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Transcripts For BBCNEWS Newsnight 20171122

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Is like an awkward date you wait for them to show up at the restaurant, after ten years you decide they are probably not coming. The obr has assumed at each of the last 16 fiscal events that productivity growth would return to its pre crisis trend of about 2 a year, but it has remained stubbornly flat. So today they revise down the outlook for productivity growth, business investment, and gdp growth across the forecast period. That line was more important than Everything Else in the speech combined. But a Second Striking feature of this budget concerns public spending and austerity. After the last six elections, weve had big tax rises to pay for extra public spending. Not this time. An historic shift. And yet, we still have spending cuts baked in to our plans, sizeable spending cuts. Heres the graph. Per capita spending on Government Services from 2015 to 2022. So is this really do able . Today the chancellor bunged some billions into the Public Sector to ease the pain in the next couple of years but hes still budgeting on pain later. Well, thats two big themes. Theres a lot more to talk about, notably three billion for brexit and lots on housing. But heres nick watt with his take on the day. We have known him as spreadsheet phil, the cautious and rather dull guardian of the nations public finances. But after that hammering at the general election, did the new spendthrift phil step onto the stage . The chancellor unveiled what the treasury billed an extra 25 billion in spending and in easing of taxes over the next five years. This has been a wretched year for the government after theresa may lost her parliamentary majority injune. The tories were deeply unsettled by labour success in winning over Younger Voters who believed austerity had had its day. And then there are the warring brexit factions who are overshadowing the work of this government and putting one minister in the firing line. So today Philip Hammond needed to reset the dialfor the tories by reasserting his own authority and making clear he hears that cry of frustration in june. We are listening and we understand the frustration of families where real incomes are under pressure, so at this budget we choose a balanced approach. Yes, maintaining fiscal responsibility as we at last see our debt peaking. Continuing to invest in the skills and infrastructure that will support the jobs of the future. Building the homes that will make good on our promise to the next generation. Jeremy corbyn thought the budget had failed its first test, improving the lives of ordinary people. Utter complacency about the crisis facing our Public Services and complacent about the reality of daily life for millions of people in this country. Entirely out of touch with that reality of life for millions. While this had the trappings of a normal budget day, there was a different feel. The chancellors team were very keen to talk up the extra spending and in language that would have been unthinkable until relatively recently they talked about fiscal loosening. So is this chancellor really turning the taps . Well, the answer to that in the words of evelyn waugh is up to a point, lord copper. This budget does mark a limited net giveaway to help the economy after the dramatic downgrade in growth forecasts with measures such as the abolition of stamp duty for most First Time Buyers. But then take aways are pencilled in for the early part of next decade. The big news in the budget was really the first few minutes when he explained that the growth forecasts had been downgraded. It has massive knock on implications, far Less Government revenue, higher public borrowing and a decline in peoples Living Standards beyond what they were led to expect before the election. That is £700 a head at the end of the parliament. There was a mixed reception amongst tory mps. Some were a little underwhelmed, but i spoke to one leading brexit supporter who told me, i am delighted with this budget and i was hoping to get rid of Philip Hammond just a few weeks ago. But the chancellor faces a delicate balancing act as he seeks to win back those Younger Voters who believe austerity has had its day. He needs to spend in a way that does not spook the market but he needs to deliver change with enough of a flourish that the tories get the credit a mini me labour budget would probably rebound. I think this budget effectively effectively did not go in for corbyn light. That is what i most feared, that he would listen to some of the dafter voices lobbying, trying to press him to give into as many lobbies as possible to try to buy a few votes. Even corbyn light is not affordable. First, get the economy on a sustainable and reasonable path, then decide how best to spend the revenues that will produce. If he was just handing out money today, i would have been very worried indeed. 