Sir Jeremy Hunt

Conservative — Godalming and Ash

Speaking in the House of Commons on 26 November 2025

Debate

Contribution

Budgets are not easy for Chancellors, because there are so many things beyond their control, but being forced to make trade-offs reveals priorities. I am afraid today’s priority was not economic growth, but political survival. That is because there was one central call the Chancellor had to make today: do we reform welfare, or do we raise tax? Getting our welfare bill down to pre-pandemic levels would save about £47 billion a year within five years. It would not have been easy, but it would have meant no tax rises and plenty of headroom in public finances. Instead, welfare spend is going up, and jobs and growth are going down. In every single day of the Government’s first year, around 2,200 people have been signed off not just work, but from even having to look for work. That is 1 million more people on universal credit just in the last year. Most of those claimants cite mental ill health, but every doctor I spoke to as Health Secretary said that people with anxiety and depression need social contact. That means being at work, not being at home.

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