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, according to the institute for fiscal studies, but it pay reviews for other public sector workers likeolice, doctors, dentists and prison staff, come up with a similar number, the institute for fiscal studies warns this could quickly rise to £10 billion. let's bring in political breath now you. hi, c. this field is a bit like inheriting a property and finding it is more of a house of horrors than you initially first thought. how much of a surprise is that? we kind of knew this was coming, no? yes. of knew this was coming, no? yes, it's certainly _ of knew this was coming, no? yes, it's certainly not _ of knew this was coming, no? yes, it's certainly not a _ of knew this was coming, no? yes, it's certainly not a total _ of knew this was coming, no? us: it's certainly not a total surprise that labour have found there is a very difficult picture facing public finances. it is something that the cpr finances. it is something that the 0pr has been flagging for some time, as well as bodies like the afs. they had an idea that this was going to be challenging, but i think the final number was m
, according to the institute for fiscal studies, but it pay reviews for other public sector workers likeolice, doctors, dentists and prison staff, come up with a similar number, the institute for fiscal studies warns this could quickly rise to £10 billion. let's bring in political breath now you. hi, c. this field is a bit like inheriting a property and finding it is more of a house of horrors than you initially first thought. how much of a surprise is that? we kind of knew this was coming,...
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Jul 25, 2024
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that's according to a new report by the institute for fiscal studies.useholds remortgaging or taking out new mortgages since 2022 have experienced sharp falls in their disposable income as higher interest rates pushed up housing costs. i'm nowjoined by tom waters, who is the associate director of the institute for fiscal studies. good to have you with us. we might say no surprise that the cost of living is going up. the house —— the cost of housing is going up. that is pushing more people into hardship. it is clearfrom pushing more people into hardship. it is clear from your report that he suggest more people are facing hardship then we first thought. that is riuht. hardship then we first thought. that is right. so. — hardship then we first thought. that is right. so. the _ hardship then we first thought. twat is right. so, the interest rates go up is right. so, the interest rates go up and of course, more people are paying more on their mortgage and so the amount of cash they have, their disposable income, is going to go down. the way this is typically
that's according to a new report by the institute for fiscal studies.useholds remortgaging or taking out new mortgages since 2022 have experienced sharp falls in their disposable income as higher interest rates pushed up housing costs. i'm nowjoined by tom waters, who is the associate director of the institute for fiscal studies. good to have you with us. we might say no surprise that the cost of living is going up. the house —— the cost of housing is going up. that is pushing more people...
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Jul 30, 2024
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the independent institute for fiscal studies says - institute for fiscal studies says there were someernment were already known about. one of the consequences is labour scrapping and expected cap on the costs of social care. it is scrapping and expected cap on the costs of social care.— costs of social care. it is another exam - le costs of social care. it is another example of— costs of social care. it is another example of social _ costs of social care. it is another example of social care, - costs of social care. it is another l example of social care, something that affects people at some of the most difficult times of their lives being given too little attention, being given too little attention, being ignored and being tossed aside, which is very disappointing. it is farfrom aside, which is very disappointing. it is far from the last difficult decision treasury officials and the chancellor will have to make in the coming months. there was a strong hint from rachel reeves that some of those decisions could come in the form of tax rises as well as cuts to benefits and public spend
the independent institute for fiscal studies says - institute for fiscal studies says there were someernment were already known about. one of the consequences is labour scrapping and expected cap on the costs of social care. it is scrapping and expected cap on the costs of social care.— costs of social care. it is another exam - le costs of social care. it is another example of— costs of social care. it is another example of social _ costs of social care. it is another example of social...
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Jul 29, 2024
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this week, the institute for fiscal studies said it was not — institute for fiscal studies said it wasarge of, and certainly not comparable to the 1940s or 1970s. if you are _ comparable to the 1940s or 1970s. if you are in _ comparable to the 1940s or 1970s. if you are in charge of the economy, it is time _ you are in charge of the economy, it is time to— you are in charge of the economy, it is time to stop trash talking it. what _ is time to stop trash talking it. what is — is time to stop trash talking it. what is the point of going to new york or— what is the point of going to new york or brazil to bang the drum for more _ york or brazil to bang the drum for more investment if you come home with a _ more investment if you come home with a clock— more investment if you come home with a clock and bull story about how bad — with a clock and bull story about how bad everything is? she should stop playing politics with britain's reputation and get on with running the economy. so when it comes to public— the economy. so when it comes to public finances, will she confirm to the house — pu
this week, the institute for fiscal studies said it was not — institute for fiscal studies said it wasarge of, and certainly not comparable to the 1940s or 1970s. if you are _ comparable to the 1940s or 1970s. if you are in _ comparable to the 1940s or 1970s. if you are in charge of the economy, it is time _ you are in charge of the economy, it is time to— you are in charge of the economy, it is time to stop trash talking it. what _ is time to stop trash talking it. what is — is time to...
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Jul 30, 2024
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"tt2 independent institute for fiscal studies says there were some astonishing areas of unfunded spendingled yesterday. it also that many of the tough decisions facing this government were already known about. one of the consequences is labour scrapping unexpected cap on the cost of social care. figs labour scrapping unexpected cap on the cost of social care.— the cost of social care. as another exam - le the cost of social care. as another example of— the cost of social care. as another example of social _ the cost of social care. as another example of social care, _ the cost of social care. as another| example of social care, something that affects — example of social care, something that affects people _ example of social care, something that affects people at _ example of social care, something that affects people at some - example of social care, something that affects people at some of- example of social care, something that affects people at some of the| that affects people at some of the most _ that affects people at some of the most difficult _ that affects people at some of the m
"tt2 independent institute for fiscal studies says there were some astonishing areas of unfunded spendingled yesterday. it also that many of the tough decisions facing this government were already known about. one of the consequences is labour scrapping unexpected cap on the cost of social care. figs labour scrapping unexpected cap on the cost of social care.— the cost of social care. as another exam - le the cost of social care. as another example of— the cost of social care. as...
