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are you kind of entrapped by what the obr is telling you? entrapped by what the obr is tellwellou?obr is tellwell ,u? entrapped by what the obr is tellwell , it was a conservative >> well, it was a conservative government that set up the obr in 2010, and the reason that we set it up was because people worried that when gordon brown was doing his budgets under the previous labour government, chancellors were cooking the books. >> they were giving forecasts that gave an unduly rosy picture of the situation , and people of the situation, and people wanted to have confidence that what a chancellor said. the figures that a chancellor announced had been independently verified . and i think that isn't verified. and i think that isn't verification and then there's actually dictating what should be in your budget, isn't it? >> well , all the be in your budget, isn't it? >> well, all the obr does is tell the country independently whether i am meeting the fiscal rules that i myself have chosen . rules that i myself have chosen. but what is the obr is wrong, as it has been historically, many y
are you kind of entrapped by what the obr is telling you? entrapped by what the obr is tellwellou?obr is tellwell ,u? entrapped by what the obr is tellwell , it was a conservative >> well, it was a conservative government that set up the obr in 2010, and the reason that we set it up was because people worried that when gordon brown was doing his budgets under the previous labour government, chancellors were cooking the books. >> they were giving forecasts that gave an unduly rosy...
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Mar 6, 2024
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the obr have been _ absolutely. and it's going up? the obr have been clear— absolutely. going up? the obr have been clear that the - absolutely. and it's going up? the| obr have been clear that the fiscal measures that have taken place today and previously last year will reduce the tax burden by i think 0.6%. h0. the tax burden by i think 0.6%. no, no, no. the tax burden by i think 0.6%. no, no. n0- i'm — the tax burden by i think 0.6%. no, no. n0- i'm sorry— the tax burden by i think 0.6%. no, no, no. i'm sorry to _ the tax burden by i think 0.6%. no, no, no. i'm sorry to stop you. i looked at the graphs. i've got the figures here. the tax burden today is 36.1% of gdp and it's going to go up is 36.1% of gdp and it's going to go up to 37.1% by 2028—29, the highest since the second world war. i completely understand. since the second world war. i completely understand. do i since the second world war. i l completely understand. do you since the second world war. i - completely understand. do you accept the oint? completely understand. do you accept the point? the — comple
the obr have been _ absolutely. and it's going up? the obr have been clear— absolutely. going up? the obr have been clear that the - absolutely. and it's going up? the| obr have been clear that the fiscal measures that have taken place today and previously last year will reduce the tax burden by i think 0.6%. h0. the tax burden by i think 0.6%. no, no, no. the tax burden by i think 0.6%. no, no. n0- i'm — the tax burden by i think 0.6%. no, no. n0- i'm sorry— the tax burden by i think...
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you know, hunt's quotes out says obr . even out of control, says obr.cade of trades people selling uk government debt. the price of that debt goes down. the on that debt goes up. the yield on that debt goes up. the yield on that debt goes up. the of money the amount of money the government to borrow government has to pay to borrow would gone up, and we'd all would have gone up, and we'd all be talking about nothing else. >> sadly, and this was >> so we've sadly, and this was the last budget the the last budget before the election, come in election, which will come in october, november. but he october, in november. but he could in an autumn state. >> he could definitely do an autumn some autumn statement. i mean, some kind review that kind of spending review that include either include tax cuts either in the summer or early autumn in summer or the early autumn in and around conference period before a general election in october november. october or november. >> could that cut come into >> could that tax cut come into our before the next our pockets befor
you know, hunt's quotes out says obr . even out of control, says obr.cade of trades people selling uk government debt. the price of that debt goes down. the on that debt goes up. the yield on that debt goes up. the yield on that debt goes up. the of money the amount of money the government to borrow government has to pay to borrow would gone up, and we'd all would have gone up, and we'd all be talking about nothing else. >> sadly, and this was >> so we've sadly, and this was the...
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and the obr, less tax revenue.arteng, people on the right of the conservative party, john redwood, also former cabinet minister, have often said if you lower taxes , you get the economy lower taxes, you get the economy moving. and that means you raise more revenue. the obr has resisted that idea. but in this one instance, and jeremy hunt referred to this in his speech yesterday, didn't he, that the obr have found their inner laffer curve in this one instance, the obr have acknowledged the chancellor's argument as being correct because what the chancellor did yesterday, it was little noticed , but quite an ideologically striking move . he lowered striking move. he lowered capital gains tax from 28 to 24% on houses that are sold under certain circumstances. there are some complications that aren't your residential property. look, if you sell the house that you live in with your family and you've lived in it for more than three years, then you don't pay capital gains tax. that's a fundamental principle of living in th
and the obr, less tax revenue.arteng, people on the right of the conservative party, john redwood, also former cabinet minister, have often said if you lower taxes , you get the economy lower taxes, you get the economy moving. and that means you raise more revenue. the obr has resisted that idea. but in this one instance, and jeremy hunt referred to this in his speech yesterday, didn't he, that the obr have found their inner laffer curve in this one instance, the obr have acknowledged the...
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are you kind of entrapped obr is entrapped by what the obr is telling you ? telling you?vernment that set up the obr in 2010. and the reason that we set it up was because people worried that when gordon brown was doing his budgets under the previous labour government, chancellors were cooking the books. they were giving forecasts that gave an unduly rosy picture of the situation , rosy picture of the situation, and people wanted to have confidence that what a chancellor said, the figures that a chancellor announced had been independently verified. and i think that isn't verification. >> and then there's actually dictating what should be in your budget , dictating what should be in your budget, isn't it? >> well, all the obr does is tell the country independently whether i am meeting the fiscal rules that i myself have chosen. >> but what if the obr is wrong, as it has been historically , as it has been historically, many years over? >> well , in many years over? >> well, in fairness to the obr, they are um, of course they've made mistakes in their forecasts, but they are
are you kind of entrapped obr is entrapped by what the obr is telling you ? telling you?vernment that set up the obr in 2010. and the reason that we set it up was because people worried that when gordon brown was doing his budgets under the previous labour government, chancellors were cooking the books. they were giving forecasts that gave an unduly rosy picture of the situation , rosy picture of the situation, and people wanted to have confidence that what a chancellor said, the figures that a...
