BUDGET GOING ONCE, GOING TWICE, GOING THIRD TIME, SOLD
ZDENKO KOS MSc MEc BScEcon (Hons) MBA • 27 November 2025

DISGRACEFUL SPEECH IN HOUSE OF COMMON UPON CHANCELLOR PRESENTED HER BUDGET

So, the euphoria over the budget finally ended. I think that we have to actually step back to November, it's November the 4th when we had that statement from Rachel Reeves quite early in the morning and people were wondering why the news reporters were being called the Downing Street to listen to Rachel Reeves and it was all very downbeat about where the economy was at.


Then the OBR chief actually took a very different step he actually wrote to the treasury Select Committee and said well actually we do have headroom here and sort of contradicted her (Rachel Reeves) and then we have the situation of this leak happening and the OBR chief for all intents and purposes has fallen on his sword because of the lake.


However, there are other interpretations of that and if you look at the “I” paper, let's say that he was forced out after he contradicted the chancellor.

So there's different takes on this and I have to schools what happens in the next couple of weeks, has he been silenced or are we going to hear from him that I'm just picked up on stomach and back, and yes, it is really untenable position, he's done the right thing otherwise it would have been a lame duck. Was it fair? Well, we're certainly fair on the leak, I thought, like you run a small organisation that's a really really terrible mistake somebody got to take exceptionally kisses someone no. It's given away but you to run that organisation you could say politicians maybe should do that a bit more of their cabinet secretaries and there are mistakes in their department and they don't take what response are responsibility in the same way.


The question here is, where majority are talking about is whether Rachel Reeves misled or lied. It is known over the decades of chancellors covering up and hiding misleading us about bad news but this was good news, Rachel Reeves would be permit if she could actually have said “oh we got 4 billion in the white, I need a bit more headroom. So she can most of these tax rises come in later in the parliament and off for a few years so when we get to the general election which is going to be held by August 2029 all of a sudden she's got some money to spend so, we turned it right and if you see the economy is doing well.

What Rachel Reeves did with the budget was increasing welfare spending by a significant amount and despite what the chancellor or Prime Minister was repeating daily saying about dealing with welfare and getting young people back to work which I absolutely agree with in actual fact they're increasing the amount of money are standing on welfare overall though taking half a million kids out of poverty is very sore. I agree families and actually not talking about that another welfare spending will still be smaller part the economy GDP than it was in 2013.


Make no mistake, actually Ed Conway the Sky presenter for economics did not put his data correctly as he presented the figures incorrectly. Therefore, I can also ask a question, did Ed Conway misled or lied.   


OBR chair quits after inquiry into early release of budget document but let's talk about the Prime Minister who was at the Guildhall with the lady mayor now the lady most banquet and he was talking about European Union. He said that the Brexit vote was fair and democratic. Not really! It was mis sold and it was misleading, however PM cannot acted exactly as he has shifting politics, he's given up on those people who voted Labour who will vote Reform the next election and he's going for the Greens and the Liberal Democrats votes therefore, he's pivoting towards the European Union for political reasons. There will be new talk there about the border in the Irish Sea between Great Britain and Northern Ireland. Even Rachel Reeves should be focused on trying to deal with instead of what she's focusing on closer links with the EU if he could tell the EU to sort that border out and stop 1.8 million people being disenfranchised that would be really really good. At the end the PM speech was mainly about China right, he knows Brexit is not working, it's a popular, however it's not working and PM already come up with set of revisions to the relationship.


However, what strikes me most was not the mistake OBR did with earlier releases of The Budget over the internet but was speech of shadow leader Kemi Bedinock after chancellor presented the budget.

I was speechless seeing such vulgar attack in live TV debate without any intention of Madam Deputy Speaker Nusrat Ghani who chaired the Budget in the House of Commons to stop such disgraceful language toward our Chancellor Rachel Reeves. Ms Ghani, who also goes by Nus, kicked off proceedings with a fiery statement criticising the string of leaks in the led up to the Chancellor’s midday statement.


By my personal opinion this should not be allowed by Ms Ghani, she should stopped Kemi Badenoch and ask her to apologise to chancellor. However, taking in consideration that she is from conservative party and that she is under the Ozempic style weight loss drugs were recently linked to many symptoms including increased risk of hearing loss. Ms Ghani seems celebrate such speech of shadow leader. Still complete disgrace.



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