i asked comparing this to george osborne's budget.e comparing this to george osborne's budget. i asked him if he thought today had echoes. it’s budget. i asked him if he thought today had echoes.— today had echoes. it's probably auoin to today had echoes. it's probably going to be _ today had echoes. it's probably going to be different _ today had echoes. it's probably going to be different because l today had echoes. it's probably - going to be different because going to see huge tax rises. the first budget sets the tone for the whole of the coming parliament. i think this is definitely an echo, but i think it's a major difference because in 2010 the conservatives had spent a year talking about the difficult decisions that were going to have to be made. i do think there's a big difference now because we haven't had... i do think there's a difference now because we have had a difference now because we have had a labour government which has said we will not raise guff taxes but now they are. do we will not raise guff taxes but now the

i will ask george osborne- — campaign. i will ask george osborne- i— campaign.ill ask 6eorge - osborne. i bet you have never, i bet nobody — osborne. i bet you have never, i bet nobody has _ osborne. i bet you have never, i bet nobody has ever- osborne. i bet you have never, i bet nobody has ever accused l i bet nobody has ever accused remain of being big fat pants on fire liars for the things they said about what was going to happen to this economy after brexit. the truth is, osborne said they would have to be a punishment budget, they said unemployment was going to go up, the reality is that i ended my premiership with unemployment at a 50 year low with people in paid employment, 620,000 more of them before the pandemic began and youth unemployment at a 50 year low. when i was ending my premiership, we were the second biggest exporter of financial services and the fourth biggest exporter in the world. still attracting the lion's share of overseas investment into europe, still the biggest. why on earth do my opponents, our opponents, not your opponents... i opp

eight weeks was the longest, with george osborne so ready . so consequently. well, ready.ently. well, but to be fair , i mean, they but to be fair, i mean, they have discovered that things were worse than they thought. the which came completely out of the blue. and then, you know, even though today it's been announced that the annual, the yearly pension will go up by £400, which is more than the cost of the lost fuel allowance. if you like. but that only gets a little bit of coverage. but they've made a terrible mistake by having such a long gap between the election and the budget . and if you look back budget. and if you look back over previous governments, it's never been longer than eight weeks. eight weeks was the longest, with george osborne so ready . so consequently. well, ready. so consequently. well, but to be fair , i mean, they but to be fair, i mean, they have discovered that things were worse than they thought. >> we always how long can they keep blaming the conservatives? >> well, i think i mean, look at a year. >> i mean , seriously, no, >> i mean, seriously

it, you'd almost have heard you'd almost have thought that could have been david cameron and george osbornethat was the sort of agenda they proposed. the issue is , with the upcoming budget, is, with the upcoming budget, the government is going to have some stark choices because ultimately business needs a low tax, low regulatory environment in order that it can get on and do business. and as you pointed out, grow productivity , making out, grow productivity, making employment more expensive , employment more expensive, making employment less flexible and more complicated does not help businesses grow the economy, employ more people. and fundamentally, it doesn't help drive productivity within the economy . driving productivity economy. driving productivity involves higher skilled jobs. getting more people more people doing more productive jobs in to order improve our overall gross domestic product per head. simply growing gross domestic product in a growing population environment doesn't help us grow gross domestic product per head, which are fundamentally undermines everybody's financial

china, david cameron wooed them early on _ china, david cameron wooed them early on and so did george osbornejohnson, actually, i remember him saying he _ johnson, actually, i remember him saying he likes china. we johnson, actually, i remember him saying he likes china.— saying he likes china. we can see ictures saying he likes china. we can see pictures of— saying he likes china. we can see pictures of david _ saying he likes china. we can see pictures of david cameron - saying he likes china. we can see pictures of david cameron in - saying he likes china. we can see pictures of david cameron in the l saying he likes china. we can see i pictures of david cameron in the pub with xijinping. it pictures of david cameron in the pub with xi jinping-_ with xi jinping. it was quite early on in his premiership _ with xi jinping. it was quite early on in his premiership and - with xi jinping. it was quite early on in his premiership and then . with xi jinping. it was quite early i on in his premiership and then tory mps rebelled against that approach and it— mps rebelled against that approach and i

