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Family Businesses 2025-02-26

26 February 2025

Lead MP

Mel Stride

Debate Type

General Debate

Tags

NHSEconomyTaxationEmployment
Other Contributors: 72

At a Glance

Mel Stride raised concerns about family businesses 2025-02-26 in the House of Commons. A government minister responded. Other MPs also contributed.

How the Debate Unfolded

MPs spoke in turn to share their views and ask questions. Here's what each person said:

Lead Contributor

Opened the debate
Moves a motion regretting the Government's decision to introduce a cap on Business Property Relief, raising employers' National Insurance contributions, reducing business rates relief, making employers liable for third-party harassment, and implementing changes in units of measurement; calls on the government to lift the cap on BPR, not implement NI increases or business rate cuts, and stop the Employment Rights Bill. He criticises Labour's lack of real-world business experience and economic policies that are harming businesses.

Government Response

NHSEconomyTaxationEmployment
Government Response
The Opposition cannot offer any credible alternative to the Government’s decisions. Labour has a plan for change to restore economic stability and boost growth. The context is the inheritance after 14 years of Conservative government, which led to necessary difficult decisions when entering office. The Government took necessary but difficult decisions at the autumn Budget to restore economic stability and fix public finances. He defends changes in employer National Insurance contributions as fair, aiming to support essential services like the NHS. The Minister also outlines reforms for agricultural property relief and business property relief aimed at fairness by targeting large estates and wealthy claimants while maintaining significant levels of inheritance tax relief. Tackling tough decisions for family businesses, raised £63 billion in investment summit creating 38,000 jobs; started programme to build 1.5 million new homes; introduced Great British Energy to lower fuel prices; reformed planning system; record R&D spending and significant infrastructure investment. The Minister of State outlined measures to support high street family businesses, including freezing the small business multiplier, extending relief for certain sectors, reforming the business rates system, working with banks to roll out hubs, addressing late payments through legislation, creating a new business growth service, and launching a small business strategy.

Shadow Response

None
Shadow Response
The shadow Chancellor failed to acknowledge positive economic indicators such as the UK being second best for investment globally, predicted to be Europe's fastest-growing G7 economy by the IMF and OECD, and having its growth forecast upgraded alongside only the US. The Minister criticised this oversight.
Assessment & feedback
Summary accuracy

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