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Lord Hannan of Kingsclere (Non-Afl)

Speaking in the House of Lords on 15 September 2026

Debate

Tax Burden and Economic Growth

Contribution

I thank the noble Baroness. Under Tony Blair, the Minister’s predecessor in Sedgefield in another place, the state was taking 34% of GDP, spending about £1 in every £3. Now, since the pandemic, it is closer to £1 in every £2. That has coincided with an extraordinary flattening of our growth rate. Will the Minister urge his colleagues in government to look at which taxes are the most deleterious to growth while bringing in the lowest revenues? I am thinking specifically of taxes on savings, investment and inheritance.

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