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Sep 12, 2024
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that's the warning from the government's official forecaster, the office for budget responsibility.eing population, climate change, and rising geopolitical tensions will all put increasing pressure on the public finances — according to the 0br's report. and it says without extra tax revenues or a return to post—war productivity levels, the public finances are not sustainable over the long term, and "something has got to give". uk national debt is currently at almost 100% of the size of its annual economy output or gdp. the 0br says its base scenario is a national debt of 274% of gdp in 2071. risks from war, disease, cyber—conflict and trade tensions could push that even higher. by 2071, the 0br expects the uk to be spending more than £200 billion extra per year on things like health, social care and pensions. the chair of the 0br richard hughes spoke to the bbc earlier. health is the single largest item in the government budget, and it's also one of the biggest sources of upward pressure on government spending over our 50 year projections and that is because you've got an ageing soc
that's the warning from the government's official forecaster, the office for budget responsibility.eing population, climate change, and rising geopolitical tensions will all put increasing pressure on the public finances — according to the 0br's report. and it says without extra tax revenues or a return to post—war productivity levels, the public finances are not sustainable over the long term, and "something has got to give". uk national debt is currently at almost 100% of the...
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Sep 23, 2024
09/24
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starting off of course by - starting off of course by raising the importance of the office for budget responsibilityiscal watchdog. responsibility which is the uk fiscalwatchdog. liz responsibility which is the uk fiscal watchdog. liz truss sidelined that during her mini budget back in 2022. rachel reeves is making that more important. she's ensuring she is going to raise or likely raise the amount of headroom left against her fiscal rules, the previous chancellor left a very thin margin of error of only £9 billion. which can easily get eaten up by anticipated spending. so she will look at those two to improve stability and clearly the uk has an investment problem and she has talked about that today, an industrial strategy will be geared towards trying to increase public and private investment and to boost the uk growth. private investment and to boost the uk growth-— the uk growth. thank you for our the uk growth. thank you for your analysis. _ it's been a busy few weeks for economic data in the us. last week we saw the central bank in the us cut rates by half a percent, a big move and the first ra
starting off of course by - starting off of course by raising the importance of the office for budget responsibilityiscal watchdog. responsibility which is the uk fiscalwatchdog. liz responsibility which is the uk fiscal watchdog. liz truss sidelined that during her mini budget back in 2022. rachel reeves is making that more important. she's ensuring she is going to raise or likely raise the amount of headroom left against her fiscal rules, the previous chancellor left a very thin margin of...
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Sep 1, 2024
09/24
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have inherited was much worse not just what we thought it was going to be, but what the office for budget responsibilitys of the in—year situation for the country's finances. so we have had to take some really difficult decisions that we would not have wanted to have taken around things like targeting and the winter fuel payments. the reason we do that is because the deficit was much higher than anyone thought, and the spending was higher than anyone thought, if we hadn't taken that action we would have seen a run on the pound, the economy crashing and the people who pay the price for that of the poorest and pensioners and those on fixed incomes. that was mp lucy powell a little bit earlier. but is there a positive that the government is trying to highlight? there are certainly labour mps who want to see that, they want more of a positive message because they worry there is too much gloom. part of the job of lucy powell is timetabling the agenda of parliament and what she was to say is that there is this packed agenda of legislation that the government is going to bring in, the biggest one day same of a
have inherited was much worse not just what we thought it was going to be, but what the office for budget responsibilitys of the in—year situation for the country's finances. so we have had to take some really difficult decisions that we would not have wanted to have taken around things like targeting and the winter fuel payments. the reason we do that is because the deficit was much higher than anyone thought, and the spending was higher than anyone thought, if we hadn't taken that action we...
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Sep 12, 2024
09/24
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that need not quite one of the other big stories of the day was this report from the office for budget responsibility the next 50 years, it will be up 70% of output. how much of that and extraordinary debt is how we run our health services? it’s run our health services? it's actually fairly _ run our health services? it�*s actually fairly efficient in terms of economics when you think about it. it's one of the better performing economies. the harder it is to predictive model these things. certainly, there needs to be some issue, and we know a good health care system is beneficial to the economy. unless there is some action there, we heard a lot about the issues today, alas we have some action by government, that will cause a very significant issues in future. professor rere, thank you for coming on. professor rere, thank you for coming on— around the world and across the uk, this is bbc news. welcome back, just a quick line of news to bring you that is come to us in the last few minutes. this is a posting on truth social, from donald trump, who said he will not be participating in a second debate wit
that need not quite one of the other big stories of the day was this report from the office for budget responsibility the next 50 years, it will be up 70% of output. how much of that and extraordinary debt is how we run our health services? it’s run our health services? it's actually fairly _ run our health services? it�*s actually fairly efficient in terms of economics when you think about it. it's one of the better performing economies. the harder it is to predictive model these things....
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Sep 25, 2024
09/24
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the office for budget responsibility says the cost to the government from sickness and disability benefit in an interview with our colleague nick robinson, the prime minister said the country needs to tackle benefit fraud "much more effectively". are you telling those who are out of work who may think that they can't work, that the country has a right to expect, that they look for work? they do everything they can to get work? that is the sacrifice they need to make? well, yes, of course, in relation to long term sickness, which is at very high levels, then of course people need to look for work, but they also need support. and that's why i've gone out to look at schemes where businesses are supporting people back into work from long term sickness, because quite often i think what lies behind this is a fear for someone who's been on long term sickness, that, "can they get back into the workplace? are they going to be able to cope? is it all going to go hopelessly wrong?" yes, they need to get back into the workplace where they can. but i do think if we can put the right support in place,
the office for budget responsibility says the cost to the government from sickness and disability benefit in an interview with our colleague nick robinson, the prime minister said the country needs to tackle benefit fraud "much more effectively". are you telling those who are out of work who may think that they can't work, that the country has a right to expect, that they look for work? they do everything they can to get work? that is the sacrifice they need to make? well, yes, of...
