Office for Budget Responsibility Forecasts

John Hayes Excerpts

Monday 1st December 2025 Commons Chamber

[James Murray]

My hon. Friend is right. I do not hold out any hope that the Conservatives will speak with any consistency or do anything other than try to talk down the British economy. In stark contrast, we are cutting Government borrowing, increasing the headroom, and making sure we have stable public finances and a stable economy, because it is on that basis that we can boost investment and growth.

[Sir John Hayes (South Holland and The Deepings) (Con)]

The demeanour of a good Chancellor should be somewhere between an undertaker and an oncologist—a reassuring presence and no words wasted—not a party entertainer trialling a few tricks before they go on stage, which is what this Chancellor did before the Budget. In seizing back control from the OBR—which is unaccountable and unelected, and should never have been set up in the first place—will the Minister recognise that, unless the Treasury and Ministers are straight with the public, no one will be trusted?

[James Murray]

The right hon. Gentleman and I disagree about the role of the OBR. We value its role in a transparent and robust fiscal framework. Madam Deputy Speaker, during this debate Richard Hughes has offered his resignation. May I put on record, on behalf of the Government, our thanks to him for his dedication to public service?