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Lord Leigh of Hurley (Con)

Speaking in the House of Lords on 15 October 2024

Debate

Tax Reliefs: Theatre, Orchestra and Museums and Galleries Exhibition

Contribution

The Minister again raises the alleged £22 billion tax hole. He was asked, this time last week, to explain what was in the £22 billion tax hole. He could identify only two items, which amounted to £9 billion—that is all he could find. It now transpires that HM Treasury’s policy paper of 2 August 2024 reveals that £9.4 billion of the so-called black hole has been created by Labour’s political decision to give public sector workers above-inflation pay grades. Does the Minister not agree with most of the House that this is a fictious black hole, created by Labour?

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