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Sep 10, 2024
09/24
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of course members opposite want to deny this is the case but the office for budget responsibility istal clear. they were only made aware of the true extent of the pressures on the public finances after we were elected. pressures, they say, constitute one of the largest overspend is outside of the pandemic. and faced with its reality, and the need to get the public finances on track, this year, we took the difficult decision to focus winter fuel payments on those in greatest need. i will indeed give way. in greatest need. i will indeed cive wa . �* . ., give way. i'm grateful and the issue of pension _ give way. i'm grateful and the issue of pension credit - give way. i'm grateful and the issue of pension credit uptake issue of pension credit uptake is clearly critically important and i know from discussions i have had in my constituency that there are some myths around this and ineligibility, so... ,, , ~ ., ., ., so... studio: we are going to come away — so... studio: we are going to come away from _ so... studio: we are going to come away from this - so... studio: we are going to c
of course members opposite want to deny this is the case but the office for budget responsibility istal clear. they were only made aware of the true extent of the pressures on the public finances after we were elected. pressures, they say, constitute one of the largest overspend is outside of the pandemic. and faced with its reality, and the need to get the public finances on track, this year, we took the difficult decision to focus winter fuel payments on those in greatest need. i will indeed...
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Sep 1, 2024
09/24
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recklessness of the previous government, we borrowed almost £5 billion more than the office for budget responsibilitylanned. the british, as the independent newspaper suggests, face higher taxes and cuts in budget spending. it has already been announced that government heating subsidies for 130,000 old people will be cancelled. their incomes have been deemed sufficient for them to cope with the high tariffs on their own. this support for ukraine, to which london has already provided almost £13 billion. the fact that such a position is not will change, was announced during a joint press conference between starmer and scholz in berlin. even before the elections, the labour party talked about the need to conclude a large british-european pact on defense and security. the british prime minister decided to start with the development of a comprehensive defense treaty with germany. starmer visited paris, where he agreed with macron on expanding. not cooperation between great britain and france. a defense treaty between them already exists, the so-called lancaster agreements. moreover, they regularly agree o
recklessness of the previous government, we borrowed almost £5 billion more than the office for budget responsibilitylanned. the british, as the independent newspaper suggests, face higher taxes and cuts in budget spending. it has already been announced that government heating subsidies for 130,000 old people will be cancelled. their incomes have been deemed sufficient for them to cope with the high tariffs on their own. this support for ukraine, to which london has already provided almost...
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even the office for budget responsibility didn't know about it.everyone knows that the british government has two enemies - russia and the previous government, and by their logic, the second enemy helped the first. since the country is in debt because of the conservatives, perhaps cuts in military spending in the face of, as the sun newspaper writes, the new axis of evil of russia, china, iran. that is, on the one hand , the british authorities press constantly fuel anti-russian hysteria, accuse putin of the problems they cannot cope with. it was putin who increased our bills, every family, every business feels it. they assure that in the face of russia, it is necessary to introduce universal military service, ex-prime minister army, because it will change our country. with was even ready to send his daughters to fight us. i have two little daughters, and i will be very glad if they go to serve in the other direction, it is constantly reported that it is on military needs that london will have to save due to the general financial downturn. the lab
even the office for budget responsibility didn't know about it.everyone knows that the british government has two enemies - russia and the previous government, and by their logic, the second enemy helped the first. since the country is in debt because of the conservatives, perhaps cuts in military spending in the face of, as the sun newspaper writes, the new axis of evil of russia, china, iran. that is, on the one hand , the british authorities press constantly fuel anti-russian hysteria,...
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Sep 13, 2024
09/24
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arabile spoke to the chair of the office for budget responsibility and asked him how worried the governmentd be >> the economists are people in markets and people making policy do need to worry about the trajectory of their government's public finances over the next 50 years. the levels of debt that we project reaching in 50 years time, the levels of debt in the uk soar after the world wars up to 270% gdp. at the moment, debt is 100% of gdp. you see debt at that level with the interest rates where they are and they are straining the fiscal ability highlighting that debt at 3% or it is absorbing everything for the government with the economy and the pressures of rising geopolitical risks there are a lot of demands on governments to take action to address the challenges, but the resources are scarce because so much is taken up by paying interest >> let's take a closer look at the uk equity market as we look ahead, the uk budget announcement in october. the director of research at edison group joins me to discuss this themes. >> good morning. >> i would like to get started on outlook for uk eq
arabile spoke to the chair of the office for budget responsibility and asked him how worried the governmentd be >> the economists are people in markets and people making policy do need to worry about the trajectory of their government's public finances over the next 50 years. the levels of debt that we project reaching in 50 years time, the levels of debt in the uk soar after the world wars up to 270% gdp. at the moment, debt is 100% of gdp. you see debt at that level with the interest...