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Jul 29, 2024
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i was reading on social media from the institute for fiscal studies that will save about £1.5 billional income.— that will make quite a dent in their annual income. yeah, pension credit is for the poorest _ annual income. yeah, pension credit is for the poorest pensioners - annual income. yeah, pension credit is for the poorest pensioners some l is for the poorest pensioners some of whom don't currently claim it but with any means tested benefit you have a cliff edge for the people who are slightly too well off to claim that universal pension and for those pensioners it is going to be quite a painful adjustment and i think that is going to cause the government some political difficulty when it comes through.— some political difficulty when it comes throu~h. , . , comes through. they have said they willt to comes through. they have said they will try to make _ comes through. they have said they will try to make sure _ comes through. they have said they will try to make sure that _ comes through. they have said they will try to make sure that more - will try to make sure that more peopl
i was reading on social media from the institute for fiscal studies that will save about £1.5 billional income.— that will make quite a dent in their annual income. yeah, pension credit is for the poorest _ annual income. yeah, pension credit is for the poorest pensioners - annual income. yeah, pension credit is for the poorest pensioners some l is for the poorest pensioners some of whom don't currently claim it but with any means tested benefit you have a cliff edge for the people who are...
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Jul 29, 2024
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analysts, like the institute for fiscal studies, have been warning about the extent of the task aheadnths, and are sceptical at how much of this is really a surprise. at the broad level, at a high level, we always knew that there was going to be this crunch in terms of public spending. everybody knew that the public services were struggling, they'd need more money. at that high level, none of this is a surprise. the conservatives said ms reeves is lying to the british taxpayer and is trying to con people into believing the need for big tax rises. in its manifesto, labour pledged not to touch major taxes, like income tax, national insurance and vat. and ms reeves is not expected to suggest tax rises will be required at this stage. but areas like courts, prisons, further education and local council budgets could come in for a spending squeeze in a bid to save money. applause. the chancellor is promising to level with the public and tell the truth and take the difficult decisions, which she says might be painful now but will lead to every part of the uk being better off. marc ashdown, bb
analysts, like the institute for fiscal studies, have been warning about the extent of the task aheadnths, and are sceptical at how much of this is really a surprise. at the broad level, at a high level, we always knew that there was going to be this crunch in terms of public spending. everybody knew that the public services were struggling, they'd need more money. at that high level, none of this is a surprise. the conservatives said ms reeves is lying to the british taxpayer and is trying to...
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Jul 30, 2024
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the institute for fiscal studies said exactly this before the election, too.meless fiscal fairytale begins. the labour party is now in government, which means it chooses the balance between taxation and spending, and it chooses where spending, and it chooses where spending falls . so it's decided spending falls. so it's decided to take £i.5 spending falls. so it's decided to take £1.5 billion off pensioners to give it to its charms in the public sector, from tory voters to labour voters. what a surprise. it's taken the decision to spend £8 billion on gb energy, the green energy company which it once claimed would save you an extra £300 on your energy bills. both the prime minister and the energy secretary, ed miliband, have now forgotten about this saving because it was probably never there. the trick the legerdemain, the dishonesty is in pretending that this is not a conscious choice but force measure , inventing a £22 billion measure, inventing a £22 billion black hole and blaming the tories while spending £8 billion on green energy. that won't cut your bill
the institute for fiscal studies said exactly this before the election, too.meless fiscal fairytale begins. the labour party is now in government, which means it chooses the balance between taxation and spending, and it chooses where spending, and it chooses where spending falls . so it's decided spending falls. so it's decided to take £i.5 spending falls. so it's decided to take £1.5 billion off pensioners to give it to its charms in the public sector, from tory voters to labour voters. what...
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the institute for fiscal studies said exactly this before the election, too.ameless fiscal fairytale begins. the labour party is now in government, which means it chooses the balance between taxation and spending, and it chooses where spending, and it chooses where spending falls . so it's decided spending falls. so it's decided to take £i.5 spending falls. so it's decided to take £1.5 billion off pensioners to give it to its charms in the public sector, from tory voters to labour voters. what a surprise. it's taken the decision to spend £8 billion on gb energy, the green energy company which it once claimed would save you an extra £300 on your energy bills. both the prime minister and the energy secretary, ed miliband, have now forgotten about this saving because it was probably never there. the trick the legerdemain, the dishonesty is in pretending that this is not a conscious choice but force measure , inventing a £22 billion measure, inventing a £22 billion black hole and blaming the tories while spending £8 billion on green energy. that won't cut your bil
the institute for fiscal studies said exactly this before the election, too.ameless fiscal fairytale begins. the labour party is now in government, which means it chooses the balance between taxation and spending, and it chooses where spending, and it chooses where spending falls . so it's decided spending falls. so it's decided to take £i.5 spending falls. so it's decided to take £1.5 billion off pensioners to give it to its charms in the public sector, from tory voters to labour voters....
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Jul 29, 2024
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analysts like institute for fiscal studies have been warning about the extent of the task ahead for manyof this is really a surprise. the broad level, _ this is really a surprise. the broad level, a _ this is really a surprise. the broad level, a high - this is really a surprise. tue: broad level, a high level, this is really a surprise. tte: broad level, a high level, we always knew there was going to be this crunch in terms of public spending. everybody knew that the public services were struggling, they needed more money at that high level. none of this is a surprise. the conservatives _ of this is a surprise. the conservatives said - of this is a surprise. the | conservatives said rachel reeves is lying to the british taxpayer and trying to con people into believing need for biggest tax rises. in its manifesto, labour alleged not to touch major taxes like income tax, national insurance and vat and rachel reeves is not expected to suggest tax rises will be required at this stage. but areas like courts, prisons, further education and local council budgets could come in for a spending s
analysts like institute for fiscal studies have been warning about the extent of the task ahead for manyof this is really a surprise. the broad level, _ this is really a surprise. the broad level, a _ this is really a surprise. the broad level, a high - this is really a surprise. tue: broad level, a high level, this is really a surprise. tte: broad level, a high level, we always knew there was going to be this crunch in terms of public spending. everybody knew that the public services were...
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Jul 29, 2024
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pauljohnson from the institute for fiscal- from the institute for fiscal studies, thank you forjoiningement. listening to that interview is somebody with a slightly different perspective. joining me now is george dibb, associate director for economic policy at institute for public policy research — a charity that says it wants a fairer, greener and more prosperous society. thank you forjoining us here on couege thank you forjoining us here on college green. what is your reaction to what extent does the statement today meet your requirements, your aim for that today meet your requirements, your aim forthat fair today meet your requirements, your aim for that fair society? i today meet your requirements, your aim for that fair society?— aim for that fair society? i think we knew before _ aim for that fair society? i think we knew before the _ aim for that fair society? i think we knew before the election - aim for that fair society? i thinkl we knew before the election that some of the major economic challenges facing this country might be a barrier towards getting that economic growth a
pauljohnson from the institute for fiscal- from the institute for fiscal studies, thank you forjoiningement. listening to that interview is somebody with a slightly different perspective. joining me now is george dibb, associate director for economic policy at institute for public policy research — a charity that says it wants a fairer, greener and more prosperous society. thank you forjoining us here on couege thank you forjoining us here on college green. what is your reaction to what...