0ne labour critic ofJeremy Corbyn thought the budget failed the challenge set by her party at the election. There is nothing really hopeful or inspiring about todays budget. There is nothing that says we are going to get productivity going up, this is a country about to get up and start looking after itself. Actually what it is is growth is down and productivity is down and spending cuts have caused growth to be down, so it is just more of the same lack of hope from a hopeLess Government. Philip hammond has for now earned a reprieve with a budget that was relatively well received on the tory benches, but budgets that go down well on day one can often run into trouble further down the line. When chancellors get punished for budget mishaps, it tends not to be the really bad news that gets them, the downgrade of growth or whatever. It is usually the specific measures that entangle them in knots. Today, the specific measures that were the headline grabbers related to housing. Getting the young who feel shut out of the Housing Market back in, and back in love with the tories. Our Business Editor helen thomas is here. Also is chris cook whos been looking at the nhs and public spending. Let us start chris, with you, the nhs, not cracking open the champagne. You can forgive a bit of irritation in whitehall, with nhs leaders today. They have put in about 2 billion next year, a further 3. 6 billion over the rest of the parliament, in capital, the slight problem is that the nhs made clear that they thought they wanted 4 billion to make the sums up next year and 10 billion of capital over the rest of the parliament, to modernise the estate and make sure the hospitals can keep up with the ever rising demand for health care, the thing is the nhs has this odd structure, we have a chief executive of the nhs, we have a chair of the nhs england, and they are independent, they are allowed do what they like, they have started campaigning for more money, so we have this odd thing, they have been given 2 billion, 3. 6 over the rest of the parliament and sir Malcolm Grant says the extra money is welcome, but he say, we can no longer avoid the difficult debate about what is possible to deliver for patients with the money available. They will have a Board Meeting to discuss what they do and dont do on november 30th. That is big news. Yes. What about briefly, the rest of public spending, because there is a squeeze coming to a few departments, even though they have had one. The critical thing is we dont know where it will go, because there is a sort of cliff edge in the budget beyond which we know nothing about public spending and huge amount of pain is concentrated in the mystery years. Thank you. Helen. Eye catching measures on housing, a stamp duty removal for First Time Buyers. It was the headline grabber so this zero stamp duty for bayers of up to £300,000 you can save for up to 5 grand on a property of up to a million pounds, this is sticky in a few ways, ed miliband proposed a similar policy in 2015 and the conservatives called it a gimmick sand said it had been tried before and failed. The office for budget responsibility said today, that when it has been tried before, the savings have basically been incorporated into higher house prices and it hasnt helped affordability. It is worth thinking about, the average First Time Buy e the purchase prize is 210,000, so they will save about £1700. The bigger savings is for buyers of more expensive property, if you are in a part of the country with lower house price, plenty of properties for under 125,000, it doesnt change things. Look, one of the things they have said, is the real measures have to get the supply of housing up and there was a lot in the budget. At the end of the budget there is a rabbit. There was. A big headline number was 44 billion in support for the Housing Market. Now actually only about 15 billion of that is new measures announced today. The rest was already out there. And most of that when you lock at it was either loans or loan guarantee, especially to new builder, so private sector builders, when you come down to cold hard cash, spending announced today was about 6 billion over five year, so that sounds less impressive. What i will say is that the housing experts i have spoken to like some of the areas that money is going into. So they like the signs of a more robust approach, and they like this definite focus on resuscitating the smaller end of the House Building market. 0k. Thank you. Well, this government has had a turbulent time in recent weeks. Brexit is basically one concession to the europeans after another, and there is a sense of a lack of vision about that and more. A government treading time to see where things will go. So does this budget show a government with a direction . Im joined by liz truss, who is Philip Hammonds deputy chief secretary to the treasury. Also with us, peter dowd, her labour opposite number. Well come to you in a minute. Let me start with liz. Can we start on that housing, the office for budget responsibility say on the stamp duty measure, the main gainers from the policy are the people who already own property not the First Time Buyers themselves. Because your measure will push up the prices, so the owners benefit not the buyers. I think lots of people are struggling to get on the housing ladder, there are many people in that 20s and 30s who previously would have been able to buy a home, now finding it much more difficult and of course, we need to increase the supply of homes and that is what the measures are about and getting up to 300,000, but we felt it was necessary to do something now, to help those who have struggled for a number of years, people will not have to pay the tax up people will not have to pay the tax up to 300,000. There will be a reduction. That is cash that you do not have to pay to the taxman. But you not have to pay to the taxman. But yu pay not have to pay to the taxman. But you pay a higher house price. Do you agree with the statement by the oh dear that the main game is for people who already own property . The main gainers are people who will be able to buy their own home. You are saying something