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Sep 10, 2024
09/24
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concealed notjust from us, not just from you and working people, but even from the office for budget responsibilityg thatis responsibility, the watchdog that is there precisely to protect working people. and no one in this room want to hear such a gloomy forecast. i get that. but i don't want to be saying it either. it is not how any government would want to begin its work. yet, given what happened with liz truss, given that unlike iii years ago, borrowing costs are high and the risk of inflation is real, i owe working people the respect of economic stability. a responsibility not to be reckless with their money. that is the mandate we have one. and we will deliver this by fixing the foundations of our country, taking those first steps towards the long—term change that we need. that is how this government will return wealth creation to britain, to the service of working people because, congress, make no mistake, that is the opportunity here. this is not a project that we attempt to achieve a good few labour things and leave the broader economic settlement untouched. no. the crisis we have inherited
concealed notjust from us, not just from you and working people, but even from the office for budget responsibilityg thatis responsibility, the watchdog that is there precisely to protect working people. and no one in this room want to hear such a gloomy forecast. i get that. but i don't want to be saying it either. it is not how any government would want to begin its work. yet, given what happened with liz truss, given that unlike iii years ago, borrowing costs are high and the risk of...
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Sep 1, 2024
09/24
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thought it was going to be, but what the — thought it was going to be, but what the office for budget responsibility in terms of— for fiscal studies, much worse in terms of the in year situation for the country's finances _ situation for the country's finances. so we have had to take — finances. so we have had to take some really difficult decisions that we would not have — decisions that we would not have wanted to have taken around _ have wanted to have taken around things like targeting and the _ around things like targeting and the winter fuel payments. the reason we do that is because _ the reason we do that is because the deficit was much higher— because the deficit was much higher than anyone thought, and the spending was higher than anyone — the spending was higher than anyone thought, if we hadn't taken — anyone thought, if we hadn't taken that action we would have seen _ taken that action we would have seen a _ taken that action we would have seen a run — taken that action we would have seen a run on the pound, the economy— seen a run on the pound, the economy crashing and the people who p
thought it was going to be, but what the — thought it was going to be, but what the office for budget responsibility in terms of— for fiscal studies, much worse in terms of the in year situation for the country's finances _ situation for the country's finances. so we have had to take — finances. so we have had to take some really difficult decisions that we would not have — decisions that we would not have wanted to have taken around _ have wanted to have taken around things like...
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Sep 12, 2024
09/24
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how can you dismiss the office for budget responsibility as a bunch of lefties? to do so. it undermines your credibility. >> many forecasters the obr got right. >> how many? none. how many forecasts? anyone? anyone can get right obr. all they can do is do their best. >> no, they don't do their best. they're useless. they have been out by billions of pounds, not just years out. their forecasts. five years out are worthless. they are not worth the paper they're written on. they have been out by tens of billions of pounds months before the year end. >> you'd go for the liz truss model , >> you'd go for the liz truss model, presumably as a supporter of liz truss. do you think she did a good job with the british politicians? you think she was responsible for politicians making decisions on the basis of their understanding of economics, rather than strong rather than pretending? how strong do you think the grasp of economics was of the vast majority of the cabinets which you served as part of jacob? >> i think that george osborne's grasp of economics saved the country
how can you dismiss the office for budget responsibility as a bunch of lefties? to do so. it undermines your credibility. >> many forecasters the obr got right. >> how many? none. how many forecasts? anyone? anyone can get right obr. all they can do is do their best. >> no, they don't do their best. they're useless. they have been out by billions of pounds, not just years out. their forecasts. five years out are worthless. they are not worth the paper they're written on. they...
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9.0
Sep 21, 2024
09/24
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they didn't have a little look at the, whatever the public borrowing is, it's like the office for budget responsibilityndent fiscal watchdog. how do we not know how much we need to borrow? it's not like it's come as a surprise. and why are we borrowing so much and why are we spending so much? >> well, the other thing is, of course, is that labour's fault that we are in this situation? they they are inherited. i mean, there's not really much they could have done in a couple of months to avert what's happening here. the other question i would ask you, lewis , sort of with ask you, lewis, sort of with slight trepidation and fear, would be what impact does this mean to normal people when they're going about and paying for their groceries? >> well, what it means is it means that the amount of money that the country has to pay to pay that the country has to pay to pay back this trillion, whatever it is , is a lot. it's a lot of it is, is a lot. it's a lot of money that we insightful stuff. yeah. it's well, that's that's what it is. it is a bad thing. borrowing is a bad thing. and with and you mentioned that
they didn't have a little look at the, whatever the public borrowing is, it's like the office for budget responsibilityndent fiscal watchdog. how do we not know how much we need to borrow? it's not like it's come as a surprise. and why are we borrowing so much and why are we spending so much? >> well, the other thing is, of course, is that labour's fault that we are in this situation? they they are inherited. i mean, there's not really much they could have done in a couple of months to...
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6.0
Sep 16, 2024
09/24
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so well, the office for budget responsibility says there's a black hole in the spending . black holey're independent. >> they're independent. >> well, why wouldn't you then provide the details? when asked then if it's as easy as you're suggesting and it's valid and the information is there, then it can't be that difficult to handit it can't be that difficult to hand it over then, can it? it almost. you could almost be justified in wondering if indeed that's because something is being covered up. what do you make to it? look, another, what are you laughing at? >> well, it's a touch of the conspiracy fantasies there, isn't it? >> it's not really a conspiracy. if you say there's a £22 billion black hole, which is apparently well documented by independent, said the office of budget responsibility , recognised to responsibility, recognised to provide the detail on that. and you refuse to you're not like, in whatever jones land or whatever it is, if you worry that there is a reason why that information is not being disclosed to you, what do you think at home? tell me. look, after the break
so well, the office for budget responsibility says there's a black hole in the spending . black holey're independent. >> they're independent. >> well, why wouldn't you then provide the details? when asked then if it's as easy as you're suggesting and it's valid and the information is there, then it can't be that difficult to handit it can't be that difficult to hand it over then, can it? it almost. you could almost be justified in wondering if indeed that's because something is...
