Budget Resolutions

Chris Coghlan Excerpts

Wednesday 26th November 2025 Commons Chamber

[Catherine West (Hornsey and Friern Barnet) (Lab)]

It is an honour to follow the leader of the Liberal Democrats, the right hon. Member for Kingston and Surbiton (Ed Davey), in this debate. Put very simply, this is a family-friendly Budget, and every family up and down the UK will be welcoming it. Gone is the vile rape clause, and an increase in family income is very welcome.

We have been through many traumatic times together in this House. We have been through the global financial crisis and its long tail. We have been through Brexit, and the right hon. Member was quite right to emphasise the vast difference between our economy while we were in the European Union and our economy now that we are not. I welcome the work being done at Cabinet level, and I ask the Cabinet to redouble its efforts to work on good trade arrangements under the EU-UK security pact to improve and enlarge our economy. And, of course, we have had covid. We heard about covid this week, with the publication of the UK covid-19 inquiry report. We all remember not just the impact on the economy, but the terrible impact on younger people in particular and the impact that that long tail is having on so many of our young people, who are still feeling too unwell to work or whose work opportunities have been severely reduced through anxiety, depression and all the other things that not just covid but that context of fiscal austerity brought down on them.

I represent a multi-faith, multi-ethnic constituency that works really hard on community cohesion. When all is said and done, we rub along well together in Hornsey and Friern Barnet. From recent rhetoric, it could be assumed that there is deep unhappiness and division. In fact, it is the opposite. I would like to put on record the contribution to our local economy from all parts of my constituency, regardless of skin colour, faith or school qualifications.

Of course, my community also faces challenges. We have unacceptably high numbers of children living in households where incomes do not cover the basics of heating, eating and rent. I really welcome today’s statement on heating, with help for households; on eating, with school meals, more breakfast clubs and help in particular for secondary school children with their nutrition; and on rent, quite rightly introducing a little more tax on some of the landlords who, in a wealthy place such as London, will be making quite a lot and can afford to pay a little more.

It is my first Budget as a member of the Treasury Committee. This Budget has rewarded those who fought to restore hope, stop the chaos of the 14 years of Conservative Governments and deliver change. Remember the election? We promised change. Today, we saw change. That change is an end to poverty-line family budgets. The hope is that we finally see food banks close for good.

[Chris Coghlan (Dorking and Horley) (LD)]

I thank the hon. Member for giving way. She is a colleague with me on the Treasury Committee. In terms of the Government delivering hope, a key part of the Government’s economic forecasting comes, of course, from the Office for Budget Responsibility. A lot of what has driven the Budget today is the £16 billion productivity downgrade by the OBR. We heard in the Treasury Committee that there was very little basis behind that productivity forecast in the first place and that it was based purely on UK productivity pre-2008 and not much real depth beyond that. Does she agree with me that the OBR has serious work to do to look at the robustness of its forecasts?