i heard a story about how after you were voted out of office in 1997, you said to a young george osborneay? well, i don't think the conservative party should be taken over by any part of it. there are different strands of conservatism. we need the right wing. what we don't need is the far—right — people who've attracted themselves to the right wing who perhaps would be more comfortable in reform uk than with us. what i want is for them to reach a concordat so that they can agree and so that we don't have these factional disputes within the party. when major came to power in 1990, the issue of the uk's relationship with europe was causing serious ructions within the party. all: brexit! decades later, the matter hasn't gone away and divide remains. what has brexit done to and for your party? well, brexit has been the most divisive thing that has happened in our party in my lifetime and it is less important what it has done to our party than what it has done to our country. that was going to be my next question — what do you think it has done? well, i don't think it's done anything good. if

i feel like we're back to 2010 and this is george osborne in power. it really is quite shocking.ight now. >> yeah, well fair enough, fair enough. >> it was interesting. i mean, look, i suppose you could you can very easily make the case you don't want to be. i don't spit your coffee out. i don't want to be too unfair to david lammy here. all right. because as foreign secretary, it is within your purview to try to do anything or say anything that you think might enhance your relationship around the world. and so i can understand why you'd want to keep the foreign the foreign aid budget. can i just thank kerry, who has just donated £1,500? >> wow, wow to the fundraiser is just giving .com forward slash page forward slash save our seniors kerry thank you. >> and you have said thank you so much for helping with our dear senior people. look that is an unbelievable amount of money. i do really hope you i do really hope you can afford it . so thank hope you can afford it. so thank you. that means we are now at £209,990. wow . all the best, £209,990. wow. all the best, right? gosh, that'

editor at the financial times, and by the former british finance minister — the chancellor — george osbornenow also a podcaster. fundamentally, a good budget has to be rooted in good economics and good political decision—making, and then, you know, the media strategy sits on top of that. i think a budget that's driven by a media strategy is probably the wrong way round and is going to unravel. i think it's worth considering that in a budget, there are around 4,000 individual decisions, any one of which could go wrong and cause a headache for the chancellor. and then the final thing i'd say is, you know, it is the sort of central event, domestic event for the government in the year, even though it's done by the chancellor, not the prime minister. and in this case, there's also a kind of spending review, so for every government department, it's a big deal. and, you know, what they're going to have to try and pull off here with this budget is two things which don't necessarily sit very easily together. so they've got to have a budget that kind of sets up the labour government for the next five

george osborne now.eft and then they'll go head to head here on gb news on october the 17th, before the tory membership then decides who will become the next leader of the conservative party. well, sir nick harvey stuck with me throughout all of that. through gritted teeth, i hasten to add. cynic, what's your take on the runners and the riders? it seems to me a lot of them are promising things that they could have done in the past 14 years and didn't. well that is certainly true. i mean, we've got two candidates here from the hard right. we've got two from the centre right, and that demonstrates that the conservative party is on the horns of a dilemma. they lost votes at the election on the right to reform. they lost them in the centre to the liberal democrats. they lost them on the left to labour. and they may convince themselves that they can fight on all these fronts at once. but the reality is they can't. they're going to have to make some big strategic decisions on are they going back towards the ce

which was last used by george osborne. yeah.of those political words that do people ever really use in real life? i'm not sure. so i don't know if that was. i'm fairly sure that was rachel reeves trying to move on from saying working people. yes. it's like, well, oh, you don't like that one? here's another one. she also gave an interview to the observer, where she pitched her budget as being as big a deal as the 1945 post—world war two labour budget, which was obviously a massive reforming mega big bazooka budget. um, so, i mean, look, i think that they have done a similar kind of careful choreography to previous treasury iterations. they've done a bit of money for housing. we know there's going to be money for the nhs and it will have to reform as well. we know from today there's going to be money from schools. but i think also what's interesting about it is it, as i was saying, i think there's going to be some tension between the initial labour message, which was growth, growth, growth, growth, growth, growth, growth. and look

