Starmer defends government's Autumn Budget amid controversy

Claims Reeves ‘misled’ the cabinet about the ‘reality’ of OBR forecasts

Isabel Baxter
clock • 3 min read

Prime minister Keir Starmer delivered a speech today defending the decisions that the Labour government took in the Autumn Budget amid a raft of reports that chancellor Rachel Reeves ‘misled’ the cabinet.

Following the Autumn Budget on the 26 November, a cabinet minister who wished to remain anonymous told The Times that they felt misled by Starmer and Reeves over the Autumn Budget making process, and that Reeves did not inform the cabinet "the reality" of the Office for Budget Responsibility (OBR) forecasts. On Sunday, the chancellor denied these claims. Following this, in a speech in central London today (1 December), Starmer defended the government's Budget, saying it "involved making necessary choices". "The Budget was a moment of personal pride for me," he added. The prime m...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Fahad Hassan: When good news becomes an inflation problem

Fahad Hassan: When good news becomes an inflation problem

'Markets have been adjusting to the risks through valuations all year'

Fahad Hassan
clock 29 September 2026 • 6 min read
Healey promises 'new age of industrialisation' ahead of Budget

Healey promises 'new age of industrialisation' ahead of Budget

Keeps quiet on personal taxation, pensions or savings at Labour’s conference

Isabel Baxter
clock 28 September 2026 • 2 min read
MPs warn policymakers to stop using OBR as scapegoat for tough fiscal decisions

MPs warn policymakers to stop using OBR as scapegoat for tough fiscal decisions

Treasury Committee report

clock 23 September 2026 • 2 min read