Jim Shannon

Jim Shannon

Democratic Unionist Party — Strangford

Speaking in the House of Commons on 1 December 2025

Debate

Office for Budget Responsibility Forecasts

Contribution

The Chancellor announced that her plans aim to fund public services, avoid austerity and invest for the future, portraying a positive future and spending that seems manageable. Meanwhile, the OBR forecasts that if borrowing increases in the short term, it could have a potential impact on future spending in terms of welfare and debt interest, which could erode the economy. What steps will the Treasury take after the Budget to ensure that, through the Chancellor’s plans, we are not sacrificing long-term stability?

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