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Mar 6, 2024
03/24
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again these are the forecasts from the obr.t the casino by to the budget? | think the last - throw of the dice at the casino by a broken government. very little that wasn't already trailed. pleased to see the north—east devolution deal. we have worked to get that over the line. but it doesn't replace the failure to fund local government. you have a meeting tonight. the government says there are efficiencies that you can make? yes. efficiencies that you can make? yes, the do efficiencies that you can make? yes, they do indeed- _ efficiencies that you can make? yes, they do indeed. but _ efficiencies that you can make? yes, they do indeed. but we _ efficiencies that you can make? yes they do indeed. but we have had efficiencies that you can make? ies they do indeed. but we have had to achieve 370 billion worth of cuts in 15 years. we need another 75 million by 26/27. that is cuts. you mentioned _ by 26/27. that is cuts. you mentioned the _ by 26/27. that is cuts. you mentioned the trail - by 26/27. that is cuts. you mentioned the
again these are the forecasts from the obr.t the casino by to the budget? | think the last - throw of the dice at the casino by a broken government. very little that wasn't already trailed. pleased to see the north—east devolution deal. we have worked to get that over the line. but it doesn't replace the failure to fund local government. you have a meeting tonight. the government says there are efficiencies that you can make? yes. efficiencies that you can make? yes, the do efficiencies that...
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Mar 7, 2024
03/24
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which is why the obr could never completely get its forecast right.e factors such as, the long—term sick, nhs waiting times, that may also be a factor in stopping people returning to the labour market quite so quickly. let us go back to dan, one question, i also want to ask kevin about this, how has the budget helped all pensioners who don't pay national insurance? that is a question came in anonymously. dan? we are having problem with your sound, dan. kevin mrmac dan? we are having problem with your sound, dan. kevin mr mac similar question. i see nothing in the budget that will benefit retirees, have i missed something? m0. budget that will benefit retirees, have i missed something? no, you have i missed something? no, you have not missed _ have i missed something? no, you have not missed something. - have i missed something? no, you have not missed something. the . have i missed something? no, you i have not missed something. the key announcement in this budget was of course about national insurance, a cut in national insurance, and that is for 27
which is why the obr could never completely get its forecast right.e factors such as, the long—term sick, nhs waiting times, that may also be a factor in stopping people returning to the labour market quite so quickly. let us go back to dan, one question, i also want to ask kevin about this, how has the budget helped all pensioners who don't pay national insurance? that is a question came in anonymously. dan? we are having problem with your sound, dan. kevin mrmac dan? we are having problem...
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Mar 6, 2024
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ava, the obr 's forecasting _ recession. ava, the obr 's forecasting that _ recession.... the prime minister is a it's double that. if interest rates come down, all those things could favour the conservatives.- things could favour the conservatives. , . ., ., ., conservatives. the big indicator of when they will _ conservatives. the big indicator of when they will call _ conservatives. the big indicator of when they will call an _ conservatives. the big indicator of when they will call an election i conservatives. the big indicator of when they will call an election is i when they will call an election is when _ when they will call an election is when inflation hits 2%. we have quite _ when inflation hits 2%. we have quite a — when inflation hits 2%. we have quite a few clues for that. every single _ quite a few clues for that. every single tax— quite a few clues for that. every single tax freeze or tax cut that jeremy— single tax freeze or tax cut that jeremy hunt was offering, he qualified that by... protesters: tories out! the real question is how people are feeling
ava, the obr 's forecasting _ recession. ava, the obr 's forecasting that _ recession.... the prime minister is a it's double that. if interest rates come down, all those things could favour the conservatives.- things could favour the conservatives. , . ., ., ., conservatives. the big indicator of when they will _ conservatives. the big indicator of when they will call _ conservatives. the big indicator of when they will call an _ conservatives. the big indicator of when they will call an...
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and yet obr there speech.'s baked in now in the obr forecast and more on the obr shortly. liam i'm sure. shortly. with liam i'm sure. i asked him why that was where he's relying on economic he's relying on for economic growth , on migration. he's growth, on migration. he's trying disavow time. trying to disavow the same time. here's he had to say. here's what he had to say. >> have had a big increase in >> we have had a big increase in migration in recent years because of ukraine, because of afghanistan, because of hong kong, very specific factors where as a country, we did the right thing, but the current levels of migration are not sustainable . this government sustainable. this government wants to bring it down, it's currently, as you know, over 700,000, far too high. the government's brought in some very clear policies to bring those numbers down. the obr make an estimate of where that will get to based on what the office for national statistics say, it's a small increase on the numbers . the it's a small
and yet obr there speech.'s baked in now in the obr forecast and more on the obr shortly. liam i'm sure. shortly. with liam i'm sure. i asked him why that was where he's relying on economic he's relying on for economic growth , on migration. he's growth, on migration. he's trying disavow time. trying to disavow the same time. here's he had to say. here's what he had to say. >> have had a big increase in >> we have had a big increase in migration in recent years because of ukraine,...
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now you criticise the obr with some good reason , the obr with some good reason, but i think, you know tories, your party set up the obr. i thought it was a good idea at the time. so did i. and actually i still think to some extent it's a good idea. and i think there in principle at the beginning to overspending beginning to stop overspending and labour and over borrowing by a labour government. thought it was government. and i thought it was well by robert chote, who well run by robert chote, who i thought what he was doing . thought knew what he was doing. >> i think it's less well run now, but i'll leave it there. >> right, but given those >> all right, but given those constraints, there a constraints, there wasn't a great could what's great deal he could do. what's really disappointing, think really disappointing, i think about government, the about this government, is the failure grips with the failure to get to grips with the fundamentals, and the fundamentals, and the fundamentals really concern government spending . you cannot government spending. you cannot get the tax burden
now you criticise the obr with some good reason , the obr with some good reason, but i think, you know tories, your party set up the obr. i thought it was a good idea at the time. so did i. and actually i still think to some extent it's a good idea. and i think there in principle at the beginning to overspending beginning to stop overspending and labour and over borrowing by a labour government. thought it was government. and i thought it was well by robert chote, who well run by robert chote,...
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the obr in the autumn by reducing the penalty on work.in 10 vacancies throughout the economy lower taxes, more jobs and higher growth. today, because of the progress we have made bringing down inflation because of the additional investment thatis of the additional investment that is flowing into the economy, because we have a plan for better and more efficient pubuc for better and more efficient public services and because we have asked those with the broadest shoulders to pay a bit more up order. >> mr perkins . i can more up order. >> mr perkins. i can i can manage, thank you very much . manage, thank you very much. five times i've heard what you said . i let you away with it. said. i let you away with it. now that's enough . one more now that's enough. one more strike and you're out . strike and you're out. >> madam deputy speaker, i do know how hard it is for them to listen to arguments for lower taxes, but that that is the difference because we have asked those with the broadest shoulders to pay a bit more. todayi shoulders to pay a
the obr in the autumn by reducing the penalty on work.in 10 vacancies throughout the economy lower taxes, more jobs and higher growth. today, because of the progress we have made bringing down inflation because of the additional investment thatis of the additional investment that is flowing into the economy, because we have a plan for better and more efficient pubuc for better and more efficient public services and because we have asked those with the broadest shoulders to pay a bit more up...
