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Official Prime Minister's Questions (PMQs) Podcast

Budget Statement - 26 Nov 2025

Official Prime Minister's Questions (PMQs) Podcast

UK Parliament

Government

4.593 Ratings

🗓️ 27 November 2025

⏱️ 65 minutes

🧾️ Download transcript

Summary

Budget Statement - 26 Nov 2025 by UK Parliament

Transcript

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0:00.0

I call the Chancellor of this shutter.

0:02.0

Madam Deputy Speaker,

0:04.0

Madam Deputy Speaker, it is my understanding that the Office of Budget

0:24.1

Responsibilities' Economic and Financial Outlook was released on their website before

0:28.9

this statement. This is deeply disappointing and a serious error on their part.

0:34.2

The Office of Budget Responsibility have already made a statement taking full

0:41.5

responsibility for their breach.

0:44.3

Madam Deputy Speaker, we are rebuilding our economy. Over the last 16 months, we have overhauled our planning system to get

0:58.0

Britain building, forged new trade deals with the United States, India and the European Union,

1:06.0

reformed our visa system to bring the brightest and the best to Britain.

1:11.6

We changed our fiscal rules that we inherited from the Conservatives and raised public

1:17.6

investment to its highest level in four decades.

1:21.6

And in last year's budget, I raised taxes on business and the wealthiest to close the 22 billion

1:30.3

pound in the public finances led by the party opposites.

1:37.3

And we used that money to fund the biggest ever settlement for our National Health Service.

1:45.5

They were the fair and necessary choices.

1:49.1

We faced opposition to them, from opponents to planning reform, who will always demand

1:55.0

that the future is built somewhere else, not in their backyard, opponents to trade, who want to take us down the

2:02.1

path of isolation and division. Opponents to investment, who believe that the only good

2:08.4

thing a government can do is get out of the way. Opponents who insist that the only way

2:14.0

to balance the books is to cut public spending. And opponents who say that we don't need to balance the books is to cut public spending.

2:17.9

And opponents who say that we don't need to balance the books at all.

...

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