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Sep 13, 2024
09/24
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yeah, this is the obr, which is an office for budget responsibility, liz truss, his old nemesis.e basically said that we have this ridiculous debt, 2.7 trillion, roughly the same size as the economy. that's never good when the debt is the same size as the entire economy. that i'm no economist, but that can't be can't be. right. so it talks about, for example, the ageing population, the falling birth rate, climate change, mounting global tensions, immigration not in there , not mentioned maybe in in there, not mentioned maybe in the report, but certainly not mentioned by the article. so that was conspicuous. the only time they mentioned immigration is later on in the context of population rise. but it basically just says, in short, we're screwed. >> but they're sort of projecting. they're taking, you know , a few decades of trends know, a few decades of trends and saying, you know, well, if it continues like this by 2070, you know, the debt will be six times gdp. but it's like, you know, red dwarf when, he's left £2 in a savings account. so he's now the richest guy in the universe
yeah, this is the obr, which is an office for budget responsibility, liz truss, his old nemesis.e basically said that we have this ridiculous debt, 2.7 trillion, roughly the same size as the economy. that's never good when the debt is the same size as the entire economy. that i'm no economist, but that can't be can't be. right. so it talks about, for example, the ageing population, the falling birth rate, climate change, mounting global tensions, immigration not in there , not mentioned maybe...
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Sep 13, 2024
09/24
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i mean, look at what the office for budget responsibility told us yesterday.y in debt to the extent of our gdp. and if we want to get out of it , the obr want to get out of it, the obr actually said what we've got to do is increase our economy. and it showed that a difference between a 1.5% increase in our economy, in our productivity, and a 2.5% would actually be the difference between tripling our national debt and actually reducing it by about 40%. and the biggest business opportunity on the planet is getting to net zero. everyone's doing it 93% of the world's gdp under net zero commitments. why? why do i have to get so angry to get people to take off their blindfolds and see that britain should be leading this? we must lead this . leading this? we must lead this. >> gamow, ed gamow. how about if you remove your blindfold about rather than having everything to be net zero, which is provably driving up the cost of energy, we were told by the labour party our energy bills would go down £300. the winter fuel allowance has just been axed last week and our energ
i mean, look at what the office for budget responsibility told us yesterday.y in debt to the extent of our gdp. and if we want to get out of it , the obr want to get out of it, the obr actually said what we've got to do is increase our economy. and it showed that a difference between a 1.5% increase in our economy, in our productivity, and a 2.5% would actually be the difference between tripling our national debt and actually reducing it by about 40%. and the biggest business opportunity on the...
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Sep 13, 2024
09/24
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the office for budget responsibility says that low paid migrant workers are actually a net negative for the pubuc actually a net negative for the public purse, costing taxpayers more than £150,000 each in state subsidies by the time they hit state pension age. >> yes, and more labour nanny state junk food adverts will be banned on social media and television next year. in the first of a raft of tough public health measures, sir keir starmer says are essential to save the nhs . save the n hs. >> save the nhs. >> well, famously , friday the >> well, famously, friday the 13th is a spooky day and i'm afraid we've got some spooky news for you in that the government is yet again refusing to rule out more tax hikes. >> is this a comedy sketch , tom.7 >> is this a comedy sketch, tom.7 no, it's a comedy sketch. this is a very serious new show. it is a very serious new show. it is friday the 13th, so hold on to your hats. >> i'm not wearing one anyway. >> i'm not wearing one anyway. >> anyway , i'm worried about >> anyway, i'm worried about this council tax exemption. now they have so far refused
the office for budget responsibility says that low paid migrant workers are actually a net negative for the pubuc actually a net negative for the public purse, costing taxpayers more than £150,000 each in state subsidies by the time they hit state pension age. >> yes, and more labour nanny state junk food adverts will be banned on social media and television next year. in the first of a raft of tough public health measures, sir keir starmer says are essential to save the nhs . save the n...
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Sep 27, 2024
09/24
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the problem they have is the office for budget responsibility are very cautious on these things and in interested in whether this gives the conservatives a way back in because we have had increases in borrowing before, they can make the argument that it costs you so many hundred pounds per month and that is what will come from the conservative leadership contest. ii will come from the conservative leadership contest.— will come from the conservative leadership contest. if they decide the are leadership contest. if they decide they are going — leadership contest. if they decide they are going to _ leadership contest. if they decide they are going to start _ leadership contest. if they decide they are going to start treating i they are going to start treating labour— they are going to start treating labour as— they are going to start treating labour as the _ they are going to start treating labour as the opposition - they are going to start treating labour as the opposition are l they are going to start treating. labour as the opposition are not themselves— labour as the opposition are n
the problem they have is the office for budget responsibility are very cautious on these things and in interested in whether this gives the conservatives a way back in because we have had increases in borrowing before, they can make the argument that it costs you so many hundred pounds per month and that is what will come from the conservative leadership contest. ii will come from the conservative leadership contest.— will come from the conservative leadership contest. if they decide the are...
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much worse than we thought, much worse than the office for budget responsibility. asylum bill, which has been overspent by nearly £7 billion, and other areas of overspend as well. lots of commitments made by the previous government for which there was no money available to actually commit, and sector pay awards and public sector pay awards that recommended that were being recommended by independent sitting independent pay bodies sitting on ministers the on the desks of ministers in the previous the previous government before the election. they were election. knowing that they were going those, going to have to honour those, but where the but without knowing where the money and money was coming from, and setting and having setting nothing aside and having spent government's spent all of the government's reserves. honouring reserves. so we are honouring those those pay awards those spending those pay awards that have been independently recognised. we've had to recognised. but we've had to find in—year savings for this year , which is why we've had to year, which is w
much worse than we thought, much worse than the office for budget responsibility. asylum bill, which has been overspent by nearly £7 billion, and other areas of overspend as well. lots of commitments made by the previous government for which there was no money available to actually commit, and sector pay awards and public sector pay awards that recommended that were being recommended by independent sitting independent pay bodies sitting on ministers the on the desks of ministers in the...