different. They said the main gainers were people who own property. That is who we are aiming to help. You disagree with their analysis . Their analysis suggests that overall the impact on house prices will be 3 . That is a minor increase and what we are looking at. It is not a minor increase for people who are buying the people we want to help are the people we want to exempt from tax. Why did the tory party say it was a panicky, underfunded announcement and failed last time when labour suggested this in the 2015 election . This is a funded announcement, our budget package is fully funded. You called it a gimmick and you said it failed. Why would you pick up something that labour suggested two years ago which you said was a failure . The treasury announcement said when it was tried before it did not have a Significant Impact in improving affordability for First Time Buyers. The tory party, the treasury, the office for budget responsibility all said it was stupid. We accept the big issue is supply and we need to expand supply, but there is a need in the short term to help people out because people are struggling and we recognise people are struggling with getting on the ladder. Are we not in an era where you are actually saying that by entertaining the notion that you are helping people, but you are just making gestures to show that you care and you listen and it does not matter whether it works, it is more about what it says. We know it does not work because of all these people who say. I am a believer in low taxation. If we can exempt people from taxes, lower taxes for hard pressed people, we have done it on the lower allowance and giving basic tax rate payers £1000 off what they would have paid and it is the right thing for a conservative government to be doing. Lets move on to spending. We heard chris saying the nhs is sitting down and they need to work out what they are going to do and not do. What would be your advice over what the nhs should stop doing because they do not have the funds . We understand there are pressures in the nhs. We have seen a big increase in the number of people going to a e and a big increase in the number having operations and there is pressure on the nhs. That is why whilst keeping to our fiscal rules we have found that extra money for the nhs. We have also said we will look at funding for a package for nurses and other nhs workers as well because we recognise how hard those people work and we do want to be able to. They say they cannot do everything on the budget they are given at the moment, what would you like them to stop doing in order to stick to the budget . A lot of the money we are putting in is capital to be able to modernise nhs facilities and that should enable the nhs to improve its productivity and be able to do more. That is the whole purpose of that capital funding. You say they can do everything. We are giving them capital money to help transform the service so they can do more. When it comes to things like nhs targets on waiting times and a e which are being failed all the time everywhere at the moment, is there a chance that we will start meeting those targets . Absolutely. They will say we cannot do it on this money, are they wrong . I am not saying they are wrong, absolutely not, but i am saying the money we are putting in should help us reach those targets. That is why we are putting the money in and we have looked at how that will help achieve those targets in conjunction with the money we are putting in to modernise facilities and what we are looking at on pay as well for nurses and other staff. I know you are not the health secretary, but you either public spending secretary, when do you think they will be able to get back into those targets . This will help make positive progress towards those targets over the next few years. You used to bejustice secretary and thejustice budget has about 25 in real time cuts over the last seven years and it is getting another 15 or thereabouts. Do you think seriously you can cut the justice budget by that amount when you see what the state of prisons are at the moment . We have an extra 100 million into prisons every year and we are successfully recruiting more prison officers, so we have made more Real Progress and we are getting more officers in our prisons and it is fair to say the situation. If you were justice secretary, do you think you could take 15 out of that budget without shocking conditions in prisons . That is the policy at the moment. I am wondering if you think you can deliver it. I am saying we put in an extra 100 million to deal with those staff measures. So they will not make the 15 cut . There are ways in Different Services like using modern technology, cutting out some of the paperwork and processes. If i can give you an example. Let me give you an example of the police force. I went out with the Northern Constabulary and they now use body cameras, they did not need to go back to the police station, they have got a friend down and they can do investigations and those things more efficiently. That is great for people in Public Services because they are spending more time on the front line and they can deliver that service more efficiently. We are carefully looking at every Single Public Service to make sure they have the resources they need which is why we are putting the extra money into the nhs because we recognise there are very real. Very quickly on growth and productivity, do you think we should get used to these figures are1. 