you don'tjust build a tram, about. you don'tjust build a tram, you don'tjust invest in hard, difficult infrastructure and get a return. so i'm very confident that borrowing to invest in that backs up by tax rises can generate growth, i'm not confident we'll see that in the next five years and indeed in the next five years and indeed in the obr's response they said that, not there for the next five years. helen, on that point, we were pretty ruined by the chancellor this would be a budget full of difficult decision, we've seen that tax bill go decision, we've seen that tax bill 9° up decision, we've seen that tax bill 9° up by decision, we've seen that tax bill go up by a significant amount. the idea being we get the sense that if you get some short—term pain now ultimately the game will be there. as some things, do you think that's realistic anytime soon, and a sector like yours which has seen how the struggle of the economy has had an impact. i struggle of the economy has had an im act. . , �* , struggle of the economy has had an imact. �*, ., impact. i was delighted it's not austerity. _ impact. i was delighted it's not austerity. but _ impact. i was delighted it's not austerity, but we've _ impact. i was delighted it's not austerity, but we've had - impact. i was delighted it's not austerity, but we've had 14 - impact. i was delighted it's not l austerity, but we've had 14 years of underinvestment so investing has to be good _ underinvestment so investing has to be good. investing in something

today, _ be good. investing in something today, they announced they get britain — today, they announced they get britain working white paper, which is actually— britain working white paper, which is actually about proper holistic surrport— is actually about proper holistic support for long—term economically inactive _ support for long—term economically inactive people. we shift it by 2% that brings 23 billion back into the economy — that brings 23 billion back into the economy. it's really important we see that _ economy. it's really important we see that as— economy. it's really important we see that as an investment, in the growth _ see that as an investment, in the growth for— see that as an investment, in the growth for a nation, notjust spending _ growth for a nation, notjust spending on public services. it's investing — spending on public services. it's investing in people but also investing in people but also investing in people but also investing in the economy. somebody from the voluntary sector, someone who runs a business in this region, how are you left feeling after hearing the chancellor today? yeah, pretty boat... good. good not great. we will see how it goes, but definitely not bad. it's ok.- definitely not bad. it's ok. i think it's a good _ definitely not bad. it's ok. i think it's a good start. _ definitely not bad. it's ok. i think it's a good start. it's _ definitely not bad. it's ok. i think it's a good start. it's good - definitely not bad. it's ok. i think it's a good start. it's good for- definitely not bad. it's ok. i think it's a good start. it's good for the| it's a good start. it's good for the kind of— it's a good start. it's good for the kind of people we support across the network. _ kind of people we support across the network, across the uk they are going _ network, across the uk they are going to — network, across the uk they are going to be better off, actually, but it's— going to be better off, actually, but it's going to be good for the country. — but it's going to be good for the country. i— but it's going to be good for the country, i think. but it's going to be good for the country, ithink.— country, i think. think you both very much _ country, i think. think you both very much indeed. _ country, i think. think you both very much indeed. some - country, i think. think you both very much indeed. some of- country, i think. think you both very much indeed. some of the} very much indeed. some of the potential real—world impact of the decisions taken in westminster from right in the heart of the

chancellor's constituency. alex, thanks, once again, very interesting listening to all of that. let's get back to some of the raw politics in the lead up to the selection and since the budget was announced, we have seen it play out and it was all about whether labour had broken their manifesto promises. so let's cross to bend shoe from bbc verify. over to you. its, cross to bend shoe from bbc verify. over to yon-— over to you. a promise made and a romise over to you. a promise made and a promise fulfilled, _ over to you. a promise made and a promise fulfilled, that's _ over to you. a promise made and a promise fulfilled, that's what - promise fulfilled, that's what rachel reeves claimed in her budget speech. but did labour stick to its manifesto pledge on taxes which are going to go up by £40 billion per year by the end of the forecast. well, here is what the party's manifesto said. labour will not increase taxes on working people, which is why we will not increase national insurance, basic rates of income tax or vat, but what did we get from rachel reeves today? a confirmation of more tax to be raised from among other things

employer national insurance raising £25 billion. inheritance tax raising about 2 billion tax —— £2 billion a year. so, the question is whether raising money from these taxes can fairly be said not to fall on the shoulders of working people. well, labour never defined during the election campaign what they meant by working people. so it is hard to be categorical on that front. however, what we can say is it's the judgment of most economists that while employer national insurance don't appear in most people's payslips, they do in the end end up being borne by workers in the form of lower wages and would otherwise have been paid by firms or endless hiring by companies than would otherwise have happened. what about the physical rules? has rachel reeves torn those up as a result of her plans to borrow considerably more? here is what the labour manifesto said there. debt must be falling as a share of the economy by the fifth

year of the forecast. what rachel reeves has done to date is change their definition from the debt of their definition from the debt of the previous rule. there was arguably room for manoeuvre in the wording of labour's manifesto. one could argue that the party could've been more specific but it's also worth noting for context that fiscal rules have been almost continually reformed by chancellors in recent decades. �* ., , reformed by chancellors in recent decades. �* . , . decades. ben, thanks very much. i will be back— decades. ben, thanks very much. i will be back with _ decades. ben, thanks very much. i will be back with more _ decades. ben, thanks very much. i will be back with more from - will be back with more from westminster and a couple of minutes' time. i willjust point you toward something on the website because there is how the budget will affect you and your money. all of the details breaking down perhaps some of the winners and losers today and taking you through a huge range of what we heard and that 77 minute budget statement from rachel reeves. as i say, back in a moment or two, but for the next few minutes, let's cross back to samantha in the studio. matthew, thanks very much.