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Sep 14, 2024
09/24
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this is from the office for budget responsibility.,000 by the time they reach the state pension age. but do we need to look at this data? is it appropriate to view the workforce and the population in this way ? this way? >> i am i am a this way? >>iam|ama|'ma this way? >> i am i am a i'm a researcher. i do lots of i do research and i am an advocate of good research. so what i want to know is i want to know where these figures have come from. i want to know who's collecting them, and i want to see the data . as far as i am see the data. as far as i am aware at the moment, there is not good data about this, however, is there a correlation between crime and poverty ? yes between crime and poverty? yes there is. and when we've got we have got , a there is. and when we've got we have got, a migrant there is. and when we've got we have got , a migrant population have got, a migrant population who are sitting at the bottom of society. so, okay, it might be david, a couple of seconds, i'm afraid. >> thoughts on this , >> thoughts on this, >>
this is from the office for budget responsibility.,000 by the time they reach the state pension age. but do we need to look at this data? is it appropriate to view the workforce and the population in this way ? this way? >> i am i am a this way? >>iam|ama|'ma this way? >> i am i am a i'm a researcher. i do lots of i do research and i am an advocate of good research. so what i want to know is i want to know where these figures have come from. i want to know who's collecting...
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Sep 13, 2024
09/24
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that's according to new analysis from the office for budget responsibility .he cost could rise higher to £500,000 each if they reach the age of 80. in comparison, the average british born worker contributes £280,000 by the time they reach the state pension age of 66. so is britain's migrant crisis frankly making us poorer? joining me now is the former deputy chairman of the conservative party, jonathan gullis. jonathan, thank you very much. as the as the economic case for mass immigration been shattered here. >> well, absolutely, patrick, for far too long we've allowed the treasury orthodoxy to keep pursuing this notion that somehow, by allowing more people into the country, that adds to gdp. but we all both know and you've been banging on about it for ages, which i'm proud to be here on gb news is that actually gdp per capita, per head essentially is not going in the right direction with mass migration. on top of that, there's a huge strain on public services. we know that between 2010 and 2020, 7 million new gp registrations took place due to migrants who ha
that's according to new analysis from the office for budget responsibility .he cost could rise higher to £500,000 each if they reach the age of 80. in comparison, the average british born worker contributes £280,000 by the time they reach the state pension age of 66. so is britain's migrant crisis frankly making us poorer? joining me now is the former deputy chairman of the conservative party, jonathan gullis. jonathan, thank you very much. as the as the economic case for mass immigration...
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Sep 13, 2024
09/24
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that's according to the government's tax and spending watchdog, the office for budget responsibilitywould cost the government more than they pay in the moment they arrive shortly chuntering away at that. >> what was it i just said? this is the kind of thing that we weren't talking about when we weren't talking about when we were talking about the good or ills of immigration. we were talking about growing the pie. but what we really should have been talking about is the per capha been talking about is the per capita effect of growing that pie. and that's what we should have been looking at. and now we've exposed some of the poorest people in the country to a competition that they probably can't win and for so long for so long, you weren't allowed to question that . question that. >> perhaps not always. immigration is an economic net benefit to this country. it was almost blasphemous to say that in some circles, it's a denial of the science, absolute denial, because i think if you have these realistic conversations, then we can have more, more refugees in particular. >> but what's happ
that's according to the government's tax and spending watchdog, the office for budget responsibilitywould cost the government more than they pay in the moment they arrive shortly chuntering away at that. >> what was it i just said? this is the kind of thing that we weren't talking about when we weren't talking about when we were talking about the good or ills of immigration. we were talking about growing the pie. but what we really should have been talking about is the per capha been...
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Sep 14, 2024
09/24
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. >> rob, just before i throw it out to the panel, the office for budget responsibility, which the labourhrine in law, has the final, you know, sign off of the of the budget and whatever else to avoid a liz truss disaster, as they put it. >> do you actually think that the obr forecasts, which forecast between 300 and 400,000 people coming here, net every single year as the new normal? do you actually think that that will be used as an argument to produce net. well, economic growth, despite the fact that the ons figures actually said that the least well paid migrants are well, they aren't contributors to the british economy in fact, they take out more than they put in. >> so the obr has never been able to correctly forecast how many people will be coming into the country. and they've also repeatedly made huge, huge assumptions about the economic value that migrants do bring, often assuming that those coming in are earning above the average. the average british salary. and, you know, the report that they put out earlier this week clearly shows an attempt for them to recalibrate the way they
. >> rob, just before i throw it out to the panel, the office for budget responsibility, which the labourhrine in law, has the final, you know, sign off of the of the budget and whatever else to avoid a liz truss disaster, as they put it. >> do you actually think that the obr forecasts, which forecast between 300 and 400,000 people coming here, net every single year as the new normal? do you actually think that that will be used as an argument to produce net. well, economic growth,...