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Jul 27, 2024
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for fiscal studies was warning about and saying, actually, the conservatives and labour had a conspiracyvoters about where they would find £10 to £20 billion worth of money to spend on public services. it is not a complete surprise but in labour's defence they would say that things have changed slightly since the election. one big issue is around pay rises for public sector workers. we are expecting potential increases for nurses and teachers above inflation. i think what was budgeted previously and what sources have told the bbc was around 2% increase, it could be a 5.5% increase we are expecting potential increases for nurses and teachers above inflation. i think what was budgeted previously and what sources have told the bbc was around 2% increase, it could be a 5.5% increase because that is the amount that the independent pay review body has recommended to government. it does seem like rachel reeves would be looking to implement that in order to prevent strikes. but of course, we are now looking that that is the backdrop to this idea that she could potentially delay large infrastruct
for fiscal studies was warning about and saying, actually, the conservatives and labour had a conspiracyvoters about where they would find £10 to £20 billion worth of money to spend on public services. it is not a complete surprise but in labour's defence they would say that things have changed slightly since the election. one big issue is around pay rises for public sector workers. we are expecting potential increases for nurses and teachers above inflation. i think what was budgeted...
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Jul 29, 2024
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analysts, like the institute for fiscal studies, have been warning about the extent of the task aheadknew that there was going to be this crunch in terms of public spending. everybody knew that the public services were struggling, they'd need more money. at that high level, none of this is a surprise. the conservatives said ms reeves is lying to the british taxpayer and is trying to con people into believing the need for big tax rises. in its manifesto, labour pledged not to touch major taxes, like income tax, national insurance and vat. and ms reeves is not expected to suggest tax rises will be required at this stage. but areas like courts, prisons, further education and local council budgets could come in for a spending squeeze in a bid to save money. applause. the chancellor is promising to level with the public and tell the truth and take the difficult decisions, which she says might be painful now but will lead to every part of the uk being better off. marc ashdown, bbc news. it is expected that the british medical association will say later on thatjunior doctors in england have
analysts, like the institute for fiscal studies, have been warning about the extent of the task aheadknew that there was going to be this crunch in terms of public spending. everybody knew that the public services were struggling, they'd need more money. at that high level, none of this is a surprise. the conservatives said ms reeves is lying to the british taxpayer and is trying to con people into believing the need for big tax rises. in its manifesto, labour pledged not to touch major taxes,...
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Jul 1, 2024
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the institute for fiscal studies has said that is a tiny amount of money.he would say, "look, "the health service is a service, it's not a shrine "and you can'tjust chuck money at it, you've got "to reform it" and, indeed, that is very much the view in the rachel reeves shadow chancellor team, the shadow treasury team, that you'd have to have reform. british politics have always been fairly stable — i mean, there have been blips here and there — and there's been a major blip, of course, since 2016. but basically, the ship rights itself, doesn't it? it becomes boring and stable and heads in pretty much the same direction as the predecessors did. is that what's going to happen? well, in a sense, the reason why you would have stability in the british system is because of the first—past—the—post electoral system, which is 656 constituencies, you just get to get a cross against one candidate and whoever gets the most votes, they win. and that does provide stability when fundamentally you have a two—party system. but it looks like in this election, we may well be
the institute for fiscal studies has said that is a tiny amount of money.he would say, "look, "the health service is a service, it's not a shrine "and you can'tjust chuck money at it, you've got "to reform it" and, indeed, that is very much the view in the rachel reeves shadow chancellor team, the shadow treasury team, that you'd have to have reform. british politics have always been fairly stable — i mean, there have been blips here and there — and there's been a...
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for fiscal studies.views for other public sector workers — police, doctors, dentists and prison staff — come up with a similar number — the ifs warns this could quickly rise to ten billion. here's our business editor faisal islam. it is not a budget. this is the most important statement of this new chancellor. we've heard a lot about the tens of millions of pounds gap from this audit of spending pressures inherited by this government from the previous government from the previous government that will, they say, be revealed in a document listed. we've heard less about the idea that the chancellor may stand up and try to close that gap with a series of projects axed and other spending restraint, at least start to close that gap, starting in this financial year, it is unusual, and a lot of this process, this exercise is unusual. on the other side of the ledger, we will hear i think that for some public sector workers, teachers, armed forces, prison personnel at least that they should be getting a pay rise i
for fiscal studies.views for other public sector workers — police, doctors, dentists and prison staff — come up with a similar number — the ifs warns this could quickly rise to ten billion. here's our business editor faisal islam. it is not a budget. this is the most important statement of this new chancellor. we've heard a lot about the tens of millions of pounds gap from this audit of spending pressures inherited by this government from the previous government from the previous...
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Jul 29, 2024
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for fiscal studies, by the chairman of the 0br himself, richard hughes.nstance, the fact that the asylum bill in the cost of housing asylum—seekers comes to about £6 billion this year — but according to this audit done by the treasury, there was no money set aside for it, it was unaccounted for, the department for transport had a hole in it for about £1 billion that had been earmarked for railway spending, but the catch wasn't there. so there was stuff in there that was a surprise — but there have also been choices made today that would increase the size of the black hole — the big one the chancellor prospect decision pay public—sector workers the amounts that were recommended by the independent pay review bodies. no rachel reeves insisted today that was overdue and vital to end the strikes we've seen across the public sector — but that'll add a bit more than £9 billion a year to government spending, and that money will have to be found at notjust this year, but in the coming years. because you must remember, but we talk about today in terms of this black
for fiscal studies, by the chairman of the 0br himself, richard hughes.nstance, the fact that the asylum bill in the cost of housing asylum—seekers comes to about £6 billion this year — but according to this audit done by the treasury, there was no money set aside for it, it was unaccounted for, the department for transport had a hole in it for about £1 billion that had been earmarked for railway spending, but the catch wasn't there. so there was stuff in there that was a surprise — but...
