House of Commons – Nov. 27, 2024 – 49

I beg to move an amendment, to leave out from “That” to the end of the Question and add: “this House declines to give the Finance Bill a Second Reading because it derives from the 2024 Autumn Budget which will lead to jobs being lost, curtailed investment and prices being raised;

because the Finance Bill constitutes an assault on business by increasing taxes on investment;

because it will reduce the competitiveness of the United Kingdom’s tax regime;

because it levies the first ever tax on educational choice and will increase pressure on state schools;

because it will drive up rents by increasing tax on homeownership;

because it will substantially increase the size of the state without a sustainable plan to fund it;

and because it will reduce living standards, increase borrowing and debt, drive up inflation and interest rates, with the result that the OBR growth forecast for the Autumn Budget is lower than that accompanying the Spring Budget of the last Government.”