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Mar 4, 2024
03/24
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the obr is likely to lower the estimate of how much room he has, and that is probably an over estimate anyway. so he has very little space. he could opt for different things. it looks like he's going to concentrate more on their household than all businesses, therefore two major taxes, one is income tax, other is national insurance contribution. income tax is our broader tax and it would cost him more money whereas national insurance contribution focuses on people at work and would cost him a little bit less. having a bit less money to play with, like that give as a clearer sense of the conservative priorities here because we know there might be an election coming? it is actually who that money goes to, where they want to target votes? that who that money goes to, where they want to target votes?— want to target votes? that is a very aood want to target votes? that is a very good question _ want to target votes? that is a very good question because _ want to target votes? that is a very good question because it _ want to target votes? that is a very good question because it does - want
the obr is likely to lower the estimate of how much room he has, and that is probably an over estimate anyway. so he has very little space. he could opt for different things. it looks like he's going to concentrate more on their household than all businesses, therefore two major taxes, one is income tax, other is national insurance contribution. income tax is our broader tax and it would cost him more money whereas national insurance contribution focuses on people at work and would cost him a...
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Mar 19, 2024
03/24
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you mentioned the election and the obr, it is an institution we respect and one of the changes rachelhave stability in the economy which has been lacking in recent years. £311" in the economy which has been lacking in recent years. our public services at — lacking in recent years. our public services at breaking _ lacking in recent years. our public services at breaking point - lacking in recent years. our public services at breaking point or - lacking in recent years. our public services at breaking point or not? | services at breaking point or not? yes, many public services are. ilrfufhy yes, many public services are. why sin u- to yes, many public services are. why sign up to a — yes, many public services are. why sign up to a budget that implies big cuts after the next election. we know that _ cuts after the next election. - know that anything we promise has to be fully costed and fall —— fully funded. be fully costed and fall -- fully funded. . , be fully costed and fall -- fully funded. ., , ., ., , ., funded. that is not a question i asked. funded. that is not a question i aske
you mentioned the election and the obr, it is an institution we respect and one of the changes rachelhave stability in the economy which has been lacking in recent years. £311" in the economy which has been lacking in recent years. our public services at — lacking in recent years. our public services at breaking _ lacking in recent years. our public services at breaking point - lacking in recent years. our public services at breaking point or - lacking in recent years. our public...
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, inevitably comes with the obr, we haven't seen the obr.i've said this consistently, though i do think the british people deserve more of their own money back. you know, it's a fact. this isn't even a discussion point anymore. we have the highest tax burden in over years. over 70 years. >> quick question why? >> quick question why? >> why do we have . because we >> why do we have. because we don't seem to spending money don't seem to be spending money on anything. >> well, we but we are >> well, we are, but we are every department everywhere. >> what. >> no matter what. >> no matter what. >> is teaching a lot of our money. >> but but people are saying you're not spending enough, you're not spending enough, you're not spending it in schools. >> you're not spending the >> you're not spending in the real, not spending in hospitals. >> what spend? >> so what do they spend? >> so what do they spend? >> discussion. first of all, >> discussion. so first of all, we are spending significant amounts public money. amounts of public money. we're at now
, inevitably comes with the obr, we haven't seen the obr.i've said this consistently, though i do think the british people deserve more of their own money back. you know, it's a fact. this isn't even a discussion point anymore. we have the highest tax burden in over years. over 70 years. >> quick question why? >> quick question why? >> why do we have . because we >> why do we have. because we don't seem to spending money don't seem to be spending money on anything....
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Mar 3, 2024
03/24
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we and the obr is stopping this happening-— and the obr is stopping this happening. and the obr is stoppingill see what the chancellor says about _ happening. we will see what the chancellor says about that - happening. we will see what the chancellor says about that for i happening. we will see what the l chancellor says about that for you and other businesses campaigning on that so tourists could get duty—free to encourage them to shop in the uk. vicky, what would you like to hear jeremy hunt say today?— vicky, what would you like to hear jeremy hunt say today? we've heard a lot about what — jeremy hunt say today? we've heard a lot about what he _ jeremy hunt say today? we've heard a lot about what he may _ jeremy hunt say today? we've heard a lot about what he may or _ jeremy hunt say today? we've heard a lot about what he may or may - jeremy hunt say today? we've heard a lot about what he may or may not - jeremy hunt say today? we've heard a lot about what he may or may not say| lot about what he may or may not say is people _ lot about what he may or may not say is people in _ lot abou
we and the obr is stopping this happening-— and the obr is stopping this happening. and the obr is stoppingill see what the chancellor says about _ happening. we will see what the chancellor says about that - happening. we will see what the chancellor says about that for i happening. we will see what the l chancellor says about that for you and other businesses campaigning on that so tourists could get duty—free to encourage them to shop in the uk. vicky, what would you like to hear jeremy...
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Mar 10, 2024
03/24
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to be fair, you didn't the obr, and that didn't consult the obr, and that might have why budget mightdget went rails. sure. but went off the rails. sure. but are now, sort of having are the obr now, sort of having far much influence on the far too much influence on the contents of the budget? >> think they're very >> so i think they're very powerful organisation. and the reason they're more powerful reason why they're more powerful now is that we try to cut them out. liz truss and i tried to cut them out. >> why did you decide to do that? >> i think the feeling was that we on with we just wanted to get on with things. the prime things. i think the prime minister very keen to press minister was very keen to press her program, she that her program, and she knew that if she went through the obr, a lot things she wanted to lot of the things she wanted to achieve would have been prevented, essentially. >> there's an agreement that >> so there's an agreement that the abr has become all too powerful. powerful. i mean, >> it's very powerful. i mean, there's that too there's no question that t
to be fair, you didn't the obr, and that didn't consult the obr, and that might have why budget mightdget went rails. sure. but went off the rails. sure. but are now, sort of having are the obr now, sort of having far much influence on the far too much influence on the contents of the budget? >> think they're very >> so i think they're very powerful organisation. and the reason they're more powerful reason why they're more powerful now is that we try to cut them out. liz truss and i...