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Jul 20, 2024
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pay increases in the public sector could cost around £10 billion, according to the institute for fiscaludies. independent pay review bodies are reportedly set to recommend pay are reportedly set to recommend pay rises of 5.5% for teachers and nhs staff. pay rises of 5.5% for teachers and nhs staff . schools and and nhs staff. schools and hospitals are unlikely to be able to meet the increase with their existing budgets without making cuts. it's thought to be more than the government had been preparing for, which could represent a significant challenge for rachel reeves first budget. the race is on to become the next tory, the next leader of the conservative party, with two senior figures putting their weight behind tom tugendhat, steve baker and damian green lost their seats at the election, but they remain influential within the party. in a joint article published in the telegraph today, they warn the tories mustn't be tempted to veer towards the hard right and should instead select a unifying figure to lead them back into government. former cabinet minister steve baker told gb news wh
pay increases in the public sector could cost around £10 billion, according to the institute for fiscaludies. independent pay review bodies are reportedly set to recommend pay are reportedly set to recommend pay rises of 5.5% for teachers and nhs staff. pay rises of 5.5% for teachers and nhs staff . schools and and nhs staff. schools and hospitals are unlikely to be able to meet the increase with their existing budgets without making cuts. it's thought to be more than the government had been...
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Jul 29, 2024
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let's talk to the director of the institute for fiscal studies, paul johnson.n johnson, you are seen as the seer, the wise man. if you like, the man with. no. you've got no skin in this fight. i clearly remember you saying in the before the election, i think this was back in march. government and opposition are joining in a conspiracy of silence in not acknowledging the scale of the choices and trade offs that will face us after the election. i think she doth protest too much , doesn't she, protest too much, doesn't she, the chancellor? she pretty much knew it was going to be a £20 billion black hole. >> to a large extent, yes. >> to a large extent, yes. >> i from my understanding, though, is that i think there is actually some additional problems here from those that we identified beforehand, because what we were talking about, particularly were the challenges after this year. >> i think what rachel reeves is going to be referring to are the challenges from this year. now, some of those were certainly predictable and indeed predicted. so the higher public sect
let's talk to the director of the institute for fiscal studies, paul johnson.n johnson, you are seen as the seer, the wise man. if you like, the man with. no. you've got no skin in this fight. i clearly remember you saying in the before the election, i think this was back in march. government and opposition are joining in a conspiracy of silence in not acknowledging the scale of the choices and trade offs that will face us after the election. i think she doth protest too much , doesn't she,...
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Jul 28, 2024
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he was rebutting questions about the fact that the institute for fiscal studies has been quite clearat there will be these big financial challenges for whoever was the next government, but he is saying that actually, there were things that were not seen in the act is too precious on the finances this year. for instance, he talks about the rwanda scheme, the new labour government says it costs more than they had previously thought. he also spoke about improving flood defences on the pressure on the prison system and money to create new places would also be needed quite quickly to stand the issues there. but let's have a listen to what he had to say this morning. we knew the inheritance would be bad and i was _ we knew the inheritance would be bad and i was being flagged up through the election, but we have been into our office _ the election, but we have been into our office now, we have seen what is going _ our office now, we have seen what is going on_ our office now, we have seen what is going on and — our office now, we have seen what is going on and it is catastrophic. it going o
he was rebutting questions about the fact that the institute for fiscal studies has been quite clearat there will be these big financial challenges for whoever was the next government, but he is saying that actually, there were things that were not seen in the act is too precious on the finances this year. for instance, he talks about the rwanda scheme, the new labour government says it costs more than they had previously thought. he also spoke about improving flood defences on the pressure on...
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Jul 23, 2024
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paul johnson, the respected and politically neutral director of the institute for fiscal studies , institutecould cost an extra £3 billion for teachers and nurses alone. now both sectors may have a case. we love our nurses, we love the teachers. but with a government running scared after just over two weeks in power, it's clear that the unions will smell blood and countless other sectors will follow suit with their own unreasonable , their own unreasonable, unaffordable demands, which means more taxes, more borrowed billions and more inflation. meanwhile, labour scrap rwanda the only serious deterrent we had to stop the boats in which the irish government said was already working. and today they've scrapped the bibby stockholm barge , which stockholm barge, which accommodated hundreds of migrants , presumably in favour migrants, presumably in favour of a suite at the holiday inn express. labour are going to smash the criminal gangs abroad. good luck with that. and go after people working in nail bars and car washes. now the nail bar raids will only scratch the surface and the car wash policy
paul johnson, the respected and politically neutral director of the institute for fiscal studies , institutecould cost an extra £3 billion for teachers and nurses alone. now both sectors may have a case. we love our nurses, we love the teachers. but with a government running scared after just over two weeks in power, it's clear that the unions will smell blood and countless other sectors will follow suit with their own unreasonable , their own unreasonable, unaffordable demands, which means...
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Jul 1, 2024
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of course, the institute for fiscal studies says that is a gamble and you've also got some of his ownfficials saying labor is going to have to reenter the customs union to achieve this 2.5% growth target. if you can't actually get the revenue from tax rises. now, we have also had rishi sunak, the prime minister, out in the last furlong of this campaign. his message being not surrender to labor. it's interesting. i think that actually, it's only in the latter stage of the campaign that you have had him fighting like an underdog, really trying to distinguish himself from boris johnson and liz truss. where was this earlier in the campaign? but he continues to be forced to defend the 14 years of conservative rule and answering for brexit and the corruption during the pandemic, but he insists he is still going to be the prime minister on friday. of worse, he has to, really, whatever the polls say. think it is significant that over the weekend, you have seen both the sunday times in the financial times saying that really, it is time for a labor government, and actually echoing the message o
of course, the institute for fiscal studies says that is a gamble and you've also got some of his ownfficials saying labor is going to have to reenter the customs union to achieve this 2.5% growth target. if you can't actually get the revenue from tax rises. now, we have also had rishi sunak, the prime minister, out in the last furlong of this campaign. his message being not surrender to labor. it's interesting. i think that actually, it's only in the latter stage of the campaign that you have...
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Jul 29, 2024
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now, paul johnson is the director of the ifs institute for fiscal studies, who before the statement said some of this, some of these measures by saying we didn't know how bad the books were, that's not quite credible. she knew that that was going to be mentioned. and actually, she had a counter attack ready and saying he has just tweeted in the last few moments during that speech regarding the overspend on the asylum seeker. oh, just drop my pin on the asylum seeker process saying 6.4 billion. that does seem to be that does seem to be, not covered in the current figures, and she referenced that to jeremy hunt's face. so at least she was ready for some of these, these attacks and had some counters to them. i thought it was quite a nimble response, actually. >> jeremy hadn't called it a fictional black hole. she then said you had the chance to say sorry, and you chose to ignore that. but i think you're right. the standout thing is this winter fuel payment. it very much felt like an austerity measure. a george osborne measure. a george osborne measure. we have maggie thatcher, milk snatcher
now, paul johnson is the director of the ifs institute for fiscal studies, who before the statement said some of this, some of these measures by saying we didn't know how bad the books were, that's not quite credible. she knew that that was going to be mentioned. and actually, she had a counter attack ready and saying he has just tweeted in the last few moments during that speech regarding the overspend on the asylum seeker. oh, just drop my pin on the asylum seeker process saying 6.4 billion....
