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Apr 18, 2024
04/24
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BBCNEWS
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she says that andrew bailey should have been fired, should have disbanded the obr. what do you say to that message, and her message? well, i think she is the first to say that mistakes were made in that period. i do support an independent bank of england, i do support an independent office for budget responsibility. and all i would say is that some very difficult decisions were taken in that period and they are now bearing fruit. and i think when it comes to the thing that she talks about most, which is the need to grow the economy, what the imf are saying this week, namely that the uk will grow faster than in france, italy, germany, japan, that our strengths in artificial intelligence and our tech industry if the uk particular advantages, those are reasons why we can be very confident about the future. hello from the bbc sport centre. let's start with the news in the last half hour that fa cup replays will be scrapped from the first round onwards from next season. all rounds of the competition will also be played on weekends, including the fifth round which has bee
she says that andrew bailey should have been fired, should have disbanded the obr. what do you say to that message, and her message? well, i think she is the first to say that mistakes were made in that period. i do support an independent bank of england, i do support an independent office for budget responsibility. and all i would say is that some very difficult decisions were taken in that period and they are now bearing fruit. and i think when it comes to the thing that she talks about most,...
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Apr 17, 2024
04/24
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it wasn't that anyone else, it wasn't that the bank of england the obr could just england and the obr could just go and press a button and the market collapse . market would collapse. >> well, the obr made up some figures that turned out to be completely wrong. the obr is completely wrong. and the obr is useless . useless. >> e put that >> she never put that mini—budget of the came mini—budget in front of the came up with figures a couple of weeks later saying it 70 weeks later saying it was 70 billion something, billion or something, but she never her problem. never cast us her problem. you're generous, would say you're generous, you would say the malevolent, but it the obr isn't malevolent, but it is . but you don't is incompetent. but you don't ignore expect ignore it. you don't expect consequences. that's what happened. anyway. my favourite part is when the part of the book is when the dear queen died and liz truss, who's so unaware , she just says, who's so unaware, she just says, why did it happen to me ? why did why did it happen to me? why did it happen to me? now the quee
it wasn't that anyone else, it wasn't that the bank of england the obr could just england and the obr could just go and press a button and the market collapse . market would collapse. >> well, the obr made up some figures that turned out to be completely wrong. the obr is completely wrong. and the obr is useless . useless. >> e put that >> she never put that mini—budget of the came mini—budget in front of the came up with figures a couple of weeks later saying it 70 weeks...
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Apr 16, 2024
04/24
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it wasn't that anyone else, it wasn't that the bank of england the obr could just england and the obr could just go and press a button and the market collapse . market would collapse. >> well, the obr made up some figures that turned out to be completely wrong. the obr is completely wrong. and the obr is useless . useless. >> e put that >> she never put that mini—budget of the came mini—budget in front of the came up with figures a couple of weeks later saying it 70 weeks later saying it was 70 billion something, billion or something, but she never her problem. never cast us her problem. you're generous, would say you're generous, you would say the malevolent, but it the obr isn't malevolent, but it is . but you don't is incompetent. but you don't ignore expect ignore it. you don't expect consequences. that's what happened. anyway. my favourite part is when the part of the book is when the dear queen died and liz truss, who's so unaware , she just says, who's so unaware, she just says, why did it happen to me ? why did why did it happen to me? why did it happen to me? now the quee
it wasn't that anyone else, it wasn't that the bank of england the obr could just england and the obr could just go and press a button and the market collapse . market would collapse. >> well, the obr made up some figures that turned out to be completely wrong. the obr is completely wrong. and the obr is useless . useless. >> e put that >> she never put that mini—budget of the came mini—budget in front of the came up with figures a couple of weeks later saying it 70 weeks...