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Mar 3, 2024
03/24
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so, there's a lot of criticism of these rules and the obr. and is it fair criticism?te in, where the obr marks the homework before the budget and where the fiscal rules are set in the way that law is discussed with the chancellor, is it fair to think that this has constrained normal actions of a chancellor elected by the people? there's lots of different moving bits in that, so let's share some. it's a very long question, paddy, so we can share some blame around. i mean, look, the underlying thing that's making things difficult is the substance, which is the economy is not growing very fast. difficult is the substance, which is the economy's not growing very fast. tax revenues aren't coming in as fast as we would like to see. a higher inflation era has put lots of pressure on public services who also have to pay for things. so, it's the substance that's mainly making things hard and everything else is small compared to that. in terms of the policy freedom, then the chancellor chooses the fiscal rule. and if we're honest — and you didn't get into this on the show this
so, there's a lot of criticism of these rules and the obr. and is it fair criticism?te in, where the obr marks the homework before the budget and where the fiscal rules are set in the way that law is discussed with the chancellor, is it fair to think that this has constrained normal actions of a chancellor elected by the people? there's lots of different moving bits in that, so let's share some. it's a very long question, paddy, so we can share some blame around. i mean, look, the underlying...
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Mar 26, 2024
03/24
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but forecast by the obr contain for day-to-day spending.- forecast by the obr contain for day-to-daycted department— forecast it is not a protected department so— forecast it is not a protected department so it _ forecast it is not a protected department so it is - forecast it is not a protected department so it is forecastl forecast it is not a protected i department so it is forecast not forecast it is not a protected - department so it is forecast not to have _ department so it is forecast not to have any— department so it is forecast not to have any increase _ department so it is forecast not to have any increase in _ department so it is forecast not to have any increase in the _ department so it is forecast not to have any increase in the spending | department so it is forecast not to l have any increase in the spending in that department. _ have any increase in the spending in that department. gill— have any increase in the spending in that department. till i _ have any increase in the spending in that department.— that department. all i can say is the spending — that departmen
but forecast by the obr contain for day-to-day spending.- forecast by the obr contain for day-to-daycted department— forecast it is not a protected department so— forecast it is not a protected department so it _ forecast it is not a protected department so it is - forecast it is not a protected department so it is forecastl forecast it is not a protected i department so it is forecast not forecast it is not a protected - department so it is forecast not to have _ department so it is...
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the obr make an estimate of where that will get to based on what the office for national statistics sayor national statistics say, it's a small increase on the numbers. the ons previously said. what i'm saying is we've got to change that . got to change that. >> that just isn't good enough. they've promised in every manifesto since 2010 to bring net migration down to tens of thousands. they promised it in 2010, 2015, 2017 and in 2019, they said they would get immigration under control. him now to sit there and say it's unsustainable . well, the office unsustainable. well, the office of budget responsibility, upon whom he seems to rely so much, say that for his numbers to work , we're going to need net migration at 315,000 people. net every single year. and he can tell you he can talk about afghanistan. he can talk about afghanistan, ukraine, hong kong. even if you take those numbers out , net even if you take those numbers out, net migration is still running at historic highs in this country. and so the question i want to put to you is, do you believe anything that jeremy hunt says fara
the obr make an estimate of where that will get to based on what the office for national statistics sayor national statistics say, it's a small increase on the numbers. the ons previously said. what i'm saying is we've got to change that . got to change that. >> that just isn't good enough. they've promised in every manifesto since 2010 to bring net migration down to tens of thousands. they promised it in 2010, 2015, 2017 and in 2019, they said they would get immigration under control....
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Mar 13, 2024
03/24
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that has been verified by the obr.at more we can do.— continue to look very carefully at more we can do. so are you saying we can exect more we can do. so are you saying we can exnect a — more we can do. so are you saying we can exnect a plan _ more we can do. so are you saying we can expect a plan to — more we can do. so are you saying we can expect a plan to get _ more we can do. so are you saying we can expect a plan to get back - more we can do. so are you saying we can expect a plan to get back under i can expect a plan to get back under the welfare — can expect a plan to get back under the welfare cap?— the welfare cap? specifically with resect to the welfare cap? specifically with respect to the — the welfare cap? specifically with respect to the welfare _ the welfare cap? specifically with respect to the welfare cap - the welfare cap? specifically with respect to the welfare cap we i the welfare cap? specifically with i respect to the welfare cap we need to see where we are at the start of the next parliament.
that has been verified by the obr.at more we can do.— continue to look very carefully at more we can do. so are you saying we can exect more we can do. so are you saying we can exnect a — more we can do. so are you saying we can exnect a plan _ more we can do. so are you saying we can expect a plan to — more we can do. so are you saying we can expect a plan to get _ more we can do. so are you saying we can expect a plan to get back - more we can do. so are you saying we can expect a plan...
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Mar 16, 2024
03/24
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what's happening by the obr. nothing's really getti the lone. what's happening by the obr.getti the nhs aparts happening by the obr. nothing's really getti the nhs aparts hapthemg with the nhs apart from them going cetera, et going green. et cetera, et cetera, anyway, different cetera, etc. anyway, different story now. lord sewell of sanderstead, say, sanderstead, easy for me to say, has the church of has criticised the church of england's slavery england's £1 billion slavery reparation that reparation fund. he said that britain is much less racist than it years ago. lord it was 40 years ago. lord sewell, the government's equality tsar, has claimed that the move the church of the move by the church of england political and done england was political and done just show . that is england was political and done just show. that is on england was political and done just show . that is on the just for show. that is on the front of the times tomorrow. so the church is, quote, playing the church is, quote, playing the race card. alex your views. yeah. >> look, i mean, britain compe
what's happening by the obr. nothing's really getti the lone. what's happening by the obr.getti the nhs aparts happening by the obr. nothing's really getti the nhs aparts hapthemg with the nhs apart from them going cetera, et going green. et cetera, et cetera, anyway, different cetera, etc. anyway, different story now. lord sewell of sanderstead, say, sanderstead, easy for me to say, has the church of has criticised the church of england's slavery england's £1 billion slavery reparation that...