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4.0
Sep 29, 2024
09/24
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. >> the office for budget responsibility have questioned the state of the finances and the state ofi think, of the finances that the tory party left. there is certainly poverty in this country. we've got an enormous number of children in poverty. as a consequence, in part of 14 years of tory rule. do i want 10 million more? do i want to see that? do i want to see that change? absolutely. havei see that change? absolutely. have i criticised labour's policy on the pensioners, on on the winter fuel allowance? yes, i have, because i think people just above and even a little bit more than just above the threshold of the means testing are going to suffer. do i think it was good policy or good politics? no. do i think that we're talking i think we're talking here about deliberately trying to target. do i think you've said that he was he he's using this. >> he's talking 10 million pensioners to target pensioners. bills are going to rise by £149. >> he wants pensioners who are not well off to suffer. that seems to me to lose any sort of credibility as an argument. of course, starmer is not t
. >> the office for budget responsibility have questioned the state of the finances and the state ofi think, of the finances that the tory party left. there is certainly poverty in this country. we've got an enormous number of children in poverty. as a consequence, in part of 14 years of tory rule. do i want 10 million more? do i want to see that? do i want to see that change? absolutely. havei see that change? absolutely. have i criticised labour's policy on the pensioners, on on the...
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Sep 13, 2024
09/24
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the office for budget responsibility says that low paid migrant workers are actually a net negative foridies by the time they hit state pension age. >>
the office for budget responsibility says that low paid migrant workers are actually a net negative foridies by the time they hit state pension age. >>
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Sep 23, 2024
09/24
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report, we did it last month from the office — report, we did it last month from the office for the budget responsibilitycident. you would support that? yes but i — stuff by accident. you would support that? yes but i would _ stuff by accident. you would support that? yes but i would also _ stuff by accident. you would support that? yes but i would also want - stuff by accident. you would support that? yes but i would also want to i that? yes but i would also want to see wealth — that? yes but i would also want to see wealth taxes _ that? yes but i would also want to see wealth taxes and _ that? yes but i would also want to see wealth taxes and unless we i see wealth taxes and unless we tackle the fact that we do not have a fair taxation system that doesn't redistribute wealth fairly we are not going to give the members of the investment we need and we won't rebuild our public services. we need to seek policies like equalising capital gains with income tax thresholds and we need to be looking at digital services tax.— at digital services tax. some of that may be — at digital services tax. some of that ma
report, we did it last month from the office — report, we did it last month from the office for the budget responsibilitycident. you would support that? yes but i — stuff by accident. you would support that? yes but i would _ stuff by accident. you would support that? yes but i would also _ stuff by accident. you would support that? yes but i would also want - stuff by accident. you would support that? yes but i would also want to i that? yes but i would also want to see wealth — that?...
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Sep 20, 2024
09/24
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the obr, the office for budget responsibility, which kind of tracks public finances.nt body and they put out a report two weeks ago, and the headline of the report basically was that unless something drastically changes, britain is going to go from 100% of gdp, which we hit this month , of gdp, which we hit this month, to 270% of gdp in 2070. so nearly three times the income, the annual income of the country and what the obr is communicating to the public and to the politicians is effectively that there's going to be austerity for a very long time, there's going to be cuts to government for a very, very long time. and i think basically this was i mean, i'm speculating, but i think this was communicated to the to the labour government to some extent while they're running. and then it was put on their desk when they came in, probably. it was put on their desk when they came in, probably . and so they came in, probably. and so i don't really buy that there's 10 billion left of space. i mean maybe they can they can show it by doing some creative accounting . but if they'r
the obr, the office for budget responsibility, which kind of tracks public finances.nt body and they put out a report two weeks ago, and the headline of the report basically was that unless something drastically changes, britain is going to go from 100% of gdp, which we hit this month , of gdp, which we hit this month, to 270% of gdp in 2070. so nearly three times the income, the annual income of the country and what the obr is communicating to the public and to the politicians is effectively...
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also, i think the office for budget responsibility wanted to see from this new government evidence thats on this payment. don't forget the tory government had looked at this. i think a minister was caught out by an off mic moment talking about removing it from those apart from those on benefits. it was attacked then by the by the labour front benches and now they're doing it themselves. >> but it has got past every conservative chancellor, every prime minister since 2010 because it might be very costly if all these people sign up for the pension, if they 800,000 people sign up for their pension benefit and don't forget, the number has increased from 18,000 in the previous five weeks to 38,000 in the most recent five weeks. >> if that carries on, it may wipe out any saving whatsoever. >> chris, something you've been highlighting for many weeks now is tomorrow again, a double whammy for the labour party. its early release day , 2000 prison early release day, 2000 prison inmates being released early and today a report from the probation officers saying they're not ready for this. they were
also, i think the office for budget responsibility wanted to see from this new government evidence thats on this payment. don't forget the tory government had looked at this. i think a minister was caught out by an off mic moment talking about removing it from those apart from those on benefits. it was attacked then by the by the labour front benches and now they're doing it themselves. >> but it has got past every conservative chancellor, every prime minister since 2010 because it might...
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Sep 10, 2024
09/24
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the labour government had to do something to show the markets, to show the obr, the office for budget responsibilityl take tough choices on spending and if that means taking away universal benefit from millions of voters, well, they'll do it and they're doing it. but there could be a long term cost to that, certainly, but it's not something which they wanted to do. i was in brighton just now with sir keir starmer. he addressed the tuc conference, the issue of the pension credit, the issue of the pension credit, the pensioners winter fuel payment payments didn't come up at all, but he did make clear to the union members there that the difficult economic situation means they can't keep paying out big pay rises going forward, and there'll be lots of people who will feel less well off. i think after the october 30th budget. >> and chris, it's also worth pointing out that the chair of unite the teacher's union and there at that tuc conference, they said that taking the winter fuel allowance was picking the pockets of pensioners. paul novak from the tuc was strongly advised to keir starmer to rethink on t
the labour government had to do something to show the markets, to show the obr, the office for budget responsibilityl take tough choices on spending and if that means taking away universal benefit from millions of voters, well, they'll do it and they're doing it. but there could be a long term cost to that, certainly, but it's not something which they wanted to do. i was in brighton just now with sir keir starmer. he addressed the tuc conference, the issue of the pension credit, the issue of...