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Apr 1, 2024
04/24
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that is what the plans in the obr's current forecast contain, for day-to-day spending. mr. betts: but in those forecasts, prime minister, dluhc is not a protected department, therefore it is forecast to have no increase at all in its spending over the next parliament. that is the current forecast, isn't it? the prime minister: all i can say is that the spending review has not been done. the only number that exists is an overall spending envelope for what is called rdel, the day-to-day government spending on public services. as i said, that is forecast to grow just over 2.5% in cash terms -- 1% in real terms -- over the forecast period. how that is divvied up between different departments is the work of a spending review. i always come here, we have these debates, and it is completely reasonable for everyone to say that in their individual area they would like more money to be spent on their particular interest, and i am sure we will hear that from many colleagues, as the chair pointed out at the beginning, but i think it is incumbent on colleagues to explain which departmen
that is what the plans in the obr's current forecast contain, for day-to-day spending. mr. betts: but in those forecasts, prime minister, dluhc is not a protected department, therefore it is forecast to have no increase at all in its spending over the next parliament. that is the current forecast, isn't it? the prime minister: all i can say is that the spending review has not been done. the only number that exists is an overall spending envelope for what is called rdel, the day-to-day...
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Apr 30, 2024
04/24
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the obr told us that a few months ago. you'll have probably read their report. it'll cost twice as much to stick with fossil fuels as it will to transition to green energy. and the idea that we have central planning and prices dictated by the government is also untrue. >> well, as you know perfectly well , green >> well, as you know perfectly well, green energy is more expensive because currently it has to have hydrocarbon energy on standby and that means you have the capital cost of the, carbon fuels to be ready and you have to have the extra cost of starting up and running down the power station, run on gas, which is much more expensive. >> there's a huge cost created by green energy. >> well, i dispute the conclusion that because of that, green energy is more expensive than fossil fuels. >> so where do you attribute the cost of that then? >> the cost is in the grid. it's real. it's not as big as it's made out to be, but it does not make the cost of renewable energy more than the cost of fossil fuels. the cheapest forms of energy we have available to us now ar
the obr told us that a few months ago. you'll have probably read their report. it'll cost twice as much to stick with fossil fuels as it will to transition to green energy. and the idea that we have central planning and prices dictated by the government is also untrue. >> well, as you know perfectly well , green >> well, as you know perfectly well, green energy is more expensive because currently it has to have hydrocarbon energy on standby and that means you have the capital cost...
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Apr 13, 2024
04/24
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. >> do you know what the obr actually predict? that 350,000 people will be coming to people will be coming net to this country in jeremy, out of jeremy hunt's budget. so i think that just goes to show double it. that's all a massive it. i think that's all a massive stitch up with the but of course the rest of it. >> this is the office for budget responsibility that assesses what consequences might be responsibility that assesses wibudgets>nsequences might be responsibility that assesses wibudgets and quences might be responsibility that assesses wibudgets and quence set ight be responsibility that assesses wibudgets and quence set upt be responsibility that assesses wibudgets and quence set up bye of budgets and it was set up by george so i think if george osborne. so i think if liz truss had a problem with that, she might want to ask her colleagues at the lviv as albie of the last 14 years. >> yes. the chancellor that cut taxes and reduce the size the taxes and reduce the size of the state, able to do. wasn't able to do. >> okay
. >> do you know what the obr actually predict? that 350,000 people will be coming to people will be coming net to this country in jeremy, out of jeremy hunt's budget. so i think that just goes to show double it. that's all a massive it. i think that's all a massive stitch up with the but of course the rest of it. >> this is the office for budget responsibility that assesses what consequences might be responsibility that assesses wibudgets>nsequences might be responsibility that...
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Apr 16, 2024
04/24
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i can't help thinking that from the imf to the obr, the treasury to everybody, bank of england is almost as if there was a globalist agenda that said do not cut the size of government and do not cut taxes . and do not cut taxes. >> well, i think that you have to look at some of the things liz said. it was very clear that she had obviously had some conversations before she came, became pm. but i think it's all about markets here. it's all about markets here. it's all about understanding markets and what actually fundamentally went wrong at the time of execution was, i believe the bank of england didn't actually understand the market to the extent it should . our markets extent it should. our markets are hugely powerful and the whole events surrounding that. the debacle following the budget prove that she referred to these liability driven investments very complicated instruments. i wonder whether the bank properly understood what the impact would be if she did the sort of thing she proposed to do in the budget. but i also think that the words that she repeated at the words that she repeat
i can't help thinking that from the imf to the obr, the treasury to everybody, bank of england is almost as if there was a globalist agenda that said do not cut the size of government and do not cut taxes . and do not cut taxes. >> well, i think that you have to look at some of the things liz said. it was very clear that she had obviously had some conversations before she came, became pm. but i think it's all about markets here. it's all about markets here. it's all about understanding...
