Oral Answers to Questions

Chris Coghlan Excerpts

Tuesday 9th December 2025 Commons Chamber

[James Murray]

I can be clear that we are committed to the OBR’s independence as a forecaster and to the core role it plays within our fiscal framework. The Chancellor has also been clear, however, that forecasts are not our destiny. We will not let Britain be held back by the failures of the previous Government. At the Budget, the OBR revised upward its growth estimate for this year, and we are determined to exceed forecasts again.

[Chris Coghlan (Dorking and Horley) (LD)]

T4. Public research and development is so powerful for economic growth that US patents funded by it generate 12 times more growth than those that are not. But does the Chancellor accept the judgment of the OBR that UK public R&D will generate no additional incremental growth because we are not increasing it enough?