Office for Budget Responsibility Forecasts

Richard Tice Excerpts

Monday 1st December 2025 Commons Chamber

[James Murray]

My hon. Friend is entirely right to draw attention to the fact that not only doubling the headroom but getting it to £21.7 billion is a crucial step in strengthening the resilience of the UK economy and the public finances, helping to bring down Government borrowing and protect us from future shocks.

[Richard Tice (Boston and Skegness) (Reform)]

It concerns me that the Minister has today, in this House, misled the House—inadvertently—on three separate occasions, as the Prime Minister inadvertently misled the British people this morning. Cutting borrowing is simply not the case. The OBR’s numbers show clearly that over the next five years Government borrowing will increase by a net £504 billion, which is £60 billion more than was forecast by the OBR back in March. The Minister cannot even claim that it is a percentage of net debt, because all those numbers are increasing, so will he please correct the record?

[James Murray]

Borrowing falls in every year of this forecast.