5 . Is that now the new normal . Would you work on that assumption . I do not think we should accept that at all. I think we have huge potential in this country, i think we can do better and i think we can match our International Competitors when it comes to areas like maths and Computer Science. It will take time. Of course when we are changing things like the School Curriculum or the number of students doing Computer Science it takes a while for those people to come through the system. We have got tremendous things going on in britain. We have got a Record Number of start up companies, 22 billion tech companies, and i do that we have a bright future. It will not be instant magic but we should not accept mediocrity, we have got to get better. Wait there until i talk to peter dowd. It all comes back to growth, doesnt it . In the labour manifesto you were spending £48 billion extra but none of it was directed towards productivity. It only got two mentions in the manifesto. That is not correct. Half of that money was in relation to education from early years through to primary schools, secondary schools, further education, universities and lifelong learning. That is an investment and that would feed into productivity. The spending on education was mostly about giving money to students, restoring the education maintenance allowance, abolishing fees. That will not raise productivity unless you get more students better taught. That was half that budget and a significant portion was in relation to further education which is where we should be putting the money. There was some funding of 16 19 year old, but we are talking less than 2 billion. And on top of that we had our Infrastructure Spending of 250 billion, so there were significant amounts in relation to raising productivity and putting investment in the system. That was there for everyone to see. 48. 6 billion. Productivity relies on infrastructure. Can i ask you about new technology . Philip hammond today made a lot about Driverless Cars and the Industrial Revolution and i was wondering if there was a philosophical difference. He wants britain to be good at Driverless Cars and he wants them to take off in this country. That could destroy hundreds of thousands ofjobs of drivers. Do you welcome that or not . Of course i welcome new technology. The whole of the Industrial Revolution is about new technology. We are talking about the fourth Industrial Revolution. You cannot stop the advance of technology. What that does not mean its people are less well off and there are lessjobs. What is the policy on Driverless Cars . You agree with him promoting them. What do you do to all the drivers at the moment . There are suggestions that in the future there are jobs which we do not know will exist now. We do not know what those jobs are. The idea that all these people lose jobs and they will not be replaced with other jobs, you only have to look at singapore and the growth levels and the employment levels, so they are not mutually exclusive. You have been very open that you want higher taxes. Criticism of the labour position on taxes is why you say you want higher taxes you pretend to know one will feel it. They will only be paid by companies or a small number of very wealthy people. The institute for fiscal studies has said you cannot raise 50 billion through companies because they were either pay their workers less or charge their customers more or pay out less to pensioners who are shareholders and rely on the income. Is it time to admit that those costings will hit ordinary people as well as Just Companies . I do not think it is time to admit that because i do not believe that. We set out absolutely transparently hour 46. 8 billion and where we would raise that money from. We believe it would affect only 5 in terms of income tax payers and the rest of the formula will come from corporations. Lets take an example. In relation to Corporation Tax it was a 26 and the government proposed to bring it down to 17 and we would take it to 26 and it was still be the lowest in the g7. Somebody has to bear this, either the shareholders, the workers or the customers. That is the point. There is no such thing as a Company Independent of people who actually run it. That is the point, you raise productivity, you put investment in the economy, people get higher wages, there is more profit and that is where the growth comes from in relation to the tax we get. It is all back to growth and both of you would like that very much. Has the chancellor done anything to get the show back on the road . A panel has drawn from the local area, politically mixed, conservative, some labour, some not voting at all. They could never give a Scientific Study of public sentiment, but they give a guide as to how things are playing out. Lynette, im going to come to you, you picked up a few bits and bobs. What were the things that jumped out at you . Interesting probably was more money for the nhs, i think thats something we really need at the moment. Also, the increase in the minimum wage. Its only a small increase, but its helping people in this economic climate. And also, i think, raising the Tax Thresholds, i think the basic Tax Threshold has gone up a little bit and also the 40 , its kind of gone up ever so slightly. So i think thats helped. You work part time so that is helpful for you . Yes, i think especially with the basic tax, i think that definitely helps, along with the minimum wage. It just helps push things up a little bit. Was anyone disappointed by what they heard today . Was there something you were holding out for that you didnt hear . Yes. I overall was impressed by the budget