Nick Timothy
Main Page: Nick Timothy (Conservative - West Suffolk)Department Debates - View all Nick Timothy's debates with the HM Treasury
Budget: Press Briefings
Nick Timothy Excerpts(1 day, 13 hours ago)
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James Murray
I can reassure the hon. Gentleman that I am not adding to the speculation around the Budget. It is regrettable that there is noise and speculation around the Budget, because the right way for Budgets to be conducted is for those measures to be iterated with the Office for Budget Responsibility in the normal way, with the forecasts and measures being exchanged between the Treasury and the OBR, and for the package of measures in full to be announced by the Chancellor on Budget day.
Nick Timothy (West Suffolk) (Con)
In some ways at least, this Chancellor is improving: her Budget last year unravelled within a day, and this year the Budget has unravelled before it has been announced. We know why the Chief Secretary is refusing to answer the question about the leak inquiry. It is because the Chancellor knows exactly who leaked the details of the Budget, because she sees that face every day in the mirror. This all goes back to last year’s Budget. Labour said in its manifesto that it would limit spending increases by the year 2028-29 to £9.5 billion a year. In the Budget, the Government increased spending by £76 billion a year. That is eight times higher. Before the Chief Secretary starts spouting about the £22 billion fiction, £9.5 billion plus £22 billion equals a lot less than £76 billion, doesn’t it?
James Murray
At the Budget last year we took the right decisions to fix the public finances and to get the NHS and public services back on their feet. We could not carry on with public services as they were when we inherited them. We could not carry on with public finances as they were when we inherited them. We have restored stability because that is a prerequisite for functioning public services, for investment and for growth.