Kit Malthouse

Kit Malthouse

Conservative — North West Hampshire

Speaking in the House of Commons on 26 November 2025

Debate

Budget Resolutions

Contribution

That is a very good way of putting it. The other way of putting it is to say that there is a huge attempt to gaslight the country and, I am afraid, Labour Members about what is actually being proposed. Let me give another example. We are told that the Government are trying to encourage business investment, yet the Blue Book contains a £1.5 billion reduction in incentives for business investment. The contradictions are clear, and I urge Members to read the Blue Book, because the Chancellor is relying on us not reading the leaked book. Sometimes it is quite impenetrable, and sometimes it is quite difficult to understand, but there are some key things that I want to point people to, if I may. First, I ask Members to turn to paragraph 1.3 of the executive summary, which tells us that, contrary to what the Chancellor said, debt will rise over the next few years. Debt moves from being “95 per cent of GDP this year and ends the decade at 96 per cent of GDP, which is 2 percentage points higher than projected in March”. That was the first thing she said that was incorrect.

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