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Apr 24, 2024
04/24
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and first of all, if the obr can't even get it right three weeks before the financial year end, what is its point? >> yes. this is i mean, it's infuriating. jacob isn't it? i understand that we're in sort of search of the truth when it comes to the so—called science of economics. it's wonderful to believe that you can get things to the last decimal point and know exactly how much tax revenue you're going to have, or what the deficit looks like. you can't . it's more or less can't. it's more or less sticking your finger in the air. and unfortunately , these sort of and unfortunately, these sort of forecasts have become binding on the government. we're almost in a position in which the chancellor of the exchequer is told by these people on spreadsheets how much pocket money he's got to spend , and money he's got to spend, and this might well make it difficult for jeremy hunt to cut taxes in future, because the debate that we have is around these numbers as if they're sort of, you know, tablets from god rather than guesses, though actually, that's quite a good defence of the abr that
and first of all, if the obr can't even get it right three weeks before the financial year end, what is its point? >> yes. this is i mean, it's infuriating. jacob isn't it? i understand that we're in sort of search of the truth when it comes to the so—called science of economics. it's wonderful to believe that you can get things to the last decimal point and know exactly how much tax revenue you're going to have, or what the deficit looks like. you can't . it's more or less can't. it's...
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Apr 16, 2024
04/24
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, which as i said, takes a view. >> you're sounding you're sounding like liz truss, the obr takes a view which is very opposed to lower migration. so what how does the next election look as a as a sitting conservative member of parliament? is it going to be a bad night or a total catastrophe ? >> 7- >> listen, 7 >> listen, nigel, i've been very open about my profound concerns about the way the party is heading, and i've been very clear that the prime minister needs to change course. any poll that you look at, every day now suggests that we're heading for electoral defeat . and i am electoral defeat. and i am horrified, personally, by the prospect of a keir starmer government. he's someone who would reverse brexit. he's someone who campaigned for a second. >> are you saying constitutionally he'd reverse brexit by rejoining the eu? >> listen, i would not rule it out because he's someone who campaigned a second campaigned for a second referendum and all the indications from his shadow cabinet indeed and cabinet and indeed himself and his unguarded moments, that his unguarded moments, so tha
, which as i said, takes a view. >> you're sounding you're sounding like liz truss, the obr takes a view which is very opposed to lower migration. so what how does the next election look as a as a sitting conservative member of parliament? is it going to be a bad night or a total catastrophe ? >> 7- >> listen, 7 >> listen, nigel, i've been very open about my profound concerns about the way the party is heading, and i've been very clear that the prime minister needs to...
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Apr 23, 2024
04/24
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and first of all, if the obr can't even get it right three weeks before the financial year end, what is its point? >> yes. this is i mean, it's infuriating. jacob isn't it? i understand that we're in sort of search of the truth when it comes to the so—called science of economics. it's wonderful to believe that you can get things to the last decimal point and know exactly how much tax revenue you're going to have, or what the deficit looks like. you can't . it's more or less can't. it's more or less sticking your finger in the air. and unfortunately , these sort of and unfortunately, these sort of forecasts have become binding on the government. we're almost in a position in which the chancellor of the exchequer is told by these people on spreadsheets how much pocket money he's got to spend , and money he's got to spend, and this might well make it difficult for jeremy hunt to cut taxes in future, because the debate that we have is around these numbers as if they're sort of, you know, tablets from god rather than guesses, though actually, that's quite a good defence of the abr that
and first of all, if the obr can't even get it right three weeks before the financial year end, what is its point? >> yes. this is i mean, it's infuriating. jacob isn't it? i understand that we're in sort of search of the truth when it comes to the so—called science of economics. it's wonderful to believe that you can get things to the last decimal point and know exactly how much tax revenue you're going to have, or what the deficit looks like. you can't . it's more or less can't. it's...