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Sep 10, 2024
09/24
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labour supporters that maybe this could be labour trying to demonstrate to the obr the office for budget responsibility bond markets, that they can be tough on spending and are making tough choices. but the people who will suffer this winter are pensioners. >> okay. well, thank you very much indeed, christopher. hope we'll let you go before you miss your train back to westminster. speak to you soon. thank you very much. >> well, joining us now is kieran pedley, the director of politics at ipsos. the polling organisation. kieran, thank you for joining us this afternoon. i'm interested to get a view of where the public sits on this issue.i where the public sits on this issue. i think it's pretty clear we can we can guess the view of most pensioners. but of course where where on earth is the pubuc where where on earth is the public on this big issue? and doesit public on this big issue? and does it have the cut through that that i suspect it does. >> so good afternoon to you both. i think when ipsos when we asked the public where they stand on this issue of means testing the winter fuel allowance, i mean,
labour supporters that maybe this could be labour trying to demonstrate to the obr the office for budget responsibility bond markets, that they can be tough on spending and are making tough choices. but the people who will suffer this winter are pensioners. >> okay. well, thank you very much indeed, christopher. hope we'll let you go before you miss your train back to westminster. speak to you soon. thank you very much. >> well, joining us now is kieran pedley, the director of...
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Sep 3, 2024
09/24
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it's like the budget office responsibility for the united kingdom.roper independent analysis of scotland's books. and where things have gone wrong for the in the major factor driving these carts is that government is invested more in his public sector, and it has more in percentage terms people in the public sector payroll than the rest of the united kingdom. when you consistently pay them over the previous years that you have to match increases in pay, it cost more money and somethings got to give. it is somethings got to give. it is obviously — somethings got to give. it is obviously true _ somethings got to give. it is obviously true that - somethings got to give. it is obviously true that their budget is determined by what comes in the october budget at west minister. rachel reeves will set that out. the labour leader before the election said, read my lips, read my lips, no austerity under labour. was he truthful with the electorate?— labour. was he truthful with the electorate? yes, i think he was. the electorate? yes, i think he was- i'm _ the
it's like the budget office responsibility for the united kingdom.roper independent analysis of scotland's books. and where things have gone wrong for the in the major factor driving these carts is that government is invested more in his public sector, and it has more in percentage terms people in the public sector payroll than the rest of the united kingdom. when you consistently pay them over the previous years that you have to match increases in pay, it cost more money and somethings got to...
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7.0
Sep 29, 2024
09/24
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the problem of increasing the salaries of district police officers necessary. participation of other ministries responsible, including for budget allocation. in ulyanovsk, an all-russian judo tournament among young men under 15 was held. the event has already become traditional and is dedicated to the memory of the deceased employees of the investigative committee and the heroes of the special military operation. young athletes from several regions of russia competed in duels on the territory of the volga-sport-arena sports complex. the head of the department of social and political work of the investigative committee addressed the participants with a welcoming speech. committee, hero. to lead a healthy lifestyle, to prepare ourselves for highly civil work, for those new victories that we have yet to achieve. before the opening of the ulyanovsk land, this is another incentive for the competition, the participants and guests of the event got acquainted with the exhibition, which was. all week our correspondents closely followed high-profile trials and incidents, the most notable of which are in a brief review by maxim shevchenko
the problem of increasing the salaries of district police officers necessary. participation of other ministries responsible, including for budget allocation. in ulyanovsk, an all-russian judo tournament among young men under 15 was held. the event has already become traditional and is dedicated to the memory of the deceased employees of the investigative committee and the heroes of the special military operation. young athletes from several regions of russia competed in duels on the territory...
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8.0
Sep 28, 2024
09/24
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to solve the problem with increasing wages, district police officers need the participation of other ministries responsible, including for budgetistribution. in ulyanovsk, an all-russian judo tournament among young men under 15. the event has already become traditional and is dedicated to the memory of the deceased employees of the investigative committee and heroes of the special military operation. young athletes from several regions of russia competed in duels on the territory of the volga sport arena sports complex. the head of the department of social and political work of the investigative committee, hero of russia sergei petrov addressed the participants with a welcoming speech. we are convinced that this... unexpected silence after a loud shootout, this week in the city of tutayev in the yaroslavl region, more than two dozen strong guys were released from a special detention center. they were detained after a conflict very similar to the so-called gangster shootout from the nineties. how local security forces managed to prevent a massacre, who managed to shoot in the direction of the rosgvardia fighters. an investigatio
to solve the problem with increasing wages, district police officers need the participation of other ministries responsible, including for budgetistribution. in ulyanovsk, an all-russian judo tournament among young men under 15. the event has already become traditional and is dedicated to the memory of the deceased employees of the investigative committee and heroes of the special military operation. young athletes from several regions of russia competed in duels on the territory of the volga...
