But we know we can make things work better. That is the way well open ultimately get the rising Living Standards we all want to see. You talk about wanting to get that revenue in and increase spending on Public Services, but your u turn, if we can call it that, or this this moment of that green Prosperity Plan just sort of indicates the challenges that all Political Parties face at the moment. Many things like the green Prosperity Plan just cant be costed at the moment. � ,. , moment. After the disaster of the liz truss minibudget moment. After the disaster of the liz truss minibudget and moment. After the disaster of the liz truss minibudget and the moment. After the disaster of the j liz truss minibudget and the rise Liz Truss Mini Budget and the rise in Interest Rates, we had to change some of those plans. But our plan remains a fundamental part of our offer. Its our National Fund and four gigabytes energy to work on the front tier, new technologies in the future. Gb gb engery. Any big plans for the future in terms of Public Services or even tax cuts are likely to be met. The only way our economy has grown is working for immigration. Thats the big thing that makes the measure of Living Standards that we all look too. On any measure, that has been a dreadful story. But all look too. On any measure, that has been a dreadful story. Has been a dreadful story. But do ou has been a dreadful story. But do you accept has been a dreadful story. But do you accept you has been a dreadful story. But do you accept you are has been a dreadful story. But do you accept you are going has been a dreadful story. But do you accept you are going to has been a dreadful story. But do you accept you are going to face. You accept you are going to face very similar challenges if you do enter government that the current government does . Because the Debt To Gdp Ratio is high. You can have all these ambitions, but there are constraints because of the outlook. H are constraints because of the outlook. , ~ are constraints because of the outlook. ~. ,. ,. , outlook. I take nothing for granted, but if labour outlook. I take nothing for granted, but if labour win, outlook. I take nothing for granted, but if labour win, there outlook. I take nothing for granted, but if labour win, there are outlook. I take nothing for granted, but if labour win, there are whole l but if labour win, there are whole grains of things a whole range of things that would be one of the hardest inheritances that any government would ever face. Hardest inheritances that any government would everface. But hardest inheritances that any government would ever face. But that makes it even more important to have real tangible things on planning and making brexit work better, around sorting out the National Grid and having agreed a prosperity fund. Unless the economy is stimulated and grows more strongly, these challenges will be ones that are not just here for a short term, but for the medium and long term. Thats why its such a priority for labour. Thats why we bring so much priority into that area. Into that area. Jonathan reynolds, thank ou into that area. Jonathan reynolds, thank you very into that area. Jonathan reynolds, thank you very much. The chancellors been speaking to reporters this afternoon. Weve shown that we can continue to cut taxes weve shown that we can continue to cut taxes in weve shown that we can continue to cut taxes in a weve shown that we can continue to cut taxes in a way that makes a real difference cut taxes in a way that makes a real difference to peoples Family Budgets combined with the autumn. Its budgets combined with the autumn. Lts an budgets combined with the autumn. Its an extra £900 in peoples pockets its an extra £900 in peoples pockets if its an extra £900 in peoples pockets if theyre on the average wage pockets if theyre on the average wage from the insurance cuts. And make wage from the insurance cuts. And make Public Services better at the same make Public Services better at the same time. To help the nhs, to help the police same time. To help the nhs, to help the police cut crime, to help our schools the police cut crime, to help our schools be the police cut crime, to help our schools be run more efficiently. Its a schools be run more efficiently. Its a budget that protects Public Services, its a budget that protects Public Services, brings down taxes and help. Row services, brings down taxes and help grow the services, brings down taxes and help grow the economy. But services, brings down taxes and help grow the economy. Grow the economy. But fiscal drag means most grow the economy. But fiscal drag means most workers grow the economy. But fiscal drag means most workers will grow the economy. But fiscal drag means most workers will be grow the economy. But fiscal drag | means most workers will be worse grow the economy. But fiscal drag means most workers will be worse off than they would have been had threshold risen with inflation. Are you planning to raise those anytime soon . ,. ,. , you planning to raise those anytime soon . , i. ,. ,. , soon . Even after you take account the impact soon . Even after you take account the impact of soon . Even after you take account the impact of thresholds, soon . Even after you take account the impact of thresholds, what soon . Even after you take account| the impact of thresholds, what you see is the impact of thresholds, what you see is that the impact of thresholds, what you see is that after four percentage point see is that after four percentage point cuts, there