Rachel Gilmour

Rachel Gilmour

Liberal Democrat — Tiverton and Minehead

Speaking in the House of Commons on 16 December 2025

Debate

Finance (No. 2) Bill

Contribution

Does my hon. Friend agree that this is not a tax on passive wealth, but that it punitively, cynically targets productive enterprise? The Government expect to raise roughly £1.4 billion from the inheritance tax changes, but analysis by Family Business UK suggests that behavioural responses could produce a net fiscal loss of £1.9 billion by the end of the decade. Are these measures not anti-growth, and directly at odds with the supposed messaging of this Government?

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