Jim Shannon

Jim Shannon

Democratic Unionist Party — Strangford

Speaking in the House of Commons on 17 November 2025

Debate

Budget: Press Briefings

Contribution

Last week, VAT was to increase; this week, it is not. Pensions increases were to feature in the Budget; then they were not. Income tax was to feature; then it was not, and then it was again. The one thing that we are sure of is that retailers faced £7 billion in extra costs from the 2024 Budget, with employers responding by increasing prices and slashing jobs. How are the Government and the Chancellor going to breathe life into our high street and not sound the death knell for struggling small businesses? There is a very real fear that this Budget will bring a different kind of Black Friday for businesses across the UK in the form of closing down sales, which can never be allowed to happen.

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