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The Earl of Effingham (Con)

Speaking in the House of Lords on 1 December 2025

Debate

OBR Forecasts

Contribution

My Lords, please allow me to quote the former chair of the OBR on the black hole that the Minister has now referenced over 50 times at the Dispatch Box: “Nothing in our review was a legitimisation of that £22 billion”. Last week, the OBR said that: “At no point in our pre-measures forecast process were either of the Government’s fiscal targets missed by more than £2.5bn”. Why are the Government saying something completely different from the OBR?

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