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Apr 16, 2024
04/24
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the obr, the supreme court she talked about is a very popular idea in westminster. liz truss calls that the deep state, and she says that we need to basically scrap it all. she said that britain should, scrap the obr, scrap the supreme court, get out of the european court of human rights. now, those ideas will probably go down pretty well among certain conservative mps and also among certain conservative voters. 50% of 2019 conservative voters. 50% of 2019 conservative voters. 50% of 2019 conservative voters would like to leave the echr. of course, liz truss herself is a pretty unpopular character in westminster. even those who agree with her, agreed with her sort of tax cutting, massive tax cutting budget thought that she did it a bit too quickly and ended up upsetting the market. so i think it's unlikely that this that this book and this interview will sort of participate in a comeback for liz but she is trying to liz truss. but she is trying to restore it restore her reputation and it will to see where will be fascinating to see where she here. will be fascinatin
the obr, the supreme court she talked about is a very popular idea in westminster. liz truss calls that the deep state, and she says that we need to basically scrap it all. she said that britain should, scrap the obr, scrap the supreme court, get out of the european court of human rights. now, those ideas will probably go down pretty well among certain conservative mps and also among certain conservative voters. 50% of 2019 conservative voters. 50% of 2019 conservative voters. 50% of 2019...
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Apr 9, 2024
04/24
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FOXNEWSW
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obr obrador. which is a problem. >> steve: president biden racing to enact student loan handout ahead of the november election. >> brian: president biden cancelled student debt for four million americans. we're on the hook for it. >> lawrence: peter doocy live at the white house. >> peter: president biden having a tough time winning independent owners on the economy and border and trying to see if political fortune improves if he forgives more federal student loan debts. so far, 146 billion cancelled for friksz million and wants to cancel interest payments. that kind of government spending could cause interest rates to rise above 8% and could endanger soft landing for the economy according to jamie diamond. . officials think the idea some americans may want to give trump another shot here is a joke. >> some people try to pedal a story for of nostalgia for something that was not true. last president kept talking about an infrastructure that never delivered. i don't know what to say. >> peter: presi
obr obrador. which is a problem. >> steve: president biden racing to enact student loan handout ahead of the november election. >> brian: president biden cancelled student debt for four million americans. we're on the hook for it. >> lawrence: peter doocy live at the white house. >> peter: president biden having a tough time winning independent owners on the economy and border and trying to see if political fortune improves if he forgives more federal student loan debts....
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Apr 18, 2024
04/24
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MSNBCW
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looking, finds obre. lays it out and in, and he got hit as well. chance for three-point play. >> reining nba mvp joel embiid assisting late in fourth quarter matchup. the sixers hold off the heat earning the seventh seed in the eastern conference playoffs and a first round series against the new york knicks. the heat will get another shot at the post-season spot but might need to take it without jimmy butler sustaining a possible mcl injury to his right knee during the first quarter. butler says he's going to undergo an mri today. miami will determine the east eighth and final spot after chicago knocked out the atlanta hawks last night, a career high 42 points scored by kobe white lifted the bulls to victory. meanwhile the nba has issued a lifetime ban against the toronto raptors jontay porter. a league investigation opened late last mount reveals wagers on games passed on confidential information to sports betters and claimed influences to wager. porter is the second person to be banned by commissioner adam silver for breaking league rules. the ot
looking, finds obre. lays it out and in, and he got hit as well. chance for three-point play. >> reining nba mvp joel embiid assisting late in fourth quarter matchup. the sixers hold off the heat earning the seventh seed in the eastern conference playoffs and a first round series against the new york knicks. the heat will get another shot at the post-season spot but might need to take it without jimmy butler sustaining a possible mcl injury to his right knee during the first quarter....
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Apr 14, 2024
04/24
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and if you look at the obr say they're obr forecasts, they say they're going be tens of billions going to be tens of billions more come they more losses to come and they could another 40 billion could lose another 40 billion this for example. well, this year, for example. well, again, not my spending again, it's not my spending priority that we spend 40 billion on subsidising the banks. so my message to the bank and government is stop and the government is stop selling bonds. and that selling the bonds. and that would quite bit would cut the losses quite a bit . and look at what the european central is doing. they made central bank is doing. they made the same error qe central bank is doing. they made the same error oe and the same error with oe and inflation of england inflation that bank of england did. correcting it did. they're not correcting it in the way. they're not in the same way. they're not selling bonds in market. selling any bonds in the market. they when they they let them run off when they mature. are much less mature. the losses are much less and out a and they're sprea
and if you look at the obr say they're obr forecasts, they say they're going be tens of billions going to be tens of billions more come they more losses to come and they could another 40 billion could lose another 40 billion this for example. well, this year, for example. well, again, not my spending again, it's not my spending priority that we spend 40 billion on subsidising the banks. so my message to the bank and government is stop and the government is stop selling bonds. and that selling...
