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<\/p>\n","protected":false},"excerpt":{"rendered":"1.00 I will be back later....off to talk to Jeremy Vine now.<\/p>\n
12.58 \"Borrowing, borrowing, borrowing\" keeps being repeated when in reality the government does not borrow.<\/p>\n
12.56 Reeves announces fantasy figures for deficits to come - none of which bear any relationship to anything that will actually happen.<\/p>\n
12.55 Reeves is still claiming \u00a31 in \u00a310 is used to pay debt interest, ignoring the fact that a big slug comes back straight back to the Treasury.<\/p>\n
12.55 Abusing people from the Dispatch Box makes Reeves look like a very small person.<\/p>\n
12.54. The obligatory reference to Liz Truss has been made.<\/p>\n
12.54. Wales and Scotland get their statutorily required mentions on issues that their own governments should decide.<\/p>\n
12.52 Reeves is making announcements about how she will spend next year's petty cash Budget right now - the sums involved are so small. I am surprised she has not talked about the organisation of the Treasury Christmas party, so irrelevant is most of this (much of which has been preannounced).<\/p>\n
12.50 Reeves does ISA reform to push money into the failing City of London. This is how to fail the savers of the UK.<\/p>\n
12.49 I am now told I will be on BBC Radio 2 from 1.00 as we already have enough to talk about.<\/p>\n
12.45. For the second time in ten minutes, Reeves praises entrepreneurs as if they are the only people who matter in the UK.<\/p>\n
12.43. Reeves claims growth is up. But that is only for this year. For every other year in the Office for Budget Responsibility projection, it is down by about 0.5% per annum to about 1.5% a year. Failing productivity is the cause. Neoliberalism is not working.<\/p>\n
12.40 Debt is going to fall by a percentage so small no one will notice - and that is only if the world works exactly as Reeves predicts.<\/p>\n
12.38 The claim is no cuts, stability in public finances and growth - and a balanced Budget, of course: the household analogy is alive and well with Rachel Reeves.<\/p>\n
12.34 Reeves blames the OBR for leaking the Budget. Time to abolish it?<\/p>\n
12.32 The Deputy Speaker admonishes the Chancellor and the OBR before Reeves starts for failing to uphold parliamentary standards. This is going well before Reeves has even stood up.<\/p>\n
12.30 The Office for Budget Responsibility has leaked the Budget. This is the FT's summary:<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"