he had a bit of an encounter with george osborne. an interesting conversation! controversy over freebies? ,., ,, ., , freebies? downing street has announced — freebies? downing street has announced that _ freebies? downing street has announced that the _ freebies? downing street has announced that the prime - freebies? downing street has - announced that the prime minister will pay back £6,000 of gifts and hospitality, six taylor swift tickets, four tickets to the races and clothing rentalfor his and clothing rental for his wife victoria. the prime minister has announced that they will tighten the rules around hospitality for ministers. he hopes to draw a line under bits. what does this not cover? all that hospitality before the general election and does not cover the prime minister sitting in the directors box at arsenal, but thatis the directors box at arsenal, but that is about security. he says he is a season ticket holder. which he pays for. he says he would love to be at the stance but it would be a massive policing operation. —— in the standards. next we'

to be the single most important, budget this country has seen since the autumn statement from george osborne real test of labour's mettle, and i think if they get it wrong, if rachel reeves doesn't land very possible. it's a one term government. equally, she may actually pull a few rabbits out of a hat. she might please more constituencies than we think is looking likely at the moment, and they might get a bump and they might see away. this terrible several months that they've had. i don't personally think that's going to happen, but you never know in politics. so it's a hugely important moment. and i think alex is right to not have your new fresh, clean cut leader waiting to seize the opportunity is a bit of a mistake. >> because the truth is, in politics, normally the activity of the opposition is defined by what people think about the government and how the government and how the government is doing. that was clearly the case with starmer, who was doing very well because people hated us so much at the time. people, people voted up and down this country to get rid of the conservative party

also readingjim 0'neill, a city minister under george osborne, writing in the times today, the rule that treasury is that they're saying essentially a growing coalition of people backing this change. coalition of people backing this chance. ~., coalition of people backing this chance. �* change. marie tidball, i'm assuming one of the features _ change. marie tidball, i'm assuming one of the features that _ change. marie tidball, i'm assuming one of the features that you - change. marie tidball, i'm assuming one of the features that you come i one of the features that you come head—on in the run—up to the general election was got shadow chancellor she was then who has for two years said that she has got these absolutely guaranteed fiscal rules. ironclad, if you like. but now she is changing the goalposts.- ironclad, if you like. but now she is changing the goalposts. could the markets take _ is changing the goalposts. could the markets take fright? _ is changing the goalposts. could the markets take fright? the _ is changing the goalposts. could the markets take fright? the first - is cha

gb news presenter andrew pierce got the thoughts of the former chancellor george osborne.top job. >> i think there was a clear winner actually, and by the way, i'm not signed up to any of these candidates. i thought james cleverly did the best speech and had the best audience reaction and that's interesting because i think anyone observing the contest would say he probably came into the conference maybe in third or fourth place. whether that translates into votes from mps, which is the critical next stage , which is the critical next stage, who knows? but i think he delivered the goods. and i also thought the format worked. i guess! thought the format worked. i guess i was a bit it was a question i had on the train coming here this morning, which is does the device of giving everyone the chance to give a speech, going to work in the same way it did 20 years ago with the conference in which cameron got elected, or got himself in a position where he was the front runner? and the answer is i think it did work. and the strengths and weaknesses of all the candidates was on disp

raising budget that could surpass the post—election raids launched by both gordon brown in 1997 and george osbornere in peacetime. that's astonishing, isn't it? >> it is astonishing, and it's worrying because, again, when i speak to people, they are so negative about the future of this country . negative about the future of this country. now we negative about the future of this country . now we need to this country. now we need to grow our way out of the problem and the hole that we're in. all that labour are going to do is dig us further. targeting the pensioners . it's unforgivable. pensioners. it's unforgivable. there's so many worried out there. again, if we'd known this before the election, they wouldn't have got the landslide that they got. so they really were really lying to us pre—election. >> there's another there's another thing buried in this as well, which i've just seen now. so rachel reeves is expected to announce yet a tax hike on pensions , capital gains and pensions, capital gains and inheritance tax as well. i mean, nina, if they'd have said they were going to do this when they g

