule out those tax rises ahead of the election. She also said that this Budget “wiped the slate clean … set the spending envelope for the remainder of this Parliament”, and that “we don’t need to increase taxes further”. Will the Minister repeat the Chancellor’s reassurances today and rule out any further tax rises in future Budgets, or should we not believe what the Chancellor has said this time round either?

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