James Murray

James Murray

Labour (Co-op) — Ealing North

Speaking in the House of Commons on 10 December 2025

Debate

Conduct of the Chancellor of the Exchequer

Contribution

The Chancellor set out the productivity review that was under way by the OBR. In fact, if the right hon. Gentleman consults the OBR document published on Budget day, he will see in black and white that the productivity downgrade reduced tax receipts by £16 billion. The Chancellor was clear in her speech on 4 November that this, combined with the clear need to increase headroom to build resilience in public finances, would require everyone to contribute, and that is what happened.

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