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Apr 14, 2024
04/24
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or the obr england to account. or the obr policy is made their policy is made on their decisions a lot of the time. >> but she didn't consult them. >> but she didn't consult them. >> did she know she had no. i also have to question the advisers, say regularly on advisers, and i say regularly on here, believe our mps are here, i believe our mps are advised by some of the worst people out there. they're clueless . clueless. >> do you think, matthew lawson? >> do you think, matthew lawson? >> well, i when i was doing it too, you were a former adviser. >> i'll come to you. >> i'll come to you. >> i know adam wouldn't tell me that, but, the look, i think that, but, the look, i think that you're right, to the extent that you're right, to the extent that i think that the tory establishment wanted liz establishment never wanted liz truss. think they wanted truss. no, i think they wanted rishi, more in line. rishi, who is much more in line. and obviously, bringing cameron back that, you know, his back proves that, you know,
or the obr england to account. or the obr policy is made their policy is made on their decisions a lot of the time. >> but she didn't consult them. >> but she didn't consult them. >> did she know she had no. i also have to question the advisers, say regularly on advisers, and i say regularly on here, believe our mps are here, i believe our mps are advised by some of the worst people out there. they're clueless . clueless. >> do you think, matthew lawson? >> do you...
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Apr 17, 2024
04/24
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and, you know, the bank england and the obr. the bank of england and the obr. i argue, are i would now argue, are as influential not more influential if not more influential if not more influential than our chancellor of the exchequer. now, if you want to elect richard hughes, chancellor of the exchequer, be my guest. but in the absence of that, should not be that, jeremy hunt should not be hemmed that, jeremy hunt should not be hemmegoing bring out him in >> i'm going to bring out him in on because, you know, look, on this because, you know, look, you're you're the voter. you're the punter, the you're the punter, right? and are heard and you probably are not heard of these people . you do of half of these people. you do you do elect people. you elect them to try get things them to try and get things through parliament. get through parliament. they get those parliament. those things through parliament. you are you assume those things are going and it appears going to happen, and it appears as there's people behind going to happen, and it appears as scenesthere'
and, you know, the bank england and the obr. the bank of england and the obr. i argue, are i would now argue, are as influential not more influential if not more influential if not more influential than our chancellor of the exchequer. now, if you want to elect richard hughes, chancellor of the exchequer, be my guest. but in the absence of that, should not be that, jeremy hunt should not be hemmed that, jeremy hunt should not be hemmegoing bring out him in >> i'm going to bring out him in...
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Apr 22, 2024
04/24
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NTV
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talk to the head of the prison, i’ll tell you right away, you you see how doli is catching up with the obr who has strayed from the herd, her long wool is fluttering in the wind, that’s not true, then tell me who won there. what's in the box? still mysterious . what's the news? none? why did you come then? miss you, miss you? what is it? surprise? well, return the microscope, i have blood there. your blood won’t wait, but what about romance, some surprises, you can’t leave your work for a minute, okay, what kind of surprise is this, well, it’s not interesting, it’s very interesting, how does it open? why a coffee maker? is today international coffee day? no, well, surprise, completely spontaneously, i just decided to please you, you say spontaneously, here the price was changed several times, there are no guarantees, and a receipt. well, don’t be upset, leonidov, perhaps someday you will understand, as i understand it, you can take the coffee maker, but no, leave it, we will brew coffee, bye, this is a star show, the second stage of dueri, miguel, work permit , we have it, i’
talk to the head of the prison, i’ll tell you right away, you you see how doli is catching up with the obr who has strayed from the herd, her long wool is fluttering in the wind, that’s not true, then tell me who won there. what's in the box? still mysterious . what's the news? none? why did you come then? miss you, miss you? what is it? surprise? well, return the microscope, i have blood there. your blood won’t wait, but what about romance, some surprises, you can’t leave your work for...