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there's the obr, which watches the finance. there watches over the finance.he studio. i want to i want to finish today's show with a few emails. been emails. if i could. it's been hundreds you hundreds and hundreds of you getting listen to getting in touch. listen to this. says this. if the this. peter says this. if the following included following had been included in the budget then feel that it the budget, then i feel that it would moved the dial would have moved the dial for the tories hunt said all the tories if hunt had said all benefits to illegal benefits handouts to illegal migrants will save £14 billion, which in return would allow us to give everyone a tax cut and stop the pull factor for boats crossings. that would have got my vote. so who says this? our pensions are rising and that's good. but my rent has gone up nearly £8 a week plus my council tax has gone through the roof, my water bill has risen, my rent at garage has gone up and my phone contract has gone up almost £5 a month. so the extra £5,059 a month increase has all been swallowed up. y
there's the obr, which watches the finance. there watches over the finance.he studio. i want to i want to finish today's show with a few emails. been emails. if i could. it's been hundreds you hundreds and hundreds of you getting listen to getting in touch. listen to this. says this. if the this. peter says this. if the following included following had been included in the budget then feel that it the budget, then i feel that it would moved the dial would have moved the dial for the tories hunt...
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Mar 26, 2024
03/24
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KSTS
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le estamos pidiendo a dios que obre en su vida con un milagro.ue iba en una cuatrimoto. le diremos en dónde ocurrió. y condiciones estables para esta noche y mañana. pero no guarde el paraguas para más lluvias a mitad de semana. más detalles luego de la pausa. nuestras historias se mantienen vivas cuando pasamos la antorcha a las próximas generaciones. cuando la familia llama un. la corriente interior nos une porque nos alimentamos del camino recorrido por aquellos que vinieron antes que nosotros, manteniendo viva nuestra esencia y nuestra herencia. ahora, arrendatarios bien calificados pueden arrendar la rambler sport 2024 por 329 al mes. u obtén 15% menos del msrp en la jeep gladiator 2023. college geary potrero hill. los. no me no me confunden. me. los me no me no me no. un conductor hispano se encuentra grave en el hospital luego que un motociclista que conducía a exceso de velocidad se estrelló contra su furgoneta. conversamos con la familia del hombre, quienes dicen esperan un milagro. le estamos pidiendo a dios que obre en su vida con un m
le estamos pidiendo a dios que obre en su vida con un milagro.ue iba en una cuatrimoto. le diremos en dónde ocurrió. y condiciones estables para esta noche y mañana. pero no guarde el paraguas para más lluvias a mitad de semana. más detalles luego de la pausa. nuestras historias se mantienen vivas cuando pasamos la antorcha a las próximas generaciones. cuando la familia llama un. la corriente interior nos une porque nos alimentamos del camino recorrido por aquellos que vinieron antes que...
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Mar 4, 2024
03/24
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looking at plans that are not particularly realistic but a little bit more, or at least within the obrs that we're likely to hear this week. in the us, all eyes are on the chip—maker nvidia — which has become the world's third most valuable company. the darling of the artificial intelligence boom is now valued at two trillion dollars — only apple and microsoft are valued higher. nvidia's share prices has rocketed 66% since the start of 2024 alone. let's cross to new york and speak to our north america business correspondent, erin delmore. talk us through this meteoric rise? i remember back in february reporting that nvidia beat out apple to become the third most valuable company in the us and that was just after it beat out amazon. there is one thing going on here and that is the interest in this company right now, its stock price is growing faster than others in this ai race. nvidia's controls around 80% of the ai chip market, that's the components and processes that are used to capitalise and build on this ai technology. it is coming from a strong base, its stock price more than trip
looking at plans that are not particularly realistic but a little bit more, or at least within the obrs that we're likely to hear this week. in the us, all eyes are on the chip—maker nvidia — which has become the world's third most valuable company. the darling of the artificial intelligence boom is now valued at two trillion dollars — only apple and microsoft are valued higher. nvidia's share prices has rocketed 66% since the start of 2024 alone. let's cross to new york and speak to our...
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Mar 6, 2024
03/24
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the obr, office of budget responsibility predicts the economy is going to grow and add 1.9% we are currentlyhnical recession. inflation rate forecast to fall below 2% target this year but the underlying debt... but the underlying debt, excluding bank of england debt, is forecast to be 91.7% of gdp this year, rising to 92.8% next year. the government also kept a freeze on alcohol duty, there is a lot to chew over and we have tried to bring up to date on the main headlines but our political correspondent helen catt has more in this report. is this an election—winning budget, chancellor? - asjeremy hunt posed for the last budget photo call before an election, he would have known that a lot was riding on the speech inside that that box. the economy has dipped into recession. the polls suggest that support for the conservatives remain stubbornly low. mr hunt and the tories have pinned their hopes on offering tax cuts. mr chancellor of the exchequer. hear, hear. the big new measure, much—publicised in advance, was a further cut of 2p in national insurance from april. when combined with the autumn
the obr, office of budget responsibility predicts the economy is going to grow and add 1.9% we are currentlyhnical recession. inflation rate forecast to fall below 2% target this year but the underlying debt... but the underlying debt, excluding bank of england debt, is forecast to be 91.7% of gdp this year, rising to 92.8% next year. the government also kept a freeze on alcohol duty, there is a lot to chew over and we have tried to bring up to date on the main headlines but our political...
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Mar 7, 2024
03/24
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KQED
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. >> today's obr forecast also shows that we have made good progress on the prime minister's three economics compared to when the three pledges were made, inflation is have, that is falling in line with fiscal rules, and growth is 1.5 percentage points higher than predicted. and as growth returns, they don't have a growth plan, so they may as well listen two hours -- to ours. as growth returns, our plan is for economic growth, not sustained through migration, but one that raises wages and living standards for families. not just higher gdp but higher gdp per head, and that means sticking with our plan for long-term budget for road, better public services, and lower taxes. christian: the chancellor is trying to follow his own fiscal rules which mean that debt as a percentage of national income coming down between the fourth and fifth year of his forecast. there are those who think you can run a hired debt to gdp. lots of countries do that, the united states is a good example. but jeremy hunt is fiscally conservative, so there were no budgets or no formal plans, just a vague penciled figure wh
. >> today's obr forecast also shows that we have made good progress on the prime minister's three economics compared to when the three pledges were made, inflation is have, that is falling in line with fiscal rules, and growth is 1.5 percentage points higher than predicted. and as growth returns, they don't have a growth plan, so they may as well listen two hours -- to ours. as growth returns, our plan is for economic growth, not sustained through migration, but one that raises wages and...
