L

Lord Leigh of Hurley (Con)

Speaking in the House of Lords on 1 December 2025

Debate

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Contribution

My Lords, this is the second fantasy black hole of this Government. The first did not actually matter because absolutely nobody believed it. No credible economist believed it; I challenge noble Lords to name one who did. However, the second fantasy black hole does matter, because we were all sucked into it to the point where people like me—and, indeed, including me—took financial actions and decisions based on that speech of 4 November. These were irreversible financial decisions based on the words of the British Chancellor. Frankly, like Chris Mason of the BBC, no less, we feel misled. The Chancellor knew that tax receipts were higher than the rest of us knew. This means that people can no longer trust this Chancellor. We cannot believe any of her future statements. If that is the case, does the Minister, who has our confidence and credibility, not agree with me that she surely cannot remain as Chancellor?

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