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Apr 28, 2024
04/24
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GBN
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proper forecasts, because remember all these forecasts from the ons, these forecasts from the ons, the obr have been terrible at predicting the future of immigration. yeah. >> well, the only real trade offs hundred thousand legal migrants is baked into the system. when you talk about too high, of course it's too high. but at the same time we've had successive governments, tories included, failing to do anything. i mean, this rise started with blair. you give an extraordinary number here than 25 years up to blair being in power. there were 68,000 net migration. the 25 years subsequently, we had 5.89. so that's 100 times as many legal migrants coming into the country. >> and these are extreme levels . >> and these are extreme levels. yes. and i think, as you're saying, a lot of politicians and the media in westminster are desensitised to what's happening. i don't think the pubuc happening. i don't think the public are. i think the public are extremely concerned and they want politicians to finally do something. what do you mean about britain being a grammar school? >> you're talking about qu
proper forecasts, because remember all these forecasts from the ons, these forecasts from the ons, the obr have been terrible at predicting the future of immigration. yeah. >> well, the only real trade offs hundred thousand legal migrants is baked into the system. when you talk about too high, of course it's too high. but at the same time we've had successive governments, tories included, failing to do anything. i mean, this rise started with blair. you give an extraordinary number here...
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actually people that decide obr. actually people that decide sentencing policy are the sentencing council . actually, in sentencing council. actually, in just about every corner of government policy, there's some arm's length body that's deciding everything. and the politicians we elect sit there helpless. >> some conservatives oh , >> some conservatives say, oh, there needs to be a march back through institutions . that's through the institutions. that's what they say. anyway, coming up, a funeral directors in hull is under investigation. one man is under investigation. one man is accusing them of giving him the wrong ashes. this is quite incredible. we're going to bring you the very latest after this short break. all right. it's 226. you're watching and listening to good afternoon, britain. now there is shortly. there is due to be a press conference about the investigation into legacy funeral . funeral directors. >> yeah. this is an extraordinary story. last month, police arrested two people, removed 35 bodies from
actually people that decide obr. actually people that decide sentencing policy are the sentencing council . actually, in sentencing council. actually, in just about every corner of government policy, there's some arm's length body that's deciding everything. and the politicians we elect sit there helpless. >> some conservatives oh , >> some conservatives say, oh, there needs to be a march back through institutions . that's through the institutions. that's what they say. anyway,...
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Apr 25, 2024
04/24
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GBN
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>> yeah, it's fully costed because the figures have been released, if you look at the obr forecasts and the way in which the money will be found, to 2030, i think it's pretty clear from the documents that came out . but it's conservative fiscal pragmatism that currently is resulting in inflation falling interest rates will fall, mortgage rates will fall. costs are thankfully coming down in many areas. and of course, the economy will grow and continue to grow and therefore it's imperative that we use the, the benefit that we derive from increased income , from higher increased income, from higher wages, from higher taxation , wages, from higher taxation, which is a function of a improving economy to invest where we need to. >> so with respect, james, then bill is right. you're going to tax us more so that we can boost our defence more. is that just the truth of it ? the truth of it? >> no, not at all. i mean, taxes will ultimately come down. but don't forget the take for the treasury will go up with an improving economy. that's the point i'm making. and it is imperative right now , if yo
>> yeah, it's fully costed because the figures have been released, if you look at the obr forecasts and the way in which the money will be found, to 2030, i think it's pretty clear from the documents that came out . but it's conservative fiscal pragmatism that currently is resulting in inflation falling interest rates will fall, mortgage rates will fall. costs are thankfully coming down in many areas. and of course, the economy will grow and continue to grow and therefore it's imperative...
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Apr 17, 2024
04/24
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you should look at the obr, who our most recent obr, who said of our most recent budget was deflationary budget that it was deflationary for year. you know, is for this year. you know, this is something that does something that really does require of england and require the bank of england and the working together. the government working together. and we've that, and because we've done that, because working , the because the plan is working, the economy is now turning a corner. >> well, if you want to quote the imf , they've downgraded the imf, they've downgraded their for the their growth forecast for the united that part of united kingdom. is that part of the and is rising the plan and is rising unemployment of the plan? unemployment part of the plan? and is it economic inactivity part of the plan? 1 in 5 british people not contributing to the economy . economy. >> high interest rates do have an impact on growth that is why it's so important that we get inflation down and open the door for those interest rates to fall. we all countries pretty much across the board have been downgraded
you should look at the obr, who our most recent obr, who said of our most recent budget was deflationary budget that it was deflationary for year. you know, is for this year. you know, this is something that does something that really does require of england and require the bank of england and the working together. the government working together. and we've that, and because we've done that, because working , the because the plan is working, the economy is now turning a corner. >> well,...
