13:44 Jonathan Reynolds (Labour)

Ørsted, a global leader in green energy, stated that the main reason it was investing more in the UK was because of our green energy targets. It recognised us as

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15:45 Rupert Lowe (Reform)

However, we can now see that that is irrelevant, as the massive increase in employers’ national insurance contributions and the equally venal cut in the payment threshold from £9,000 to £5,000 is a huge tax on employment in the private sector, which, unlike the state, cannot print money in taxpayers’ collective name to cover any budget shortfall. This will mean that the private sector will employ fewer people by design, and will reduce pay rises, increase prices, invest less, and pay less corporation tax. It is a disaster for a Government to hand out taxpayers’ money like confetti, without proper checks and balances, taking hard-working taxpayers for fools. This Budget is only possible because quantitative easing has allowed the state to grow without justification, nurturing the culture of central planning, misguided net zero obsession, and all the elements of collectivism that took a generation to destroy the Soviet Union. The Chancellor has landed a knockout punch on private sector entrepreneurs.

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16:04 Steve Race (Labour)

I am particularly pleased that this Budget commits the UK to an R&D budget of £20 billion, which will mean Exeter and the UK remain at the forefront of scientific innovation. From climate change to land management, healthcare to biotechnology and beyond, Exeter is already a hub for scientific research, but we can do even more.

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17:31 Jo White (Labour)

In Bassetlaw, we now have significant support for UK fusion energy research to build on the UK’s position as global leader in sustainable energy. Building the first fusion power plant in Bassetlaw will take us to the next generation of carbon-neutral energy creation, providing huge opportunities to develop talent, skills, local jobs and wealth, and to build on business.

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17:39 Olly Glover (Liberal Democrat)

It is on transport policy that the Budget most disappoints. Perhaps, given the proposed increase in the bus fare cap and the above-inflation increases to rail fares, the Government are under the impression that working families only use cars. A season ticket from Didcot in my constituency to London, plus travelcard, already costs around £7,000 a year. Those policies undermine the Government’s stated objectives on economic growth, climate change and reducing congestion. I also regret that there is no commitment to local rail schemes in my constituency, such as a new station at Wantage and Grove, and electrification between Didcot and Oxford.

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