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he's now believing obr , the office of believing the obr, the office of budget responsibility , whichch gets forecast wrong . so gets every forecast wrong. so he's enslaved himself to this group of failures and i just don't understand. >> he could argue that he steadied the ship. the cost of government borrowing has gone down. has halved, and down. inflation has halved, and we've had a slight recession, but largely remained in positive growth. he can. >> but actually the cost of the borrowing has gone up. but that's not his fault. interest rates gone actually rates have gone up and actually rishi sunak should have borrowed money at half a percent when he had dunng money at half a percent when he had during covid. had the chance during covid. so that fault . but he that was sunaks fault. but he doesn't inspire confidence that he is an entrepreneurial budget. chancellor and that is the condemnation of him. i mean, he doesn't all the time show up. the fallacy of labour's policy that they have no plan, they have no actual project for improving the creation of wealth in this country , beca
he's now believing obr , the office of believing the obr, the office of budget responsibility , whichch gets forecast wrong . so gets every forecast wrong. so he's enslaved himself to this group of failures and i just don't understand. >> he could argue that he steadied the ship. the cost of government borrowing has gone down. has halved, and down. inflation has halved, and we've had a slight recession, but largely remained in positive growth. he can. >> but actually the cost of the...
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Mar 29, 2024
03/24
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we are going through an era where obr are getting lots of long spalling sprawling albums.d saw beyonce staking a claim into every aspect of traditional country and modern country, at genre that has traditionally been a white male preserve. i have been looking into the history of country music back when cats —— patsy cline broke through in the 1950s. only 13% of country music airplay was devoted to women. today it is still only 13%. there is also a problem with diversity in country music, there are i think about 5% of country music airtime is devoted to black people and that trend has worsened since 2,000 and 10 cents pro country came in and we started to see these white country rappers increasingly celebrating caucasian troops like blonde hair, freckles and blue eyes and beyonce, who grew up in country music, is a texan girl, shejust rides a horse right through this and says this is music for everyone. you says this is music for everyone. you sa that says this is music for everyone. you say that you — says this is music for everyone. you say that you were — says this is mu
we are going through an era where obr are getting lots of long spalling sprawling albums.d saw beyonce staking a claim into every aspect of traditional country and modern country, at genre that has traditionally been a white male preserve. i have been looking into the history of country music back when cats —— patsy cline broke through in the 1950s. only 13% of country music airplay was devoted to women. today it is still only 13%. there is also a problem with diversity in country music,...
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Mar 24, 2024
03/24
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what we saw in the budget was, because we have a plan for growth, the obr say that we will get back to can start to make very important... labour's party chair was asked what they would do. we'll set out those plans for our manifesto in detail. however, we don't want them to be threatened by that £46 billion black hole that, unfortunately, jeremy hunt has threatened with the national insurance change he proposed. the labour spokesperson told the bbc they are committed to the triple lock, too, but won't confirm it will be in their election manifesto. the liberal democrats dismissed mr hunt's pledge as a shameless election trick, but they have already committed to it themselves. this election year, all parties will have to spell out whether they think the policy really is affordable in the long term, with an economy that isn't out of the woods yet. georgia roberts, bbc news. the prince and princess of wales say they have been moved by the public�*s warmth and support, since catherine's announcement on friday, that she is receiving cancer treatment. a statement from kensington palace, als
what we saw in the budget was, because we have a plan for growth, the obr say that we will get back to can start to make very important... labour's party chair was asked what they would do. we'll set out those plans for our manifesto in detail. however, we don't want them to be threatened by that £46 billion black hole that, unfortunately, jeremy hunt has threatened with the national insurance change he proposed. the labour spokesperson told the bbc they are committed to the triple lock, too,...
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Mar 24, 2024
03/24
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we can see that now inflation has come down — living standards, which the obr thought was actually goingey've actually risen. i think also what you heard slightly in that clip and more generally injeremy hunt's interview was the challenge for the conservatives in making this argument that the corner has turned without sounding deaf to people's individual circumstances. and i think that's a particular political challenge for rishi sunak. because, let's be frank, one thing that almost everyone knows about rishi sunak is that he's extremely rich, and you hear the labour party insinuate his wealth in so many things that they say about him, even if they're not directly saying that he's rich. now, the risk, the political risk for rishi sunak, in sounding so positive about the economy, is that it actually reinforces the sense that he doesn't understand, doesn't face the same economic circumstances as so many voters across the country. conversely, if he sounds, if he allows that to become too much in his head and is sort of overly gloomy about the economy, then he won't be talking about what he
we can see that now inflation has come down — living standards, which the obr thought was actually goingey've actually risen. i think also what you heard slightly in that clip and more generally injeremy hunt's interview was the challenge for the conservatives in making this argument that the corner has turned without sounding deaf to people's individual circumstances. and i think that's a particular political challenge for rishi sunak. because, let's be frank, one thing that almost everyone...
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Mar 27, 2024
03/24
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le estamos pidiendo a dios que obre en su vida con un milagro.resultó herido de gravedad en una colisión el pasado 20 de marzo, la policía de antioch dice que un motociclista de 20 años estaba haciendo piruetas en el centro de esa ciudad y no respetó una señal de alto chocando contra la furgoneta de cervantes. el capitán en funciones de la policía de antioch dice que su oficina está justo al frente de donde sucedió el accidente. dice que él fue testigo de cómo el motociclista caía al suelo y vio como la camioneta blanca retrocedía sin control producto del accidente. el motociclista de 20 años murió en la escena, mientras que cervantes presenta fracturas en el hombro, costillas, la espalda y la médula espinal, así como otras heridas. se encuentra en coma en el hospital el tragically changed forever because of this vigil nos comenta que reza por ambas familias, ya que después del accidente sus vidas cambiaron de un momento a otro. estamos orando por consuelo a su madre en estos momentos difíciles porque nosotros pudimos esperar un milagro, pero esa
le estamos pidiendo a dios que obre en su vida con un milagro.resultó herido de gravedad en una colisión el pasado 20 de marzo, la policía de antioch dice que un motociclista de 20 años estaba haciendo piruetas en el centro de esa ciudad y no respetó una señal de alto chocando contra la furgoneta de cervantes. el capitán en funciones de la policía de antioch dice que su oficina está justo al frente de donde sucedió el accidente. dice que él fue testigo de cómo el motociclista caía...
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you know the country is not and by the way, norman, the >> and by the way, norman, the obr increasedst for net migration yesterday they up yesterday as well. they did up to 315,000 from 245. gdp per capha to 315,000 from 245. gdp per capita fell by 0.7% last year, blowing apart the myth, it's argued that migration is good for growth. >> well, indeed, i mean, and i'm just saying to renee of off camera that we end up with all these things being smuggled out on, on news days, when , when on, on news days, when, when there's a big news story like there's a big news story like the budget or a royal birth or something, i look through the papers what else is papers for what else is happening, a lot of happening, because a lot of stuff's smuggled out under stuff's been smuggled out under those stuff's been smuggled out under tho why don't the tories, why >> why don't the tories, why don't they that don't they get it? that migration is the number one issue. know their voters. >> they seem absolutely glued to this world that if we this global world that if we just all in together as one just a
you know the country is not and by the way, norman, the >> and by the way, norman, the obr increasedst for net migration yesterday they up yesterday as well. they did up to 315,000 from 245. gdp per capha to 315,000 from 245. gdp per capita fell by 0.7% last year, blowing apart the myth, it's argued that migration is good for growth. >> well, indeed, i mean, and i'm just saying to renee of off camera that we end up with all these things being smuggled out on, on news days, when ,...
