Oral Answers to Questions

Debate between Josh Fenton-Glynn and Rachel Reeves

Tuesday 9th December 2025 Commons Chamber

[Rachel Reeves]

In its spring statement, the OBR was clear that productivity was coming in lower than forecast, and it was clear that it was reviewing that over the summer. The numbers that the OBR has since published showed that in the final pre-measures forecast the fiscal headroom was just over £4 billion. I was clear in my speech on 4 November that I did not want to reduce the headroom; I wanted to increase it. I increased it to bring back the stability that is much needed in our economy after 14 years of Conservative government.

[Josh Fenton-Glynn (Calder Valley) (Lab)]

T5. Having worked on child poverty for over a decade, I have seen at first hand the damage to health, education prospects and life chances that poverty can cause, put at £40 billion a year by the Child Poverty Action Group. Can the Chancellor assure me that the child poverty strategy will build on the historic Budget announcement on the two-child cap, and do more to reverse the appalling rise in poverty that we saw under the Conservatives?