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Jul 27, 2024
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even the institute for fiscal studies has been warning of a £20 billion black hole for months on end.the narrative that this comes as a big surprise is a lie. and here's the bombshell proof. in an interview with the financial times on june the 16th, rachel reeves admitted that unlike previous incoming chancellors , previous incoming chancellors, she'd be unable to arrive at the treasury and claim she'd looked at the books and realised things were worse than expected , giving were worse than expected, giving a weak excuse for tax rises or spending cuts. in her own words, she said we've got the obr now. we know things are in a pretty bad state. you don't need an election to find out. so there we have it , a £20 election to find out. so there we have it, a £20 billion porkie pie. so much for promising no new tax workers on working people. >> we have been really clear that we're not raising income tax. national insurance or vat. all of our plans are fully funded and don't require tax rises over and above what we've already set out . already set out. >> so come the budget in october, labou
even the institute for fiscal studies has been warning of a £20 billion black hole for months on end.the narrative that this comes as a big surprise is a lie. and here's the bombshell proof. in an interview with the financial times on june the 16th, rachel reeves admitted that unlike previous incoming chancellors , previous incoming chancellors, she'd be unable to arrive at the treasury and claim she'd looked at the books and realised things were worse than expected , giving were worse than...
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Jul 26, 2024
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even the institute for fiscal studies has been warning of a £20 billion black hole for months on end.e narrative that this comes as a big surprise is a lie. and here's the bombshell proof. in an interview with the financial times on june the 16th, rachel reeves admitted that unlike previous incoming chancellors , previous incoming chancellors, she'd be unable to arrive at the treasury and claim she'd looked at the books and realised things were worse than expected , giving were worse than expected, giving a weak excuse for tax rises or spending cuts. in her own words, she said we've got the obr now. we know things are in a pretty bad state. you don't need an election to find out. so there we have it , a £20 election to find out. so there we have it, a £20 billion porkie pie. so much for promising no new tax workers on working people. >> we have been really clear that we're not raising income tax. national insurance or vat. all of our plans are fully funded and don't require tax rises over and above what we've already set out . already set out. >> so come the budget in october, labour
even the institute for fiscal studies has been warning of a £20 billion black hole for months on end.e narrative that this comes as a big surprise is a lie. and here's the bombshell proof. in an interview with the financial times on june the 16th, rachel reeves admitted that unlike previous incoming chancellors , previous incoming chancellors, she'd be unable to arrive at the treasury and claim she'd looked at the books and realised things were worse than expected , giving were worse than...
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Jul 20, 2024
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for fiscal studies, they said what has been budgeted is around 2%, so in line with inflation. says that would mean an extra £1 billion for teaching staff and double that for nhs workers. that becomes a problem in terms of where you get the money from because we know the chancellor rachel reeves has set herself tight financial rules, she not has a lot of wiggle room. we heard labour saying in the campaign that the public—sector finances are in a dire state, the public services are a state, the public services are a state so that would mean they don't want to take money from budget elsewhere. we also know the labour party doesn't want to increase taxes, it said quite strict rules on that, and also they have said they don't want to increase borrowing. so the question is going to be, where is this money going to come from? it is this money going to come from? it is going to be a difficult first decision in the first few weeks of the chancellor's numeral.- the chancellor's numeral. given those various _ the chancellor's numeral. given those various questions - the chancellor's nume
for fiscal studies, they said what has been budgeted is around 2%, so in line with inflation. says that would mean an extra £1 billion for teaching staff and double that for nhs workers. that becomes a problem in terms of where you get the money from because we know the chancellor rachel reeves has set herself tight financial rules, she not has a lot of wiggle room. we heard labour saying in the campaign that the public—sector finances are in a dire state, the public services are a state,...
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Jul 5, 2024
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and the think tanks, the health think tanks and the institute for fiscal studies all said during the money might be needed, as well as the efficiency, savings and productivity that should be addressed. and you've got this demographic pressure of more older patients with multiple conditions, a growing population, more demand for new medicines that has to be dealt with, and that means the nhs budget will rise in real terms each year. now all that labour committed to, and similarly with the conservatives was a real terms increase, but it's going to need more thanjust inflation and a little bit more. there's been talk of 30 or £40 billion a year more in real terms annually by the end of this parliament. so how do they get there will be one of the big questions for this labour government. yes. and just while we're talking as well, just a line lisa nandy becomes the new culture secretary appointed by keir starmer to culture. she was in the shadow cabinet of course international development. so a change in role for her. let's talk to daniel sandford and daniel, yvette cooper taking up the j
and the think tanks, the health think tanks and the institute for fiscal studies all said during the money might be needed, as well as the efficiency, savings and productivity that should be addressed. and you've got this demographic pressure of more older patients with multiple conditions, a growing population, more demand for new medicines that has to be dealt with, and that means the nhs budget will rise in real terms each year. now all that labour committed to, and similarly with the...
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Jul 26, 2024
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paul johnson from the incredibly neutral middle of the road institute for fiscal studies this morning sorry, all the numbers are in the public domain. there have been for months. rachel reeves is claiming there is a £20 billion black hole in the public finances. michelle, i've got news for you and for rachel reeves. it is far worse than that. reeves. it is far worse than that . the overall debt position that. the overall debt position of the uk is something like £7 trillion 7000 billion. she's just measuring what is the budget against the obr's forecast this year? this would be a bit like me worrying that i'd lost a pound coin behind the back of the sofa while i was 100 grand overdrawn at the bank. so she's talking about the pound coin she's lost behind the sofa. we are colossally overdrawn. pubuc we are colossally overdrawn. public spending is going to have to fall, and our politicians have got to admit it. and michelle, you ask about the tax rate. so i'm sure there'll be one. but i don't think they can raise any more in tax. we are taxing to the max already. >> but then do you conce
paul johnson from the incredibly neutral middle of the road institute for fiscal studies this morning sorry, all the numbers are in the public domain. there have been for months. rachel reeves is claiming there is a £20 billion black hole in the public finances. michelle, i've got news for you and for rachel reeves. it is far worse than that. reeves. it is far worse than that . the overall debt position that. the overall debt position of the uk is something like £7 trillion 7000 billion....