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Mar 26, 2024
03/24
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KSTS
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le estamos pidiendo a dios que obre en su vida con un milagro igual para la otra familia.. es que, según la policía, un motociclista de 20 años conducía de forma imprudente. se habría pasado una señal de alto, se estrelló contra la camioneta de cervantes. la familia dice que cervantes está en estado crítico y entre las lesiones tendría la médula espinal rota y se encuentra en coma. la patrulla de caminos de california está advirtiendo a los conductores que se atreven a llevar a un copiloto falso para usar el carril exprés sin pagar, que les va a salir más caro que eso. 238 $ de multa. estaría teniendo que pagar una persona si es descubierta. haciendo eso, yendo con un pasajero falso como es en estas fotografías que ha pasado, la patrulla de caminos publicó esta imagen. insisto, como recordatorio de lo que podría sucederle si infringe la ley. de veras? eso pues no se vale. no se vale. la policía no, no va a caer en eso, porque siempre están pendientes de quienes están infringiendo de esa forma. oye, llevan muñecos inflables. llevan cualquier cosa. se las inventan para poner
le estamos pidiendo a dios que obre en su vida con un milagro igual para la otra familia.. es que, según la policía, un motociclista de 20 años conducía de forma imprudente. se habría pasado una señal de alto, se estrelló contra la camioneta de cervantes. la familia dice que cervantes está en estado crítico y entre las lesiones tendría la médula espinal rota y se encuentra en coma. la patrulla de caminos de california está advirtiendo a los conductores que se atreven a llevar a un...
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Mar 9, 2024
03/24
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we will mark your homework like a human version of the obr!e got to ask you the big question that has become the classic interview question this week, after the prime minister�*s interview with grazia, do you make your own bed? no, but i do load the dishwasher. 0k. i do walk the dog. and mrs may would approve, i do take the bins out. because that is a man'sjob. so i do that as well. chris, i want to know what you thought about that, seeing the prime minister talk about an unmade bed. after you had been talking to the nation about your unmade bed in that premier inn the other day. i should explain to newscasters and to mel, who may not have caught that particular newscast, that about a fortnight ago, i was in wellingborough, i was covering the by—election in wellingborough, i had woken up at about five in the morning to write a piece for the today programme and all the rest of it, and we were doing a newscast that was live on the iplayer at seven o�*clock in the morning. and i am in a budget hotel, and i got out of bed and went to the little de
we will mark your homework like a human version of the obr!e got to ask you the big question that has become the classic interview question this week, after the prime minister�*s interview with grazia, do you make your own bed? no, but i do load the dishwasher. 0k. i do walk the dog. and mrs may would approve, i do take the bins out. because that is a man'sjob. so i do that as well. chris, i want to know what you thought about that, seeing the prime minister talk about an unmade bed. after...
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Mar 24, 2024
03/24
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what we saw in the budget was, because we have a plan for growth, the obr sake we will get back to 2%id it will be in the manifesto, _ important commitment. you have said it will be in the manifesto, the - it will be in the manifesto, the triple lock. will it be in the tory manifesto that it will be in place to protect pensioners�* incomes for the whole duration of the next parliament if the conservatives were to surprise the polls and turn things around?— to surprise the polls and turn things around? to surprise the polls and turn thins around? ~ ,,., , ., ,, things around? absolutely, we make that commitment _ things around? absolutely, we make that commitment to _ things around? absolutely, we make that commitment to pensioners - things around? absolutely, we make that commitment to pensioners and | that commitment to pensioners and think it is very important. let�*s think it is very important. let's talk about _ think it is very important. let's talk about another _ think it is very important. let's talk about another difference between the two parties. if the economy does grow co
what we saw in the budget was, because we have a plan for growth, the obr sake we will get back to 2%id it will be in the manifesto, _ important commitment. you have said it will be in the manifesto, the - it will be in the manifesto, the triple lock. will it be in the tory manifesto that it will be in place to protect pensioners�* incomes for the whole duration of the next parliament if the conservatives were to surprise the polls and turn things around?— to surprise the polls and turn...
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Mar 19, 2024
03/24
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the obr finding that long—run gdp is expected to be 4% lower as a result of the government's brexit dealposed and exacerbated by our move from the great moderation into the age of insecurity. marked, first by stalling growth, stagnant living standards and political turbulence. increasingly, by global shocks. escalating geopolitical tensions and the challenges of climate change and the challenges of climate change and the net zero transition. let me put these in some perspective. in 1984, nigel lawson's mais lecture offered one of the clearest expositions of economic thought which underlay which he called the british experiment. his central contention was that the proper roles of a macro and micro economic policy were at the postwar accepted wisdom. that the postwar accepted wisdom. that the primary role of macro economic policy, was not, as it had once been, the maintenance of full employment, but the control of inflation. responsibility for growth and employment then, in the formulation of lawson, was the responsibility of micro economic policy. the reality is, lawson failed to follow t
the obr finding that long—run gdp is expected to be 4% lower as a result of the government's brexit dealposed and exacerbated by our move from the great moderation into the age of insecurity. marked, first by stalling growth, stagnant living standards and political turbulence. increasingly, by global shocks. escalating geopolitical tensions and the challenges of climate change and the challenges of climate change and the net zero transition. let me put these in some perspective. in 1984,...
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jeremy hunt unveils a labour budget written by the obr.designed a budget singularly around let's not do anything controversial instead of what will help people's lives or get votes. now, i found that baffling initially , but then baffling initially, but then last night i realised what's happening . they've stopped happening. they've stopped caring. they don't want to do what it takes to sort any of this stuff out, because all they're bothered about now is protecting their legacy. on the dinner party circuit. theresa may is the latest rat to jump off the sinking ship. she won't be running for re—election . she be running for re—election. she joins 58 other conservative mps. i think it is now. it might have gone up in the last few minutes for ex conservative mps. one former snp mp who now sits with the conservatives, and five conservative mps who have said that they won't stand for re—election in their current seat but might give it a go somewhere else. so i think i make that now. 69 mps in total from our ruling party basically are off sajid
jeremy hunt unveils a labour budget written by the obr.designed a budget singularly around let's not do anything controversial instead of what will help people's lives or get votes. now, i found that baffling initially , but then baffling initially, but then last night i realised what's happening . they've stopped happening. they've stopped caring. they don't want to do what it takes to sort any of this stuff out, because all they're bothered about now is protecting their legacy. on the dinner...
