Office for Budget Responsibility Forecasts Debate

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Department: HM Treasury

Office for Budget Responsibility Forecasts

Liz Saville Roberts 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 emphasise to my hon. Friend and all Members of this House that the Chancellor and all of us in the Treasury value the independence of the OBR and the constructive relationship we have had with it over the past 16 months, in challenging times. Obviously, the matter that we are discussing today—the early publication of the report last Wednesday—is incredibly serious. The reason we as a Government are taking it so seriously is that we want to preserve the integrity and independence of the OBR in the future.

Liz Saville Roberts Portrait Liz Saville Roberts (Dwyfor Meirionnydd) (PC)
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I am very interested to learn that the Chancellor is in Wales today. Amid all the message manipulation, she leaves the Minister to explain exactly why the continued freeze on income tax thresholds will hit Wales badly: an estimated five times more Welsh workers will be pulled into the basic rate compared with in the UK as a whole. I can only presume that the Treasury consulted the Labour Welsh Government. Will he release their response specifically in relation to confidence and a cost of living hit?