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Jul 20, 2024
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for fiscal studies, who said that at the moment what has been budgeted is around 2%, in line with inflationouble that for nhs workers. that becomes a bit of a problem in terms of where you get the money from, because of course we know the chancellor has set herself tight financial rules. she has not got a lot of wiggle room. we heard labour same throughout the campaign that public sector finances are in a dire state and public services are in a dire state, so that would mean you would think that they don't want to take money from budgets elsewhere. we also know the labour party doesn't want to increase taxes and has set quite strict rules on that. and also they have said they don't want to increase borrowing, so the question will be, where is this money going to come from? it will be a difficult first decision in the first few weeks of the chancellor's new role. given those various questions and dilemmas, what would be the logic for going so far above the inflation rate? this is obviously a recommendation from the independent pay review bodies. the government doesn't have a say on that. you
for fiscal studies, who said that at the moment what has been budgeted is around 2%, in line with inflationouble that for nhs workers. that becomes a bit of a problem in terms of where you get the money from, because of course we know the chancellor has set herself tight financial rules. she has not got a lot of wiggle room. we heard labour same throughout the campaign that public sector finances are in a dire state and public services are in a dire state, so that would mean you would think...
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Jul 17, 2024
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for fiscal studies. will raise a few billion but fundamentally the plan means, look at the first one in yellow. that is staying in the period 2024—25— 28-29. staying in the period 2024—25— 28—29. day—to—day public spending will rise by 1%. in the protected areas, that is nhs, defence, schools, aid and childcare, that will rise by 2%, although the iss reckons it will be about 2.9. but look at the final one in blue, the unprotected areas, brackets, everything else, that is due to go down by one in blue, the unprotected areas, brackets, everything else, thatis areas, brackets, everything else, that is due to go down by 1.9%. the ifa says it will be down by 3.5%. that is not great for a labour government and the only way they can get out of that is by growing the economy. get out of that is by growing the econom . , , get out of that is by growing the econom ., , , ., .., ., get out of that is by growing the econom ., , , ., ., ., economy. just before we came on air i s-oke to economy. just before we came on
for fiscal studies. will raise a few billion but fundamentally the plan means, look at the first one in yellow. that is staying in the period 2024—25— 28-29. staying in the period 2024—25— 28—29. day—to—day public spending will rise by 1%. in the protected areas, that is nhs, defence, schools, aid and childcare, that will rise by 2%, although the iss reckons it will be about 2.9. but look at the final one in blue, the unprotected areas, brackets, everything else, that is due to go...
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Jul 1, 2024
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the institute for fiscal studies have had a look at this independently and they are saying that debtand museums and theatres, a lot of people will be worried about increasing the country's debt mountain? ., about increasing the country's debt mountain? . ., , ., mountain? there are a number of independent _ mountain? there are a number of independent experts _ mountain? there are a number of independent experts who - mountain? there are a number of independent experts who have i independent experts who have analysed our manifesto. the first person the bbc quoted on that was university of warwick, which said our plans were economically credible. and indeed the institute for fiscal studies has said there is conspiracy of silence between labour and the conservatives, pretending that they are going to be able to put funding into the nhs, but not being willing to say where it will come from. the ifs has said of the next government is either going to need to cut public services or increase taxes. the green party is very clear that modest changes, increasing taxes modestly on those of the b
the institute for fiscal studies have had a look at this independently and they are saying that debtand museums and theatres, a lot of people will be worried about increasing the country's debt mountain? ., about increasing the country's debt mountain? . ., , ., mountain? there are a number of independent _ mountain? there are a number of independent experts _ mountain? there are a number of independent experts who - mountain? there are a number of independent experts who have i independent...
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Jul 29, 2024
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this is pauljohnson from the institute for fiscal studies.ing that if this problem is about £20 billion big, that that — problem is about £20 billion big, that that is exactly the scale of the national insurance cuts implemented byjeremy huntjust implemented by jeremy hunt just before _ implemented byjeremy huntjust before the election. if those cuts were _ before the election. if those cuts were implemented in the knowledge there was— were implemented in the knowledge there was this kind of hole, that is not good _ there was this kind of hole, that is not good policy to put it mildly. that _ not good policy to put it mildly. that was — not good policy to put it mildly. that was pauljohnson at the ifs, who says the £20 billion shortfall is what it cost to implement the national insurance cuts. the conservatives were not honest with the public about the state of the finances, were there? this i the public about the state of the finances, were there?— the public about the state of the finances, were there? as i said a moment ago _ finances, wer
this is pauljohnson from the institute for fiscal studies.ing that if this problem is about £20 billion big, that that — problem is about £20 billion big, that that is exactly the scale of the national insurance cuts implemented byjeremy huntjust implemented by jeremy hunt just before _ implemented byjeremy huntjust before the election. if those cuts were _ before the election. if those cuts were implemented in the knowledge there was— were implemented in the knowledge there was this kind...
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Jul 29, 2024
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so this is actually a revelation from rachel reeves, the institute for fiscal studies, which gave plentygs beforehand that there was a black hole in the economy. they're saying there's money there that they weren't aware of . there that they weren't aware of. so if you were trying to balance it up, it looks as if rachel reeves has found a black hole, not a pot of money, a black hole that did exist and they didn't know about beforehand . know about beforehand. >> your thoughts, alan? >> your thoughts, alan? >> well, i'm not sure what anybody thought would have happened. we have a situation where quantitative easing has been prolific since 2008, and then we've just gone through a penod then we've just gone through a period where the whole of the economy was shut down and a monetary for printing was given out. so we had not productive capacity lockdowns , which we capacity lockdowns, which we should say the current incumbent government cheered on. they were cheerleading cheerleaders of and champions and wanted them to go for longer, faster, harder. now, like tony blair blamed black wednesda
so this is actually a revelation from rachel reeves, the institute for fiscal studies, which gave plentygs beforehand that there was a black hole in the economy. they're saying there's money there that they weren't aware of . there that they weren't aware of. so if you were trying to balance it up, it looks as if rachel reeves has found a black hole, not a pot of money, a black hole that did exist and they didn't know about beforehand . know about beforehand. >> your thoughts, alan?...
