B

Baroness Neville-Rolfe (Con)

Speaking in the House of Lords on 18 November 2025

Debate

Budget: Press Briefings

Contribution

My Lords, two weeks ago the Chancellor held an unprecedented press conference at Downing Street. As a result, everyone believed that income tax rates would be increased in the Budget. However, last Friday, the Financial Times, obviously briefed by Downing Street, said that this plan had been scrapped, leading to an instant increase in bond rates and debt servicing costs. Has the Treasury launched an investigation into the source of this and related leaks? If not, why not? Is it that the source of such leaks is all too obvious—the noble Lord’s political friends?

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