the first case of a highly infectious mpox variant has been detected in the uk for the first time in a person who returned from a holiday in one of the affected countries in africa last week. the uk health security agency says the patient is currently isolating at home under the care of the royal free hospital in london. how significant is that? and how great is the threat for the public health? here's more from our health correspondent, dominic hughes. so mpox is a disease that currently there are a number of different outbreaks in central africa, mainly based around the democratic republic of congo, but also seen in uganda, in kenya, in rwanda and burundi. and it was one of these countries that this holidaymaker was visiting. now they returned to the uk, to london at the beginning of last week. within 24 hours they fell ill, developing the distinctive rash, which is a symptom of mpox. so you get this rash on your legs, your arms, your hands, yourface, sometimes on your torso and it's filled with you get the rashes, sort of

pus filled pustules. and then you can also develop flu like symptoms. so they sought help at their local hospital at the royal free in london. they were quickly diagnosed that it was mpox, and further tests were carried out to confirm that they are currently isolating at home, and the uk health security agency say they are in the business of tracing now some of those close contacts. so maybe around ten people, they describe the risk to the general population in the uk as being very low. um, and they say that at the moment they have all the measures in place they need to to contain this outbreak because the patient is isolating and they don't think anyone else actually who was on the plane with that person when they returned from africa, from the african country they were visiting at the beginning of last week. they don't think any of those people would have been exposed either. and how closely are the authorities monitoring anybody else let's now turn to spain — where the government has declared three days of mourning after at least 70 people were killed

after torrential rain triggered devastating flash floods in in the eastern valencia and southern andalusia regions. let's take a look at these recent pictures from malaga showing a large urban area completely inundated. in the town of chiva near valencia more than a year's worth of rain fell in just eight hours. dozens of people remain unaccounted for and local officials say it is "impossible" to put a final figure on the number of people who have died. here's more footage uploaded to social media showing some of the chaos in valencia after cars were swept away by floodwaters. the spanish prime minister has promised to use all means available to help victims. pedro sanchez said those who had suffered would not be abandoned, and their communities would be rebuilt. earlier i spoke to chris marshall—bell — freelance journalist in valencia. here's the latest on what's happening in the area so most of the city of valencia itself is actually ok. it's avoided flooding in the city itself. but just in the towns and religious

outsides it's absolutely catastrophic. just cars piled on top of each other. the old riverbed which was in the south of the city is usually completely dry. there's no water in it. it's full of vegetation and greenery. everyone around this lunchtime and it's vegetation and greenery. everyone around this lunchtime and its four or five metres deep. around this lunchtime and its four orfive metres deep. it's unprecedented. it's like nothing no one is ever seen here. it was predicted to be severe but not life—threatening. on the day of the floods, so yesterday, on tuesday, most of the valencia region was in a state of emergency. there was a red alert. the problem is it didn't rain so much in the city. so most of the people in valencia, it was windy, it was cold, most of the people have gone about their normal life because they didn't think it was going to affect the city. the problem is it

has gone so far upstream further west, when that water is eventually coming down towards the coast of six orseven coming down towards the coast of six or seven o'clock, it has hit valencia. like a huge wave, and it has devastated towns and highways and so many firms as well because valencia even though it is a major city, it is full of farmland, all the farmland is absolutely devastated. so the problem is it wasn't that people weren't warned, but people didn't expect it to hit valencia with the force that it has. a man who drove into the gate of the prime minister's country residence has been jailed for two years and eight months. the 44—year—old crashed into the gate of checkers thatjune. he was found to be three times over the drink—drive limit. he's also been disqualified from driving 40 months. heading back to westminster and matthew now. thank you once again.

let's take stock for the next 15—20 minutes in terms of where we are after today's budget. labour's first budget in 14 years. let's talk to dr mohamed el—erian, president of queens' college at university of cambridge. you are talking to our producer a little earlier and predicted that the budget would please almost no one. are you right? yes. the budget would please almost no one. are you right?— the budget would please almost no one. are you right? yes, i was. the only people — one. are you right? yes, i was. the only people who — one. are you right? yes, i was. the only people who are _ one. are you right? yes, i was. the only people who are pleased - only people who are pleased are those who believe that public investment is critical to economic growth and see this as a first step to reinventing the budget and welcome the fact that this has been enabled by the chancellor. otherwise most people expected way too much out of this budget and might not recognise the very difficult hand that the chancellor was dealt. what that the chancellor was dealt. what do ou that the chancellor was dealt. what do you think — that the chancellor was dealt. what do you think the _ that the chancellor was dealt. what do you think the budget should be judged on then? i

do you think the budget should be iudged on then?— do you think the budget should be judged on then? i think it should be “udued on judged on then? i think it should be judged on three _ judged on then? i think it should be judged on three things, _ judged on then? i think it should be judged on three things, one, - judged on then? i think it should be judged on three things, one, the i judged on three things, one, the growth elements. this government came in with the growth mission. does this budget contribute to growth? and the answer is yes if it is the first in a number of similar steps over time as the government gets its arm around the fiscal situation. second, we have fiscal rules that were implemented in a very simplified manner to change behaviour that have now become counterproductive. has the government moved sufficiently in reforming those fiscal rules and the answer is it took a step but not all the way, and the final way is how has it been communicated? has it been communicated has it been commu