Lewis Cocking

No, I will not give way. I have taken two interventions, and a number of Members want to speak. If we want to unlock the next generation of entrepreneurs and back the people who give their blood, sweat and tears when they go out to work every day to make our country great and what it is today, this is what we need to do, and we have a clear plan to pay for it. We will cut Government spending by £71 billion, including by cutting overseas aid to £1 billion a year. We would reduce welfare spending by £36 billion and support young people into work, rather than a life on benefits. Alongside our pledges to scrap the family farm tax and scrap the family business tax, these are bold changes that will get our economy growing. Enabling people to keep and pass on more of their own money is how we encourage people to invest, take risks and create new opportunities. Inheritance tax is not the only example. I regularly speak to constituents who feel that they are better off financially to refuse a promotion or more hours at work, because it does not make sense for them to work harder and get less. I have spoken to self-employed tradespeople who turn down work because they are too close to the VAT threshold. That just cannot be right. I speak to businesses and to people who work. It is absolutely crazy that they turn down employment and business because they will be worse off, paying more taxes under this Labour Government. Until we shift the incentives in our economy—incentives that make a life on benefits more attractive than getting a job and that will put off businesses from creating new jobs—we will never improve the situation our country faces. Labour has a choice at the Budget on 28 October: they can copy the clear plan we have set out to make savings and cut welfare, or they can continue down the same road. Sadly, I just think they are not listening.