Gregory Stafford

Gregory Stafford

Conservative — Farnham and Bordon

Speaking in the House of Commons on 14 October 2026

Debate

Inheritance Tax

Contribution

My right hon. Friend is absolutely right. In my constituency—and, I am sure, in his constituency and across the country—small family businesses are having to make really tough decisions about what they are going to do. He is right that they will often go to foreign firms, because those firms will not be hit by this level of taxes. Hitting British businesses so that they will be sold to foreign ones is an odd focus for this Labour Government. It is extraordinary, and if the Government do not see that, they really must think again. Think of an owner in their 60s deciding whether to buy a new machine or take on another apprentice. Now they must first ask, “What will this do to my tax bill that my children will inherit?”—a tax that, as my right hon. Friend the Member for Stone, Great Wyrley and Penkridge (Sir Gavin Williamson) said, makes owners think twice before investing and building growth.

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