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 OBR set out in black and white that the productivity downgrade reduced tax receipts by £16 billion, and identified the cause of that downgrade as the previous Government’s record in office, whether their slashing of public investment or their mishandling of Brexit. In her speech on 4 November, the Chancellor was clear that this productivity downgrade, combined with the clear need to increase headroom to build resilience in the public finances, would require everyone to make a contribution. That is what happened at the Budget.

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