speech, but i did want to hear something about gambling, and trying to solve this problem of addictive gambling, i thought it was a bad opportunity missed by the chancellor today. Can i ask the younger ones whether they responded to the First Time Buyers announcement at all . Is that going to make a difference do your life if you dont have to pay stamp duty up to £300,000 on a house youre buying . Yes, i think it will help quite a lot. Obviously as a First Time Buyer 300,000 is obviously quite a lot of money but im looking to buy a house into the next year and it will help quite a lot. I found it a lot easier because it is hard now these days to save up enough deposit to put towards your first time house, but the problem is, theyre saying they are going to build more houses for us, but are they affordable for People Like Us . Are theyjust for the more people that earn more money . Its whether they get built as well. Because they have promised to build more houses before in previous budgets and never built them. I think it was 200,000 a a few years ago and they never built them. So who doesnt believe the House Building promise . I dont believe it. It is unrealistic for what they say. I think they should try to free up local authorities to build, i think that would make a big impression because they would build social housing and i dont see any route to social housing being built, that has been mentioned in the budget today. Social housing that wouldnt be privately purchased then . Correct. Right. But they need to reduce the amount of bureaucracy as well. The old council house, they were all built by the local authorities, and thats just not happened for many years now, and theres an opportunity today to do that. Let me ask how many of you are still living with parents, or parents how many of you still have children living with you, just put your hand up if that. I have two daughters and a son, theyre all at. 0nes just finished her degree, one is now a teacher, and the other one is living at home, hes at college. Do you think this will help any of your kids by buy their own homes . I hope so, i really do hope so, for them to be able to be able to buy their own home would be something that we would be looking for. Adam you said you are trying to buy next year. I think it is not necessarily they have reduced it, but i think its the deposit thats the big thing, thats the difficult thing in getting on the property ladder now. Saskia, youre still living at home. Im still living at home, and like i often think that compared to some people, i think im fortunate, because i never went to university and stuff, and ijust think, you know if some of my friend who are at uni, they finish uni and they have so much money they owe, they are going to be stuck at home for such a long time because you know deposits to put down on a house are just enormous. And you would be looking to buy your own now, would you . Would anything in the budget change your plans for the next year, do you think or not yet . I dont know all about it, but its optimistic you know, to hear they are doing something about it, they are aware that this, it is a massive struggle for some people. Let me pick up on that now. Who could tell me the hardest thing in their life at the moment, that the budget did or didnt address. My mum is an alzheimers sufferer, she is currently in care, she is living in a place, a housing trust, but shes trying to be rehomed at the moment and the system is just collapsing, its falling apart. Although there was mention of money for the nhs, there wasnt any specific mention of money for social care and particularly elderly social care, and just being in that loop, i know that that system is ready to collapse. More money for like specifically allocated for Mental Health. I think it is a really big issue at moment and Just Mental Health services are really like stretched at the moment, waiting lists and i think they need to really specify which areas they are going to be spent in. Who else would agree with that . I agree with that but also the conditions and disabilities such as autism are not catered for enough. I work in autism, and i know the measures arent there to assist particularly the more challenging people. So you would like to see more money in the nhs for social care for disability, for Mental Health as well. Let me ask you this question, would you be prepared to see your own taxes go up, to fund better provision of these services . Just raise your hand so we get a sense. That is amazing, all of you are saying you would be prepared to pay more taxes . As long as we can be confident it is being spent properly and it is not being misspent in different areas. It is like the alcohol duty being frozen is a mistake, that is a revenue stream we can get. It is a luxury, you know, people can afford it or they cant. And i think to freeze it, to go for the bottom end and to freeze the alcohol duty for me, smells of a vote winner because a lot of the people. It mentioned whiskey so specifically that sort of thing, but also i think, it maybe send out the wrong message where you are trying to get people to drink responsibly. We have a problem. You know, we are not really addressing it. You say this because you mentioned to me youre a drinker and a driver not at the same time but you do both yet you disagree the freeze on duty. Yes, i mean obviously the fuel is slightly different because of the industry and everything, and i understand that, but i do definitely think that tax and duty on alcohol should have been increased. So i find that