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Apr 18, 2024
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and, you know, the bank of england and the obr. i argue, are i would now argue, are as influential more influential if not more influential if not more influential than our chancellor of the exchequer. now, if you want to elect richard hughes, chancellor of the exchequer, be my guest. but in the absence of that, should not be that, jeremy hunt should not be hemmed that, jeremy hunt should not be heri'm d that, jeremy hunt should not be heri'm going bring out him in >> i'm going to bring out him in on because, you know, look, on this because, you know, look, you're you're the voter. you're the right? the you're the punter, right? and are heard the you're the punter, right? an half are heard the you're the punter, right? an half of are heard the you're the punter, right? an half of these are heard the you're the punter, right? anhalf of these people heard the you're the punter, right? anhalf of these people . heard the you're the punter, right? an half of these people . youird the you're the punter, right? anhalf of these people . yo
and, you know, the bank of england and the obr. i argue, are i would now argue, are as influential more influential if not more influential if not more influential than our chancellor of the exchequer. now, if you want to elect richard hughes, chancellor of the exchequer, be my guest. but in the absence of that, should not be that, jeremy hunt should not be hemmed that, jeremy hunt should not be heri'm d that, jeremy hunt should not be heri'm going bring out him in >> i'm going to bring...
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. >> unless we do things like scrap the obr and pull out of the european convention of human rights, then actually fiscal policy is never going to be conservative immigration policy is going to be nearly impossible for any government to administer. >> so we need huge institutional reform. >> that's our pitch. who is going to step up to that plate? >> well, we've just heard your earlier discussion. >> fascinating. priti patel is definitely the people definitely one of the people mentioned , rees—mogg mentioned, jacob rees—mogg conceivably as well. but there could sundry others. and in could be sundry others. and in terms of the personality, martin, the question i said i wouldn't answer, i would just say as a betting man, the say this as a betting man, the person who goes on to lead the conservative party is usually a 50 to 1 shot or longer a year before they become tory leader. >> in fact, as a political nerd myself, i was not so long ago rewatching the october 1974 general election coverage . general election coverage. >> margaret thatcher was 50 to 1 to be the next conservative
. >> unless we do things like scrap the obr and pull out of the european convention of human rights, then actually fiscal policy is never going to be conservative immigration policy is going to be nearly impossible for any government to administer. >> so we need huge institutional reform. >> that's our pitch. who is going to step up to that plate? >> well, we've just heard your earlier discussion. >> fascinating. priti patel is definitely the people definitely one...
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so it's partly about the kind of forecast, what the obr says that's taken into account when they kind of work these things out. but it's also about what ministers, you know, don't really know in terms of financial forecasts. so they try and build a bit of headroom here. but often it's very difficult to kind of, as you say, stephen, you know, given we've seen the past five years for things like the pandemic, for things like the pandemic, for instance, these forecasts are often not particularly accurate. >> what do you make of rishi sunak this week in berlin with olaf scholz? i thought it was quite interesting. yeah. him being very statesmanlike. >> yeah. i mean we're talking about party politics here. but you know, this all comes in the same week that ukraine, for instance, approved £49 billion worth of aid to ukraine and from america . sorry. so the us america. sorry. so the us finally passed that big package of support for taiwan , for of support for taiwan, for ukraine and also for israel. and i think this comes in the context of increased international spending. and i know uk gove
so it's partly about the kind of forecast, what the obr says that's taken into account when they kind of work these things out. but it's also about what ministers, you know, don't really know in terms of financial forecasts. so they try and build a bit of headroom here. but often it's very difficult to kind of, as you say, stephen, you know, given we've seen the past five years for things like the pandemic, for things like the pandemic, for instance, these forecasts are often not particularly...