Graham Stuart

Graham Stuart

Conservative — Beverley and Holderness

Speaking in the House of Commons on 28 October 2026

Debate

Budget Resolutions and Economic Situation

Contribution

I will not give way to the hon. Gentleman. Coastal communities are losing out, and savers are being hit by a £500 million increase in tax—again, I do not think that has come through clearly. Some Members talk about this being good for pensioners, but it is not. Those who have saved and put money away for the future are going to be taxed again and again. We will see tax reach a new peak of 37.9% next year, and according to the Government what is going to happen? It is going to go up again. We will have sky-high borrowing and sky-high tax. One would have thought that the central challenge for this Chancellor would have been to ensure we had a firm plan for defence spending to reach 3% by 2030. Did he deliver that? No he did not, which suggests that he resigned more to get the job than to do the right thing by defence.

More from Graham Stuart

Other recent Hansard contributions by the same speaker.

About Hansard

Hansard is the official verbatim record of proceedings in the UK Parliament. Every word spoken in the Commons and Lords is recorded and published — this page is a single contribution from that record.

For Graham Stuart's full parliamentary record including voting history, expenses and all other contributions, see the Graham Stuart report card.