Treasury launches inquiry into autumn budget leaks with 'full support' of Chancellor Reeves.
The Treasury has launched an investigation into the recent autumn budget leaks, which saw key policies such as a freeze on income tax thresholds and a tourist tax leaked to the media before the actual announcement. This came after reports that the government had suffered "unprecedented" security breaches, which some have described as attempts by Chancellor Rachel Reeves to manipulate public opinion.
Chancellor of the Duchy of Lancaster James Murray said that the Treasury's permanent secretary, James Bowler, would be reviewing security processes to inform future events, with the full support of the Chancellor and the entire Treasury team. However, when asked if he believed someone responsible for the leaks had been identified, Murray refused to speculate.
The Conservative Party has taken aim at Chancellor Reeves, claiming that the leaks were a deliberate attempt by her to sway public opinion. Leader Kemi Badenoch called for action against Reeves, stating "if she was a CEO, she would have been fired and might even have been prosecuted for market abuse".
Speaker of the House Sir Lindsay Hoyle also criticized the leaks, labeling the budget as the "hokey cokey budget". Chair of the Treasury Select Committee Meg Hillier warned that leak inquiries often fail to identify those responsible, but if someone is found guilty, they will need to follow a similar path to former OBR chair Richard Hughes.
Meanwhile, business leaders have expressed concern over the impact of leaks on economic confidence. The chief executive of investment broker AJ Bell Michael Summersgill reported an increase in customers taking money out of their retirement savings following rumors about the budget.
The investigation into the autumn budget leaks has raised questions about the effectiveness of the Treasury's security measures and the role of the Chancellor in managing sensitive information ahead of major announcements.
The Treasury has launched an investigation into the recent autumn budget leaks, which saw key policies such as a freeze on income tax thresholds and a tourist tax leaked to the media before the actual announcement. This came after reports that the government had suffered "unprecedented" security breaches, which some have described as attempts by Chancellor Rachel Reeves to manipulate public opinion.
Chancellor of the Duchy of Lancaster James Murray said that the Treasury's permanent secretary, James Bowler, would be reviewing security processes to inform future events, with the full support of the Chancellor and the entire Treasury team. However, when asked if he believed someone responsible for the leaks had been identified, Murray refused to speculate.
The Conservative Party has taken aim at Chancellor Reeves, claiming that the leaks were a deliberate attempt by her to sway public opinion. Leader Kemi Badenoch called for action against Reeves, stating "if she was a CEO, she would have been fired and might even have been prosecuted for market abuse".
Speaker of the House Sir Lindsay Hoyle also criticized the leaks, labeling the budget as the "hokey cokey budget". Chair of the Treasury Select Committee Meg Hillier warned that leak inquiries often fail to identify those responsible, but if someone is found guilty, they will need to follow a similar path to former OBR chair Richard Hughes.
Meanwhile, business leaders have expressed concern over the impact of leaks on economic confidence. The chief executive of investment broker AJ Bell Michael Summersgill reported an increase in customers taking money out of their retirement savings following rumors about the budget.
The investigation into the autumn budget leaks has raised questions about the effectiveness of the Treasury's security measures and the role of the Chancellor in managing sensitive information ahead of major announcements.