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Jul 20, 2024
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pay increases in the public sector could cost around £10 billion, according to the institute for fiscalstudies. independent pay review bodies are reportedly set to recommend pay rises of 5.5% for teachers and nhs staff. schools and hospitals are unlikely to be able to meet the increase with their existing budgets without making cuts. it's thought to be more than the government had been preparing for, which could represent a significant challenge for rachel reeves first budget. the race is on to become the next leader of the conservative party, with two senior figures putting their weight behind tom tugendhat, steve baker and damian green lost their seats at the election, but they remain influential within the party and influential within the party and in a joint article published in the telegraph today, they warned that the tories mustn't be tempted to veer towards the hard right and should instead select a unifying figure to lead them back into government. former cabinet minister steve baker told gb news why he thinks tom tugendhat is the ideal candidate. >> you have to build a broad c
pay increases in the public sector could cost around £10 billion, according to the institute for fiscalstudies. independent pay review bodies are reportedly set to recommend pay rises of 5.5% for teachers and nhs staff. schools and hospitals are unlikely to be able to meet the increase with their existing budgets without making cuts. it's thought to be more than the government had been preparing for, which could represent a significant challenge for rachel reeves first budget. the race is on...
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and as the ifs, the institute for fiscal studies has pointed out this morning, you know, how are you going to pay for this. you've said you won't borrow borrow more outside of very strict fiscal rules. you've said you won't tax working people more and you don't want to be cutting government departments, because then that will seem like it's austerity 2.0. >> yeah, exactly. she's going to have to really sort of finely balance this decision. i mean, when we were on the plane with keir starmer going to the nato summit last week, i asked him about the issue of public sector pay- about the issue of public sector pay. are you going to give the unions what they want and he was very categorical. no. so the independent pay review body structure is helpful for the government in that it's not sort of unions that make the decisions. it's an independent body. and so they spend their time reporting. we know the outcome of, i think two out of the eight bodies for teachers and some nhs staff, there are still six more, but they're sort of around the 5.5% mark. now, as you say, labour had earmarked ab
and as the ifs, the institute for fiscal studies has pointed out this morning, you know, how are you going to pay for this. you've said you won't borrow borrow more outside of very strict fiscal rules. you've said you won't tax working people more and you don't want to be cutting government departments, because then that will seem like it's austerity 2.0. >> yeah, exactly. she's going to have to really sort of finely balance this decision. i mean, when we were on the plane with keir...
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Jul 28, 2024
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now, the ifs, the institute for fiscal studies, says it's not credible to say that because all of the public accounts are, by their definition, public. so how can she be saying that she's surprised by this black hole? you've known what's in the pubuc you've known what's in the public finances for years, haven't you? >> well, sadly, we didn't, because the conservative government were not open and transparent about what was going on.and transparent about what was going on. and we've come in now. well, didn't they an absolutely catastrophic show the accounts dunng catastrophic show the accounts during the last budget was the ifs and other bodies, including the obr, had to pore through them. >> so labour had access to the accounts. >> well, let me give you a i'll give you a i'll give you a couple of examples of, of how and what they covered up. so the rwanda gimmick, they, we believed going into the election because the government, the previous government was telling us that they had spent £400 million to send just four volunteers to rwanda. it turns out when yvette cooper is appointed ho
now, the ifs, the institute for fiscal studies, says it's not credible to say that because all of the public accounts are, by their definition, public. so how can she be saying that she's surprised by this black hole? you've known what's in the pubuc you've known what's in the public finances for years, haven't you? >> well, sadly, we didn't, because the conservative government were not open and transparent about what was going on.and transparent about what was going on. and we've come in...
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Jul 28, 2024
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the institute for fiscal studies have been raising this alarm for nine months in arrears. about this for a long time pre the election campaign. but all parties decided to conveniently ignore it during the election because you don't get elected off the back of promising massive tax rises. so it's not necessarily that just rachel reeves decided to play this down during the election. everyone did because they knew, regardless of who would win, this black hole would be there, and that we didn't know how we were going to pay for it. >> now, aubrey, i remember dunng >> now, aubrey, i remember during the election campaign, talking to shadow minister after shadow minister about the tax rises that they hadn't committed to, not implementing. if we can abide that sort of double negative this time in the afternoon. it's pretty clear we're going to see some significant tax rises that weren't in the manifesto . weren't in the manifesto. >> yeah, quite possibly. so obviously labour's been quite categorical in ruling out rises to national insurance to corporation tax , to general corporat
the institute for fiscal studies have been raising this alarm for nine months in arrears. about this for a long time pre the election campaign. but all parties decided to conveniently ignore it during the election because you don't get elected off the back of promising massive tax rises. so it's not necessarily that just rachel reeves decided to play this down during the election. everyone did because they knew, regardless of who would win, this black hole would be there, and that we didn't...
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the institute for fiscal studies predicted that would happen.oever won the election, it proved to be right. so it would seem. >> yeah. >> yeah. >> it's pretty bleak, isn't it? and we didn't get to talk to john about this, but front page of the times this morning is, this is about the care quality commission and essentially ministers have found that that's not fit for purpose. they're in charge of investigating and regulating hospitals, gp's and care homes in england. there are some hospitals that haven't had an inspection in ten years, are going to be talking to the health secretary about 20 minutes or so about that one. >> now, the duke of sussex has opened up about his late mother's experience with the tabloids during an itv documentary, prince harry also revealed that he wouldn't bring his wife meghan markle back to the uk over safety concerns . the uk over safety concerns. >> it's still dangerous and all it takes is one lone actor, one person who reads this stuff to act on what they have read and whether it's a knife or acid or whatever it i
the institute for fiscal studies predicted that would happen.oever won the election, it proved to be right. so it would seem. >> yeah. >> yeah. >> it's pretty bleak, isn't it? and we didn't get to talk to john about this, but front page of the times this morning is, this is about the care quality commission and essentially ministers have found that that's not fit for purpose. they're in charge of investigating and regulating hospitals, gp's and care homes in england. there are...
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Jul 29, 2024
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i mean, if you listen to someone like paul johnson from the institute for fiscal studies, who is reallyre was really bad. yeah, it's possible she might not have known some things, but it was really bad. and i can tell you that one of the things that was highlighted in the times today was the amount spent on asylum seeking hotels had truly shocked her. well, i'm telling you that i did some work inside those hotels for about two years. it's a departure from my normal work, but i was inside the tent and a child with a calculator and a spreadsheet could have worked out the amount that was being spent, >> but also this this argument that they didn't know that there was a problem with the finances. don't forget, the financial punst don't forget, the financial pundits were telling both parties as the election was going on. neither of you are being honest with the electorate because exactly, it wasn't just laboun because exactly, it wasn't just labour, but, you know, it's no good. it's no good. rachel reeves suddenly being shocked by what's in the i mean, i could have written her speech before
i mean, if you listen to someone like paul johnson from the institute for fiscal studies, who is reallyre was really bad. yeah, it's possible she might not have known some things, but it was really bad. and i can tell you that one of the things that was highlighted in the times today was the amount spent on asylum seeking hotels had truly shocked her. well, i'm telling you that i did some work inside those hotels for about two years. it's a departure from my normal work, but i was inside the...
