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Gideon Amos

Gideon Amos

Liberal Democrat — Taunton and Wellington

Speaking in the House of Commons on 16 December 2025

Debate

Finance (No. 2) Bill

Contribution

I agree with the hon. Gentleman. Small businesses are the backbone of the economy, and the promise to reform business rates made by the last Government needs to be delivered upon by this Government. As I was saying, as a result of quantitative easing funds, the big four banks alone will make £50 billion of profit this year. The boost that people and the high street need is both the cut to electricity bills and the 5% VAT cut that the Lib Dems propose, funded by a windfall tax on those bank profits. It is time the Government backed small businesses like those in Taunton and Wellington—part of the biggest and most important sector of the British economy—after the economic chaos under the Conservatives. It would be a boost to going out in the evening, a boost to our pubs and restaurants, and a positive boost to the economy. That is the kind of Budget we needed, and that is the kind of Budget the Liberal Democrats would have delivered.
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