James Murray

James Murray

Labour (Co-op) — Ealing North

Speaking in the House of Commons on 3 December 2025

Debate

OBR: Resignation of Chair

Contribution

The Chancellor set out at the Budget how important it is to increase our headroom. We have increased it to £21.7 billion, which is critical to reducing the cost of borrowing and protecting us against future shocks. The Chancellor also announced that the OBR’s spring forecast will not include an assessment of the Government’s performance against the fiscal rules, and the Government will not respond to it with fiscal policy; but the OBR will produce a forecast in spring, as expected.

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