Sir Bernard Jenkin

Sir Bernard Jenkin

Conservative — Harwich and North Essex

Speaking in the House of Commons on 17 November 2025

Debate

Budget: Press Briefings

Contribution

Can I ask the Minister whether I have got this right? The Chancellor made a speech to try to reassure the markets that she was going to plug the enormous black hole in the Government’s finances. It reassured the markets to an extent, and the forecasted borrowing costs fell. The OBR adjusted its forecasts, and then the Chancellor decided that she did not need to take the measures she had announced in her speech, and the markets have now reacted adversely. This is all against the background of the cost of borrowing being higher today, as it has been all year, than the peak under the supposedly disastrous Budget of Liz Truss. What sort of confidence is that going to give the British economy?

More from Sir Bernard Jenkin

Other recent Hansard contributions by the same speaker.

About Hansard

Hansard is the official verbatim record of proceedings in the UK Parliament. Every word spoken in the Commons and Lords is recorded and published — this page is a single contribution from that record.

For Sir Bernard Jenkin's full parliamentary record including voting history, expenses and all other contributions, see the Sir Bernard Jenkin report card.