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Jul 30, 2024
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the institute for fiscal studies, the independent institute, said that some of the things we announcedut we have to clear up this mess. we cannot leave on site at £22 billion black hole in ourfinances. we saw what happened when the previous prime minister, liz truss, left a hole in our finances. mortgage rates went through the roof. it caused huge anxiety and distress for working families and pensioners up and down the country. i“m pensioners up and down the country. i'm not going to make those same mistakes. i am clearing up the mess that was left. that does involve difficult decisions but government involves difficult decisions and i'm determined to put our public finances and our public services on a firmer footing after the chaos and a firmer footing after the chaos and a responsibility that the previous government presided over. chancellor rachel reeves. _ government presided over. chancellor rachel reeves, good _ government presided over. chancellor rachel reeves, good to _ government presided over. chancellor rachel reeves, good to talk _ government presided over. chancellor rac
the institute for fiscal studies, the independent institute, said that some of the things we announcedut we have to clear up this mess. we cannot leave on site at £22 billion black hole in ourfinances. we saw what happened when the previous prime minister, liz truss, left a hole in our finances. mortgage rates went through the roof. it caused huge anxiety and distress for working families and pensioners up and down the country. i“m pensioners up and down the country. i'm not going to make...
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Jul 5, 2024
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— house think tanks and institute for fiscal studies said not none of the parties. _ fiscal studies saids, which has to be dealt with, and that means the nhs budget will rise _ with, and that means the nhs budget will rise in_ with, and that means the nhs budget will rise in real terms each year. all that — will rise in real terms each year. all that labour committed to and similar— all that labour committed to and similar the conservative was the real terms— similar the conservative was the real terms increase, but he needs more _ real terms increase, but he needs more than — real terms increase, but he needs more thanjust inflation real terms increase, but he needs more than just inflation and real terms increase, but he needs more thanjust inflation and a bit more, there is talk of 30 or £40 billion— more, there is talk of 30 or £40 billion a — more, there is talk of 30 or £40 billion a year more in real terms annually— billion a year more in real terms annually by— billion a year more in real terms annually by the end of this parliament, so how they get there would _ parliament, so h
— house think tanks and institute for fiscal studies said not none of the parties. _ fiscal studies saids, which has to be dealt with, and that means the nhs budget will rise _ with, and that means the nhs budget will rise in_ with, and that means the nhs budget will rise in real terms each year. all that — will rise in real terms each year. all that labour committed to and similar— all that labour committed to and similar the conservative was the real terms— similar the conservative...
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now, i think we can all listen to paul johnson, the ifs, the head of the institute for fiscal studies>> they crunch the numbers. >> that's right. it's the numbers that count. and actually, it will only be keir starmer or rishi sunak. and each one of them would have really , one of them would have really, really severe problems. >> taxes will go up under both regimes, either one. >> and i think i think the problem either. i think the problem either. i think the problem also is an all parties do this. and i can say this because i'm not standing is you completely overpromise, and everybody does it . and that's everybody does it. and that's what that's what got people actually, because people are actually, because people are actually quite disillusioned with politics because, you know , with politics because, you know, labour on 38% is good. but it's not labour. >> it's done the opposite. >> it's done the opposite. >> but hang on, it comes down to the members of the public. you tell the members of the public, okay, you can have this service, but we're going to hike prices a little bit. we
now, i think we can all listen to paul johnson, the ifs, the head of the institute for fiscal studies>> they crunch the numbers. >> that's right. it's the numbers that count. and actually, it will only be keir starmer or rishi sunak. and each one of them would have really , one of them would have really, really severe problems. >> taxes will go up under both regimes, either one. >> and i think i think the problem either. i think the problem either. i think the problem...
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Jul 22, 2024
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well, the institute for fiscal studies estimated that a 5.5% increase across all public sector professionsost us about £10 billion. and chancellor rachel reeves is hinting that she will do this moment. >> we are looking at those pay review body recommendations, doing the analysis, and we will work with public sector workers on that . but we also know that on that. but we also know that there is a cost to not settling a cost of further industrial action, a cost in terms of the challenge that we face in recruiting and retaining doctors and nurses and teachers as well. >> but this idea that labour didn't know what financial position the country was in, or that the tories have left us in the worst state since the war, are being rubbish now by ex chancellor jeremy are being rubbish now by ex chancellorjeremy hunt. chancellor jeremy hunt. >> but chancellorjeremy hunt. >> but what is absolute nonsense is this business of the worst economic inheritance since the second world war. i mean, you only need to look at the last time a government changed hands between parties in 2010. compared to then, in
well, the institute for fiscal studies estimated that a 5.5% increase across all public sector professionsost us about £10 billion. and chancellor rachel reeves is hinting that she will do this moment. >> we are looking at those pay review body recommendations, doing the analysis, and we will work with public sector workers on that . but we also know that on that. but we also know that there is a cost to not settling a cost of further industrial action, a cost in terms of the challenge...
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i mean, if you listen to someone like paul johnson from the institute for fiscal studies, who is really was really bad. yeah, it's possible she might not have known some things, but it was really bad. and i can tell you that one of the things that was highlighted in the times today was the amount spent on asylum seeking hotels had truly shocked her. well, i'm telling you that i did some work inside those hotels for about two years. it's a departure from my normal work, but i was inside the tent and a child with a calculator and a spreadsheet could have worked out the amount that was being spent, >> but also this this argument that they didn't know that there was a problem with the finances. don't forget, the financial punst don't forget, the financial pundits were telling both parties as the election was going on. neither of you are being honest with the electorate because exactly, it wasn't just laboun because exactly, it wasn't just labour, but, you know, it's no good. it's no good. rachel reeves suddenly being shocked by what's in the i mean, i could have written her speech before th
i mean, if you listen to someone like paul johnson from the institute for fiscal studies, who is really was really bad. yeah, it's possible she might not have known some things, but it was really bad. and i can tell you that one of the things that was highlighted in the times today was the amount spent on asylum seeking hotels had truly shocked her. well, i'm telling you that i did some work inside those hotels for about two years. it's a departure from my normal work, but i was inside the tent...