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and i've got a lot of sympathy for that point of view, because the office of budget responsibility, thesepeople who are independent. they're a quasi regulator. they're a quasi regulator. they're not tied to party politics, and they can only do annual forecasts . so a new annual forecasts. so a new chancellor coming in gets updated information that's not in the public domain. >> right. okay. clare, i mean, so peter would have it tweaked . yeah. >> but interestingly, peter, you said that the labour government is only is only focused on one thing and that's the electorate who voted for them, i would say. and i don't think that that is the message that they've previously sent out to the trades unions and, and the trade unions themselves . think of unions themselves. think of aslef, think of the junior doctors, think of whatever, because they have given them. i would say they've given in to them. so i don't think they've sent out any stern message at all other than they're a bit of all other than they're a bit of a soft touch. >> but you have to bear in mind that many nhs unions are not affili
and i've got a lot of sympathy for that point of view, because the office of budget responsibility, thesepeople who are independent. they're a quasi regulator. they're a quasi regulator. they're not tied to party politics, and they can only do annual forecasts . so a new annual forecasts. so a new chancellor coming in gets updated information that's not in the public domain. >> right. okay. clare, i mean, so peter would have it tweaked . yeah. >> but interestingly, peter, you said...
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Sep 19, 2024
09/24
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office director of policy analysis says is a conservative estimation. the city and county say the number would be nearly 7% of the budget for this fiscal year. this coming in responsesupervisor matt dorsey requesting financial reports on the burden to taxpayers. well, 35 this afternoon taking a live look outside of lee. this is the san mateo bridge and a lot of cars out there. let's check in now with cuyler for more on the weather. hey, stephanie. yeah, i want to take you to the sierra because i started to think about leaves. changing colors are going to get to that season. pretty sad. obviously. >> not looking like that right now. but this year is the spot to go to. and as we take a look at the map here, this is from a web site called the police report dot com. and you can see that we're just kind of starting to tiptoe into that territory. but if you are a leaf paper, you don't want to keep your eye on that for the next couple of weeks. and the sierra, by the way, if you are headed there this weekend, that's beautiful weather today. we do have a chance of a shower that is out there. that is from that low pressure system that brought us the cloudy skies and cool te
office director of policy analysis says is a conservative estimation. the city and county say the number would be nearly 7% of the budget for this fiscal year. this coming in responsesupervisor matt dorsey requesting financial reports on the burden to taxpayers. well, 35 this afternoon taking a live look outside of lee. this is the san mateo bridge and a lot of cars out there. let's check in now with cuyler for more on the weather. hey, stephanie. yeah, i want to take you to the sierra because...
SFGTV: San Francisco Government Television
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Sep 11, 2024
09/24
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budget process and in preparing all our submissions and presentations for this year's budget. so, first i want to talk about jail conditions. one of the core responsibilities of the inspector general office is to monitor the san francisco sheriff's office operations, including the provision of services to incarcerated individuals through audits and investigations, and to insure compliance with applicable laws and policies and that starts with really understanding the jail conditions and dynamics effecting those conditions. the recent extended lockdown in the jail--when we dpot up and running there was surge of exteneded lockdowns we had to get to the bottom of what was causing the lockdowns. may 14 at a special board of supervisors hearing, i reported my preliminary findings and recommendations related to the lockdowns. our work exploring root causes and finding sustainable solutions to avoid future exteneded lockdowns continues. over the past few months, we visited county jail 1, county jail 2. june 26, in san francisco and i visited county jail 3 in san bruno on two occasions, april 23 and july 26 and i want to thank president su, vice president carrion, board members brookter and--for
budget process and in preparing all our submissions and presentations for this year's budget. so, first i want to talk about jail conditions. one of the core responsibilities of the inspector general office is to monitor the san francisco sheriff's office operations, including the provision of services to incarcerated individuals through audits and investigations, and to insure compliance with applicable laws and policies and that starts with really understanding the jail conditions and...
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Sep 19, 2024
09/24
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responsible matter. this amendment will take money elsewhere in the budget. it's the responsible way to go. mr. president, i ask for the yeas and nays. the presiding officer: is there a sufficient second? there appears to be. the clerk will call the roll. vote clo -- vote clo -- vote: the clerk: ms. baldwin. mr. barrasso. mr. bennet. mrs. blackburn. mr. blumenthal. mr. booker. mr. boozman. mr. braun. mrs. britt. mr. brown. mr. budd. ms. butler. ms. cantwell. mrs. capito. mr. cardin. mr. carper. mr. casey. mr. cassidy. ms. collins. mr. coons. mr. cornyn. ms. cortez masto. mr. cotton. mr. cramer. mr. crapo. mr. cruz. mr. daines. ms. duckworth. mr. durbin. ms. ernst. mr. fetterman. mrs. fischer. mrs. gillibrand. mr. graham. mr. grassley. mr. hagerty. the clerk: ms. hassan. mr. hawley. mr. heinrich. mr. helmy. mr. hickenlooper. ms. hirono. mr. hoeven. mrs. hyde-smith. mr. johnson. mr. kaine. mr. kelly. mr. kennedy. mr. king. ms. klobuchar. mr. lankford. mr. lee. mr. lujan. ms. lummis. mr. manchin. the clerk: mr. markey. mr. marshall. mr. mcconnell. mr. merkley. mr. moran. mr. mullin. ms. murkowski. mr. murphy. mrs. murray. mr. ossoff. mr. padilla. mr. paul. m
responsible matter. this amendment will take money elsewhere in the budget. it's the responsible way to go. mr. president, i ask for the yeas and nays. the presiding officer: is there a sufficient second? there appears to be. the clerk will call the roll. vote clo -- vote clo -- vote: the clerk: ms. baldwin. mr. barrasso. mr. bennet. mrs. blackburn. mr. blumenthal. mr. booker. mr. boozman. mr. braun. mrs. britt. mr. brown. mr. budd. ms. butler. ms. cantwell. mrs. capito. mr. cardin. mr. carper....