extraordinary. Did the chancellor then miss a trick, if you have all said you dont mind paying more taxation, you have all said that, as long as its going in the right place, so he could have raised money to pay for the things you all want today . Hes a politician, he has to be very careful. He cant do what he may be wants to do, raising taxes would perhaps lose him an election or Something Like that. I think most people expect alcohol to go up. I think its almost a given. To not put it up, is almost like a sort of oh, but nobody really goes 0h, thats brilliant, i dont pay two pence more, but if you raise £10 billion to spend on the nhs, then we would have all gone,0k, fair enough. People are much more socially aware as well, arent they, so people have a better understanding of how that money could be better spent on, you know, public servants, our Public Sector, right across the board. Let me just ask you a really unfair question. At the end of today, who would feel inclined to vote for conservative at the next election if it were called next week on the basis of what you have heard in the budget . Well i would. Just put your hand up. 0k, who would say they have been put off by what theyve heard today . And we have four undecided. Thank you all very much. Thank you for coming in. Let us finish today with some budget reflections with a panel of big brains and years of experience. Rupert harrison was chief of staff to George Osborne at the treasury. He now works for blackrock. Fraser nelson is editor of the spectator, and Faiza Shaheen is the director at the centre for labour and social studies. Well get to them in a moment but first, nick watt is here. Nick, what are you hearing tonight . How has this gone down on the tory benches . I was talking to one member of th ecabinet, someone who is a fan of Philip Hammond he said at last we have a political Philip Hammond, there was the disaster of his budget earlier this year when his poor political antenna got into trouble and this member of cabinet said he could see the job he was needing to do, which was answer that roar to persuaded to people who voted labour and the brexiteers reasonably happy. Let us look at the headlines tomorrow. Financial times grim outlook overshadows housing drive. The guardian he struggles to meet the gloom. Two with a gloomy air about them. The times goes hammond eases off austerity. And the mail is the most interesting. The mail dubbed him eeyore. I think that is significant. The is very rescind, we are taking it away and you say as you point out they are saying we like what he does, but crucially, they like his brexit optimism, so as long as he appears to be saying the right things, they will be happy. Thank you. Panel, first of all is this the end of austerity . Some are writing this up as the end of austerity. It is pretty much. Have a look at the forecast, he has given up, he will balance the books, it is stretching off into the future, we have had lots of spending without any indication about where the money will come from. They have thought, Jeremy Corbyn isnt going to tease up for running up a massive debt so we are in a political hole so let us dig out with lots of borrowed money. Have they given up on austerity . I think there has to be a recognition it hasnt worked when you have a missed so many of your target, and when Economic Growth is downgraded again, you have got to start thinking this isnt the right approach, saying that, the real end of austerity would be to is that right undoing the cuts. We have more to come. Exactly. They havent, they are still doing the same narrative about austerity is the right thing rather than this opportunity to invest. Do you think this is the key, thatJeremy Corbyns relative success against expectation in the general election has spooked them and they have said we need to throw bait of money at stuff, is that your take . Yes, but they are just gestures, they created it themselves. Homelessness has doubled since they have been leading government, and sow they throw money at it. They are undoing the damage they have done. I am not going to clap about it. You were there running it when austerity was the name of the game. Do you feel like this is a significant change in direction . It spent quite a lot of money, so he is spending tens of billions more, normally that would be seen as a pretty expensive budget for the public finance, the big picture it is not the end of austerity, government budgets are tight for some years to come. It there are difficult decisions like a benefit freeze that is stretching years ahead. I think they have paused their level of ambition, i think that is partly for the politics, and partly on the economics that right now with brexit uncertainty isnt the time to be doubling down. Do you feel like its a vision of what it is doing or where it wants to go . He said this is not a budget about brexit, it is about more than brexit. Did you get the sense they have a kind of a picture i thought he did a betterjob of telling the stories focussing on House Building and the progressive nature of the reforms, the top of the 1 , the richest 1 paying 27 of income tax, these are real achievements from reforms and the tories have been bad about boasting about it, but now they are. So for once, he is beginning to point out that this is not just about cutting, this is about building a fairer and stronger country. It is difficult to claim we are fairer when we have so many people going to food bank ex when those on the rich list have seen their wealth double. Inequality has been coming down. The states