Office for Budget Responsibility Forecasts

Sarah Bool Excerpts

Monday 1st December 2025 Commons Chamber

[James Murray]

My hon. Friend is right to draw attention to the fact that, had I been here today defending a headroom of £4 billion or less, it would have been a completely impossible task. This Government are determined to ensure that we increase headroom to give us greater stability. By increasing it to £21.7 billion, we have done just that.

[Sarah Bool (South Northamptonshire) (Con)]

If the Chancellor really takes the integrity of the Budget as seriously as the Chief Secretary to the Treasury says, she would not have leaked so much of it to the media beforehand. There is speculation and then there is being spoon-fed. The only principle guiding the Chancellor was keeping her Back Benchers happy and the only cuts were to confidence. Will the Chief Secretary set out exactly what steps the Chancellor will take to clear up this mess? Will she come back before this House, and will she refer herself to the Financial Conduct Authority?

[James Murray]

I do not quite understand the hon. Lady’s question. When we got into office in July last year, our task was to fix the mess of the public finances that the Conservatives had left. At this Budget, the OBR’s productivity downgrade revealed further damage—deep scars—that her Government’s actions caused to our economy as a result of slashing public investment and mishandling Brexit, so if anyone wants to come to this Chamber and apologise, might it be her?