Budget: Press Briefings Debate

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Department: HM Treasury
Monday 17th November 2025

(1 day, 11 hours ago)

Commons Chamber
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Urgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.

Each Urgent Question requires a Government Minister to give a response on the debate topic.

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James Murray Portrait James Murray
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My hon. Friend is absolutely right that our priority is to take the right decisions to provide stability and secure foundations for the long-term future of this country. It is true that we inherited a mess from the Conservative party. Indeed, the Office for Budget Responsibility is now looking at the previous Government’s record on productivity. We have been clear that we will not let the mistakes of the previous Government determine this country’s future. We will take the right decisions for the future of this country.

Harriett Baldwin Portrait Dame Harriett Baldwin (West Worcestershire) (Con)
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The speculation was inflamed by the Chancellor herself giving a speech at the press conference. Surely one of the most damaging pieces of speculation in the media was that there might be an exit tax on wealthy people fleeing the country. That has only just been ruled out, but many, many people have fled in the interim. There has been a real cost to the Exchequer from all the speculation, so will the Minister confirm that there will be a leak inquiry?

James Murray Portrait James Murray
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As I made clear, I am not going to comment on the ongoing Budget process, nor am I going to engage in speculation about Budget measures. I note that this urgent question is about speculation, which I am not engaging with. It is actually Conservative Members who seem to be fanning the speculation, and I would discourage them from doing that.