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Lord Wilson of Sedgefield (Lab)

Speaking in the House of Lords on 15 September 2026

Debate

Tax Burden and Economic Growth

Contribution

The noble Baroness has mentioned young people and the importance of them staying in the UK and working here. We all know the problems that we have with NEETs. We need to consider what some businesses around the country and internationally are saying about doing business in this country; for example, “businesses are starting to press ahead with investment … we are starting to see the data moving in the right direction” and “Despite geopolitical tensions, cost-of-living pressures and fiscal uncertainty, the fundamentals for … UK businesses are strong”. This is business that is speaking about the future of the British economy. As I said, we need to be optimistic. She asked whether the tax burden is driving people out of the country. Some figures will be released next year which we think will prove that the effect has been marginal on the number of people who are leaving.

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