Fuel duty is charged at a rate of 52.95p per litre on unleaded petrol and diesel. Fuel duty is planned to increase by 3p per litre on 1 January 2027, the first increase since 2011.

Fuel duty is charged at a rate of 52.95p per litre on unleaded petrol and diesel. Fuel duty is planned to increase by 3p per litre on 1 January 2027, the first increase since 2011.

The Financial Services and Markets Bill [HL] is a wide-ranging bill that aims to reform the way the UK financial services sector is regulated. This briefing provides a summary of the bill’s second reading and committee stage in the House of Lords ahead of its further consideration at report.

The Financial Services and Markets Bill [HL] is a wide-ranging bill that aims to reform the way the UK financial services sector is regulated. This briefing provides a summary of the bill’s second reading and committee stage in the House of Lords ahead of its further consideration at report.

I am updating the House on the government’s economic plan to increase living standards, build resilience and bolster the security of the UK economy.

Today, I am reaffirming and building upon what I set out in my 2024 Mais lecture: that in this age of insecurity, the right solution for Britain’s...

I am updating the House on the government’s economic plan to increase living standards, build resilience and bolster the security of the UK economy.

Today, I am reaffirming and building upon what I set out in my 2024 Mais lecture: that in this age of insecurity, the right solution for Britain’s...

My right honourable friend the Chancellor of the Exchequer (Rachel Reeves) has today made the following Written Ministerial Statement.

I am updating the House on the government’s economic plan to increase living standards, build resilience and bolster the security of the UK economy.

Today, I am reaffirming and building upon what I...

My right honourable friend the Chancellor of the Exchequer (Rachel Reeves) has today made the following Written Ministerial Statement.

I am updating the House on the government’s economic plan to increase living standards, build resilience and bolster the security of the UK economy.

Today, I am reaffirming and building upon what I...

New forecasts for the economy and public finances were published, on 3 March. The Chancellor responded to the forecasts in a statement to the House of Commons.

New forecasts for the economy and public finances were published, on 3 March. The Chancellor responded to the forecasts in a statement to the House of Commons.

Links to analysis of the 2025 Autumn Budget from selected think tanks, business groups, political parties and other organisations.

Links to analysis of the 2025 Autumn Budget from selected think tanks, business groups, political parties and other organisations.

Ahead of the 2025 Spring Statement on 26 March, this briefing explains what will happen on the day and summarises the economic situation.

Ahead of the 2025 Spring Statement on 26 March, this briefing explains what will happen on the day and summarises the economic situation.

The Budget was delivered by Chancellor Rachel Reeves on 30 October 2024. The Finance Bill 2024-25 received its second reading on 27 November.

The Budget was delivered by Chancellor Rachel Reeves on 30 October 2024. The Finance Bill 2024-25 received its second reading on 27 November.

Motion that this House has considered living standards. Agreed to on question.

Motion that this House has considered living standards. Agreed to on question.

I beg to move,

That his House has considered living standards.

It is a real pleasure to serve under your chairmanship, Mr Mundell, to discuss what I think is the defining issue for all our constituents—not that you would know it from the acres of empty green seats surrounding us this afternoon—not...

I beg to move,

That his House has considered living standards.

It is a real pleasure to serve under your chairmanship, Mr Mundell, to discuss what I think is the defining issue for all our constituents—not that you would know it from the acres of empty green seats surrounding us this afternoon—not...

My hon. Friend has hit on a crucial issue. All our citizens need us to focus on the cost of living crisis and he is outlining the problems very well. We see them in Stirling as well. Start Up Stirling has had a fall in donations of food for its...

My hon. Friend has hit on a crucial issue. All our citizens need us to focus on the cost of living crisis and he is outlining the problems very well. We see them in Stirling as well. Start Up Stirling has had a fall in donations of food for its...

My hon. Friend is absolutely right. The problems that he mentions will manifest themselves in the constituency of every hon. Member present, without question. The idea that come the Budget, the answer is more tax cuts or maintaining an uncapped right for bankers to receive exorbitant bonuses is completely for...

My hon. Friend is absolutely right. The problems that he mentions will manifest themselves in the constituency of every hon. Member present, without question. The idea that come the Budget, the answer is more tax cuts or maintaining an uncapped right for bankers to receive exorbitant bonuses is completely for...

It is a pleasure to serve under your chairmanship, Mr Mundell.

I am grateful to the hon. Member for Glasgow South (Stewart Malcolm McDonald) for securing this debate. Indeed, I was pleased to support his application for it, because the issue of living standards is of great importance to my constituents...

It is a pleasure to serve under your chairmanship, Mr Mundell.

I am grateful to the hon. Member for Glasgow South (Stewart Malcolm McDonald) for securing this debate. Indeed, I was pleased to support his application for it, because the issue of living standards is of great importance to my constituents...

I am delighted to sum up for the SNP. I congratulate my hon. Friend the Member for Glasgow South (Stewart Malcolm McDonald) on securing the debate and opening it so comprehensively.

No issue is more pressing for our constituents at the moment than the cost of living crisis and its impact...

I am delighted to sum up for the SNP. I congratulate my hon. Friend the Member for Glasgow South (Stewart Malcolm McDonald) on securing the debate and opening it so comprehensively.

No issue is more pressing for our constituents at the moment than the cost of living crisis and its impact...

It is a pleasure to participate in this debate under your chairmanship, Mr Mundell, and to speak in a debate brought by my neighbour, the hon. Member for Glasgow South (Stewart Malcolm McDonald). I congratulate him on securing it. He and I endured many electoral scrapes before we got to...

It is a pleasure to participate in this debate under your chairmanship, Mr Mundell, and to speak in a debate brought by my neighbour, the hon. Member for Glasgow South (Stewart Malcolm McDonald). I congratulate him on securing it. He and I endured many electoral scrapes before we got to...

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I knew that would prompt something. I give way to the hon. Member for Glasgow South first.

I knew that would prompt something. I give way to the hon. Member for Glasgow South first.

I am glad that the hon. Gentleman is talking about economic competence. When the Scottish Labour leader described removing the cap on bankers’ bonuses as economically incompetent—he went further than that, saying that it was “economically illiterate and morally bankrupt”—was he right or wrong?

I am glad that the hon. Gentleman is talking about economic competence. When the Scottish Labour leader described removing the cap on bankers’ bonuses as economically incompetent—he went further than that, saying that it was “economically illiterate and morally bankrupt”—was he right or wrong?

The leader of the Scottish Labour party—my good friend, Anas Sarwar—is always right. Of course, we opposed lifting the cap at the time. Since then, we have outlined that this is not the moment to bring it back, but we have very clearly said that bankers should be on notice...

The leader of the Scottish Labour party—my good friend, Anas Sarwar—is always right. Of course, we opposed lifting the cap at the time. Since then, we have outlined that this is not the moment to bring it back, but we have very clearly said that bankers should be on notice...