Office for Budget Responsibility Forecasts

Peter Swallow Excerpts

Monday 1st December 2025 Commons Chamber

[James Murray]

This Government take the role of the independent adviser on ministerial standards incredibly seriously and abide by his rulings. We know what damage the previous Government did to trust in politics. It would be foolish to suggest that no Government at any point in the future will ever face difficulties, but it is how the Government respond to those difficulties that matters. This Government have shown that we respond in a way that is transparent, fair and brings an end to any sense that people have behaved improperly.

[Peter Swallow (Bracknell) (Lab)]

On 3 September, the shadow Chancellor stood at the Opposition Dispatch Box and claimed that the hole in the public finances could be as much as £40 billion. As it happens, that was not the case, not least because of the Chancellor’s steadfast commitment to stabilising our economy. Does the Minister not agree that it is a bit rich for the Conservatives to go around claiming that people are talking down the economy and talking up the gap in our public finances, when the only people doing that are them?

[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.