James Murray

James Murray

Labour (Co-op) — Ealing North

Speaking in the House of Commons on 1 December 2025

Debate

Office for Budget Responsibility Forecasts

Contribution

Long-term stability is at the heart of the fiscal rules that the Chancellor introduced at the Budget last year, which were met at the spring statement earlier this year and were met again at the Budget last week. As many hon. Members have mentioned today, the fact that we are meeting those fiscal rules with far greater headroom—£21.7 billion in this Budget—gives us greater stability, helps to bring down the costs of Government borrowing and protects us from future shocks.

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