Jim Shannon

Jim Shannon

Democratic Unionist Party — Strangford

Speaking in the House of Commons on 3 February 2026

Debate

Taxation: Small and Medium-sized Enterprises

Contribution

I commend the hon. Gentleman for bringing this matter forward, and he is absolutely right to outline this story. To reinforce the point, the Chancellor and the Finance Minister in Northern Ireland have rightly rolled back the proposed enhanced taxation because of its impact on tourism. However, that feels more like a stay of execution than a solution. This is happening everywhere, not just in England but in Wales, Scotland and Northern Ireland, to a great degree. Does the hon. Gentleman agree that the number of small uplifts—in rates, national insurance contributions, the price of goods and so on—can no longer be absorbed by knife-edge profit margins, and that unless we stop these tax rises, which is the Government’s responsibility, our local economy will pay a deadly price?

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