Office for Budget Responsibility Forecasts

Iqbal Mohamed Excerpts

Monday 1st December 2025 Commons Chamber

[James Murray]

I hate to break it to the hon. Gentleman, but I doubt the British people will forgive the Tories for Liz Truss’s record in office.

[Iqbal Mohamed (Dewsbury and Batley) (Ind)]

According to the latest House of Commons Library briefing and the economic forecasts, the freeze on the income tax threshold is projected to raise over £38 billion per year by 2029-30. For comparison, the Institute for Fiscal Studies estimates that by 2030 the freeze will raise approximately £8 billion annually, which is similar to adding 1p to the basic rate of income tax. Does the Minister agree with the Chancellor’s statement that she met Labour’s manifesto pledge not to raise income taxes, and does he agree that she misled the public and this House?

[James Murray]

No. The Chancellor—

[Madam Deputy Speaker (Ms Nusrat Ghani)]

Order. I believe that the hon. Member was trying to say that the Chancellor inadvertently misled the House, but he did not say the word “inadvertently”—

[Iqbal Mohamed]

Apologies, Madam Deputy Speaker.

[Madam Deputy Speaker]

Noted, but we need to be mindful of our language at all times.