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

I cannot work out if the hon. Gentleman is implying that he thinks a few billion pounds of headroom is acceptable, because the Government certainly do not think it is. We think that having £4.2 billion or less of headroom is not an acceptable position for our economy to be in. We had the result of the OBR productivity downgrade, which had hit revenues by £16 billion, and that is why decisions were necessary to restore the public finances and meet our priorities going into Budget.

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