Supports the updated charter which includes reforms to reduce inflation, stabilise interest rates and enhance business confidence through a sustainable fiscal strategy. The new framework provides for one annual assessment of fiscal rules and maintains the OBR's independence.

Thanked the Minister for their speech and criticised the Government's economic management, citing a lack of stability and credibility. Emphasised the chaos of the last year by referencing statements made by the Chief Secretary to the Treasury regarding growth forecasts and fiscal plans which have not been realised. Raised concerns about the removal of flexibility in the definition of 'balance' in the charter and questioned why the OBR's independent assessment ahead of the spring statement has been removed. Mentioned business confidence falling due to record concerns over the tax burden on businesses, with 80% of people believing the Government is handling the economy poorly.

Expressed concern regarding the difficulties faced by the Northern Ireland Executive in balancing budgets and addressed the lack of progress on Barnett consequentials despite promises made. Welcomed positive news about tax surplus but underscored the need for addressing ongoing challenges.

Acknowledged issues with the current economic policymaking process and noted that reducing fiscal events can create artificial cliff edges. Emphasised the importance of proper parliamentary debate on budget proposals, similar to Sweden's model, for fostering market confidence and stabilising public finances. Highlighted that crucial decisions made during Budget processes significantly affect constituents' daily lives and argued for a fuller picture of Government tax and spending plans.

Responded directly to questions regarding the Government’s changes to the fiscal charter. Emphasised that these changes were based on commitments in their manifesto and recommendations from the IMF. Highlighted the importance of transparency and maintained forecasts twice a year despite fewer fiscal events. Criticised the Opposition spokesperson for ignoring positive economic indicators such as monthly surplus, wage growth, business investment, GDP growth, inflation falling, and interest rates decreasing.