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Mar 21, 2024
03/24
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the obr don't predict that, do you still stand by that forecast?tand by that forecast? , ., , that forecast? does the forecast we made at the — that forecast? does the forecast we made at the beginning _ that forecast? does the forecast we made at the beginning of— that forecast? does the forecast we made at the beginning of february. made at the beginning of february and we'll do another one in the beginning of may. we had that fee backin beginning of may. we had that fee back in february because we are going to see a drop in inflation —— that feedback because when the next ofjim price setting takes effect, the april number that comes out in may —— the next ov —— next ofgem price. may -- the next ov -- next ofgem rice. n. ~ may -- the next ov -- next ofgem rice. ~ . . may -- the next ov -- next ofgem rice. ~' . , , may -- the next ov -- next ofgem rice. ~ . , , ., ., price. market cuts, is that what eo - le price. market cuts, is that what people should _ price. market cuts, is that what people should expect? - price. market cuts, is that what peo
the obr don't predict that, do you still stand by that forecast?tand by that forecast? , ., , that forecast? does the forecast we made at the — that forecast? does the forecast we made at the beginning _ that forecast? does the forecast we made at the beginning of— that forecast? does the forecast we made at the beginning of february. made at the beginning of february and we'll do another one in the beginning of may. we had that fee backin beginning of may. we had that fee back in february...
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Mar 3, 2024
03/24
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but you said also, that the forecast from the obr, which is the economic watchdog which marks your homework said that the numbers have gone against us. so the picture is bleaker than it was at the beginning of the year? why then are you looking now to cut taxes at all? these forecasts change the whole time. what happened in the autumn was that the forecast went in our favour unexpectedly, quite close to the end. so i was able to introduce the biggest business tax cuts that people like the cbi said was a game changer that would fire up the british economy... but i'm asking about now. there's people that look at the state of the economy and think, now was not the time. the imf have said that, the cbi, the business group said now isn't time for short—term tax cuts. some of your colleagues also think you shouldn't be doing it, you be instead spending spare cash on something hugely important things like defence, for example. is it not right to be looking to spend many in other places, rather than scraping around for quite a small tax cuts? if we're going to spend more money on defence, which i b
but you said also, that the forecast from the obr, which is the economic watchdog which marks your homework said that the numbers have gone against us. so the picture is bleaker than it was at the beginning of the year? why then are you looking now to cut taxes at all? these forecasts change the whole time. what happened in the autumn was that the forecast went in our favour unexpectedly, quite close to the end. so i was able to introduce the biggest business tax cuts that people like the cbi...
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Mar 6, 2024
03/24
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today's obr forecast also shows that we have made good progress on the prime minister's three economicriorities. compared to when the three pledges were made, inflation has halved, debt is falling in line with our fiscal rules, and growth is fully 1.5 percentage points higher than predicted. clamouring. and as growth returns... they don't have a growth plan, so they might as well listen to ours! as growth returns, our plan is for economic growth, to improve efficiency. neither are right. it's not fair to ask taxpayers to pay for more when public service productivity has fallen. nor would it be wise to reduce that funding given the pressures that tax as other uk residents. the chancellor said, all in all, it was a tax cutting budget. that might raise eyebrows. the overall tax burden is as high as it has been since 1948. but the chancellor insists the conservatives will always stick to their broader philosophy. we believe that in a free society, the money you earn doesn't belong to the government. it belongs to you. hear, hear! and if we want to encourage hard work, we should let people
today's obr forecast also shows that we have made good progress on the prime minister's three economicriorities. compared to when the three pledges were made, inflation has halved, debt is falling in line with our fiscal rules, and growth is fully 1.5 percentage points higher than predicted. clamouring. and as growth returns... they don't have a growth plan, so they might as well listen to ours! as growth returns, our plan is for economic growth, to improve efficiency. neither are right. it's...
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so usually go and work the obr.t can be a and, and i think that can be a bit of a problem. and look, i the figures are certainly not made up, but i think anyone made up, but they i think anyone who's not involved in this world looks at it and sees that, you know, one month the forecast was one thing, and then a few months later, it's revised to be something completely different. and it always looks a bit odd because you were managing because if you were managing your finances, your household finances, you wouldn't that . wouldn't be able to do that. >> well, the prime minister, i'm not sure what he does in the household he's household generally, but he's he's too busy worry he's a bit too busy to worry about looking at a lot of things at the minute because he's too busy stacking the dishwasher and making and i'll tell us why. >> well, do you remember during covid when he was chancellor and his nickname was dishy rishi? we now know that that's literal. he loves doing the dishes. he loves restacking the dishes. after
so usually go and work the obr.t can be a and, and i think that can be a bit of a problem. and look, i the figures are certainly not made up, but i think anyone made up, but they i think anyone who's not involved in this world looks at it and sees that, you know, one month the forecast was one thing, and then a few months later, it's revised to be something completely different. and it always looks a bit odd because you were managing because if you were managing your finances, your household...
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and if we take those three fiscal events together, the obr has been clear. this will boost gdp by 0.7% as a direct result of our actions. like i said, it is a balancing act, but we're moving forward to a much brighter future with higher growth. >> let me weigh in on the opposition because the chancellor, rachel reeves, was also talking yesterday about borrowing only to invest and also matching the prime minister's fiscal rule when it comes to public debt. the message we're getting throughout the city of london is there's nothing scary around the opposition when it comes to business-friendly policies here. would you agree with that? is this good news for investors and for business people? >> i think investors and businesspeople should be assured that in this country, we have a very competitive and resilient economy, that it's a place people can come to to invest. i would point out to a lot of your viewers, that the opposition has very specific policies. it's hard to make an assessment what they would do in government. all we can can do is look at what they di
and if we take those three fiscal events together, the obr has been clear. this will boost gdp by 0.7% as a direct result of our actions. like i said, it is a balancing act, but we're moving forward to a much brighter future with higher growth. >> let me weigh in on the opposition because the chancellor, rachel reeves, was also talking yesterday about borrowing only to invest and also matching the prime minister's fiscal rule when it comes to public debt. the message we're getting...