Office for Budget Responsibility Forecasts Debate

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Department: HM Treasury

Office for Budget Responsibility Forecasts

Lincoln Jopp Excerpts
Monday 1st December 2025

(1 day, 6 hours ago)

Commons Chamber
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James Murray Portrait James Murray
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I can reassure the hon. Lady that since we won the election I have spent many hours with the oil and gas industry in Aberdeen. It is exactly why we confirmed in the Budget last week that we will end the energy profits levy in 2030, or sooner if a price floor is triggered.

Lincoln Jopp Portrait Lincoln Jopp (Spelthorne) (Con)
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When did the Chancellor first brief her Cabinet colleagues on the realities of the OBR forecast?

James Murray Portrait James Murray
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The Chancellor obviously spoke to Cabinet on the day of the Budget, as is the normal process, to let them know what was coming in the Budget later that day.