rai5ing budget that could surpass the p05t—election raid5 launched by both gordon brown in 1997 and george osborne highest 5hare burden up to 37.9%, its highest share in peacetime. that'5 a5toni5hing, i5n't share in peacetime. that'5 a5toni5hing, isn't it? >> it is astonishing, and it's worrying becau5e, again, when i speak to people, they are 50 negative about the future of this country . negative about the future of this country. now we negative about the future of this country . now we need to this country. now we need to grow our way out of the problem and the hole that we're in. all that labour are going to do is dig u5 that labour are going to do is dig us further. targeting the pen5ioner5 . it'5 unforgivable. pen5ioner5. it'5 unforgivable. there'5 50 many worried out there. again, if we'd known this before the election, they wouldn't have got the landslide that they got. s0 wouldn't have got the landslide that they got. so they really were really lying to us pre—election. >> there'5 pre—election. >> there's another there'5 >> there's another there's another thing buried in this as well, whi

george soros is not going to buy a nebraska senate seat. >> dana: dan osborn is your campaign person.m booked for him to respond to that and where the money is coming from. take your word for it at the moment. let's play a little bit of his ad he has been running about you. >> senator deb fischer is a fake rancher and fake conservative. just a career politician. we pay her millions and she can't pass a farm bill. >> dana: he says he would be independent and not caucus with either party if he became a senator. do you think otherwise? >> definitely. in fact, we were just sent a text message last night that was looking for funding again for dan osborn and it said he would caucus with democrats. so even though in the past few days he has had this message out that he is a conservative, he has tried to cozy up with president trump and that's not going to work. in fact, president trump called me yesterday and i told him what dan osborne was trying to pass off on nebraska and he wasn't happy about that. >> dana: so it is interesting you've got all of these states like ohio and pennsylvania. i

. >> well you have to take that up with david cameron and george osborne.quite optimistic. not massively optimistic, but at least hopeful and a little bit expectant. >> there will be growth. >> there will be growth. >> it seems, if we believe the obr. but we can talk about this until the cows come home. and while we do talk about it, i'd like to hear jacob while we do talk about it, i'd like to hearjacob rees—mogg talking up britain , talking up talking up britain, talking up the british economy. this is gb news, after all, and our viewers love this country. >> we need it to work, we want it to work. >> but we can do all the talk right now. the proof will be in the eating of the pudding and i readily accept that if we don't get proper decent growth, if pubuc get proper decent growth, if public services do not recover from the depths to which they have been plunged by your party, then labour won't get a second term. all 151

. >> well you have to take that up with david cameron and george osborne.ptimistic. not 1509 0

was fat that could be pared off the bone, the were legitimate savings that could be made with george osborne'ssterity. there are no savings that can be made at the moment because of the mess. forgive me that your administration left. part of the reason was this bonkers ideological , economic bonkers ideological, economic wrecking brexit, where everybody lost their common national sense and we nosedived and incidentally, just very quickly last time i came on air here and i said to both of you, and there is an authority gap, you wear dark suits, you have an economic background. et cetera. et cetera. people are more likely to believe you , even sometimes to believe you, even sometimes me. i sat here and i said, ooh, look at dublin and the way in which it's flourished like a phoenix from the flames. in recovering since the 2008 crash in comparison with northern ireland and shrinking belfast. and immediately john said that is because of the low corporation tax. i go home. yes , corporation tax. i go home. yes, thatis corporation tax. i go home. yes, that is true. it was the initial reason why dubli

he chaired the uk council of economic advisers under george osborne when he was chancellor.compared tojoyce osborne was my collection budget of 2010, do you think it has echoes of that in terms of the scale of what has to be done? yes i think it does, it will probably end up being bigger and more significant because we will see such a large tax rises and any first budget of a new government is hugely significant economically and poetically because it sets the tone for public services and the tax system but the whole of the coming parliament so it is definitely an echo. there is a major difference which is in the 2010 at the conservatives had spent over a year warning about the difficult decisions that would be made and there was a coalition government that agreed on the need to do that. i think there is a big difference because we have had a labour government that has come and saying no need to raise taxes or borrow more and suddenly you will get both of those so that is definitely a difference and mandate but certainly similarities. d0 difference and mandate but certainly s