our economics correspondent andy verity has been looking at the numbers.e last time spending rose this fast, by more than 4%, was back here in 2004, and the government was in a lot less debt back then. these red bars here show the spending reviews since the financial crisis, when the government's debt shot up. sajid javid argues the interest rates are cheap now, so he can afford to borrow more for extra spending. every single government department has had its budget for day—to—day spending increased at least in line with inflation. that's what i mean by the end of austerity, mr speaker — britain's hard work paying off, a country living within its means, able to spend more on the things that matter. they are claiming to be against austerity, after years of voting for it. they are claiming to be using headroom which he knows has largely disappeared. and yet they are still failing to deliver a real end to austerity. while spending on the nhs will rise by £6.2 billion next year, most of that isn't new money. it had already been announced by the previous chance

our economics correspondent andy verity has been looking at the numbers. government was in a lot less d e bt in 2004, and the government was in a lot less debt back then. these red bars here show the spending review since the financial crisis, when the government‘s that shot up. sajid javid argues the interest rates are cheap now so he can afford to borrow more for extra spending. every single government department has had its budget for day—to—day spending increased at least in line with inflation. that‘s what i mean by the end of austerity, mr speaker. britain‘s hard work paying off. a country living within its means, able to spend more on the things that matter. they are claiming to be against posterity after years of voting for it. they are claiming to be using headroom which he knows is largely disappeared. and yet they are still failing to deliver a real and to austerity. while spending on the nhs will rise by £6.2 billion next year, most of that isn‘t new money. it had already been announced by the previous chancellor, philip hammond. but there is a

our economics correspondent andy verity has been looking at the numbers. andy? thanks very much.ending like this, the last time spending rose this fast — by more than a% — was back here in 200a. the government was in a lot less debt back then. these red bars show the spending reviews since the financial crisis — when the government's debts shot up. they're all trying to slash public spending, also known as austerity. but sajid javid argues the interest rates on the government's debts are cheap now — so he can afford to borrow more for extra spending. every single government department has had its budgets for day to day spending increased, at least in line with inflation. that's what i mean by the end of austerity, mr speaker. britain's hard work paying off. our country living within its means. able to spend more on the things that matter. instead, we get this sham of a spending review. they are claiming to be against austerity after years of voting for it. they are claiming to be using head room, which he knows is largely disappeared. and, yet, they are still failing to deliver r

our economics correspondent, andy verity, joins me now. this is something of a surprise. only expecting about i.9%, so down a little bit from last time. the ostensible reason was computer games getting cheaper between july and august, they were cut by 5%, those prices. but, actually, also, the cost of living has been given a helping hand by the global economic slowdown, so if you look at inflation coming down the pipeline, the producer prices, those prices actually dropped, they didn't rise. the prices that they are paying for their goods, their raw materials, that they need for the supplies to make their goods. you will see that figure there of —0.8%, and that is because raw materials worldwide are getting cheaper, in particular the cost of fuel. because there is less economic activity and it is not growing as fast around the world, the upward pressure on petrol prices is less. if you look at the prices is less. if you look at the price of brent crude, it is down by i9%. so that is one of the reasons there has been relief on the cost of living. and then if you strip out