say we are more equal. Which measure are you using. That is bad at the extremes, you can ask the ifs that. The overall measure of inequality has come down since 2010 and the people whose incomes have fallen the most are those at the top. I am more interested, we have been saying the narrative has been this is a leaderLess Government, it doesnt know what it is doing, where it is going. It is passing time. Has this game change that . For the economy, and for what our country is going to look like. Nothing else matters but. We dont know what anything, this is a sort of fantasy league. A statement for the government to try to Say Something and the biggest thing it hasnt been a disaster, which is more than you can say about the party conference, the election, about the last budget. You need to get through this and it not to implode. So far the night is young it hasnt. What a low bar, what a low bar we have set. Meanwhile, meanwhile we have more nurses, 30 more nurses leaving thanjoin, we have 88 of education of schools facing real term cuts. I mean, listen, when you look at the stat, whether it is Child Poverty and relative Child Poverty is going up. When you look at homelessness, this is not a sign of a healthy economy. How far do you think is the, if not theJeremy Corbyn kind of nod to him, at least a nod to ed miliband. There is a lot of that about this government at the moment. I think it is a nod toJeremy Corbyn more than ed miliband. He lost an election and Jeremy Corbyn also lost but he gained a lot of seat, i think some of the spending money on the Health Service any conservative government would do, what chris cook was saying about the line between nhs england and the government is something to watch. Your point about vision, i thought that Philip Hammond managed to do today, which was just the beginning, was try and give us a picture of in the long term there are some things that might be more important than brexit, i think think it is important but the new technology, biotechnology, driverless car, longer life span, they will be more important than brexit. He did at least have a long section of the speech trying to talk about science and technology in an interesting way. That was a small achievement. It is interesting from the same sort of end of the political spectrum, rupert is thinking Jeremy Corbyn has made a lot of running here. Yes, corbyn terrifies the conservatives, sixth months ago they were laughing at him. It has been a big change. Does this work then . Ken clark said it is not corbyn lyth but do you think what he has done corby lite, shoots the corbyn fox, rail cards for 26 30 year olds. They are bribes and gimmicks and will be seen as such. We are at the beginning of recovery. It is beginning to show a government which knows where it is going and made a few reasonable steps today in getting there. This was a nothing budget. There was nothing really in it. It was gimmicks and gestures and hammond said this is about the future and being fit for the future, and then he had nothing, no substance to really start backing that up. A lot of this is designed to get young people up. The figures are shocking. What a stamp duty holiday when young people are coming out of university with £50,000 of debt. Do you think it will work . We likely have four years or more until the next election, this is about steadying the ship, about getting a government that wont collapse month to month, that can deliver brexit, and you know, by the time we have the next election we will have a new leader of the conservative party and the world will look different. Thank you all very much. Well, tomorrow we will probably discover if there was anything we hadnt talked about today, but that is all we have time forfor now. I will be here tomorrow. Good night. Good evening. Some much Colder Weather on the way for the uk in the coming days, especially this weekend that said, the colder air is already trying to push its way into scotland at the moment and we will see some snow and potentially troublesome so for more than scotland by the time we get into the morning rush hour. Some accumulation could make difficult driving conditions. In the south, heavy rains at the next few hours and by the end of the night a lot of that will have cleared. Mild to the south of the British Isles. Contrast that to the chill further north. Another windy day to come on thursday. There is the snowwhite was talking about. That will pull away through the morning but more wintry showers will follow on for scotland, Northern Ireland and Northern England through the day so a chilly feel and quite a mixed bag of whether. Some sunny spells that rain and snow were times. Further south, sunshine and still mild, 14 in london but you can not escape the chill. Cold air plunges south across the British Isles on friday and it will stick around on saturday and sunday as well. Im rico hizon in singapore. This is news day on the bbc. Newsday. The headlines ecstatic crowds welcome the return of former Vice President , emmerson mnangagwa, to harare. He will be sworn in as zimbabwes new president on friday. The us calls myanmars military operation against the rohingya ethnic cleansing and threatens sanctions. Im kasia madera in london. Also in the programme the so called butcher of bosnia is brought to justice. Ratko mladic is sentenced to life in prison after being convicted of war crimes. And the amazing nasa timelapse that promises a new perspective on Climate Change and how our planets evolved over the past 20 years

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