Graham Stuart

Graham Stuart

Conservative — Beverley and Holderness

Speaking in the House of Commons on 10 December 2025

Debate

Conduct of the Chancellor of the Exchequer

Contribution

Let me make a point before the hon. Lady makes it herself: the jobs tax is a peculiarly misconceived tax. It is a £25 billion or £26 billion hit on the real economy, with all the lost jobs that we have seen as a result, and it does not even raise much money. Looking at all the negative impacts in the round, it may actually raise even less than £10 billion. There is a £25 billion or £26 billion hit, and the measure potentially raises less than £10 billion. It is economic madness, and it shows why the Government need to think more deeply.

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