is a big reduction in the point cuts, there is a big reduction in the tax point cuts, there is a big reduction in the tax funds. We stuck to the plan in the tax funds. We stuck to the plan we in the tax funds. We stuck to the plan we have, the forecasts are much more plan we have, the forecasts are much more optimistic for the economy going more optimistic for the economy Going Forward and as conservatives, we believe Going Forward and as conservatives, we believe we bring down the tax burden, we believe we bring down the tax burden, that will fire up the economy burden, that will fire up the economy and create more jobs, more Money Economy and create more jobs, more money for economy and create more jobs, more money for Public Services the nhs. Joining money for Public Services the nhs. Joining me money for Public Services the nhs. Joining me now isjames dailey, a joining me now is james dailey, a conservative mp. The conservative, not a conservative welcome to bbc news. I dont know if you are listening to the labour perspective. I didnt hear him, im afraid. I was i didnt hear him, im afraid. I was auoin to i didnt hear him, im afraid. I was going to ask i didnt hear him, im afraid. I was going to ask you for your take. Going to ask you for your take. There are a lot of challenges in the economy at the moment. Do you think this was the budget that went far enough . Youre going to say that it was a conservative budget, so let me. Me. Bystander me. Bystander chanting there are many who say that the set a time. I apologise laughter Bystander Chanting why do you think this is an election winner . I why do you think this is an election winner . ~ ,. , winner . I think this is right for the country winner . I think this is right for the country that winner . I think this is right for the country that it winner . I think this is right for the country that it is winner . I think this is right for the country that it is and winner . I think this is right for the country that it is and that. Winner . I think this is right for| the country that it is and that is tackling the taxation of Working People. Its meaning that £900 since the Autumn Statement is going in there. They can make the decision they think is best for their money. I think its a really. Its about stimulating growth. Thats what we conservatives are about. Keir starmer said conservatives are about. Keir starmer said this conservatives are about. Keir starmer said this is conservatives are about. Keir starmer said this is about. Bystander chanting ill try that again. Sir keir starmer said this is about more and more for less and less. He talked about how food prices are going up. How the cost of mortgaging is going up. He raised the concern that other people that we spoke into will. There is not enough support for people are really struggling. Household support has been important. Bystanders chanting by by six months . Yes, but i think this is about resetting by six months . Yes, but i think this is about resetting the by six months . Yes, but i think this is about resetting the governments view for the country. Weve taken the very different decision. Bystanders chanting tories out thats what this budget is about. Someone says this is a starting going to the next General Election. It doesnt look good for your party. Do you think this budget is going to do enough to reverse what is a 20 point trial in the polls . Listen to them in the last iii years, the conservative government has created, under our watch, 800 jobs a day. I wanted to support an organisation to give people the opportunity to get good, high payingjobs give people the opportunity to get good, high paying jobs and invested in skills. Youve got a chance no matter your background and keep as much money as you possibly can. If much money as you possibly can. If you look at the figures, inflation is still at four was percent. Protesters chanting people are saying the cost of food and rent is going up. Faisal islam had that traffic. Theyre going up as well. On the ground, you can say what you like, but there are people watching, saying theyre really struggling and they want to change. Hopefully they will take into account what the government have done. When we talk in terms of public spending, really important to talk about. We got records numbers of. Our commitment has been very important. In terms of the Energy Price Inflation that we have in the ukraine war, these were very testing time and the government recognise that and put in various funding for Working People. Ithink that and put in various funding for Working People. I think our record of delivering billions of pounds of aid has showed this is a government that wants to make sure that we turn a corner, which we will, and that people can make the choices in their lives which they are best placed to make rather than the state. Just as we stuck that make rather than the state. Just as we stuck that interview. Make rather than the state. Just as we stuck that interview. I make rather than the state. Just as we stuck that interview. I said. Make rather than the state. Just as we stuck that interview. I said it. We stuck that interview. I said it would quiet down, it hasnt Protesters Chanting would quiet down, it hasnt Protesters Chanting tories out thank you Protesters Chanting tories our thank you 50 Protesters Chanting tories our thank you so much. Protesters chanting tories our thank you so much. Were Protesters Chanting tories out thank you so much. Were hearing Protesters Chanting tories out i thank you so much. Were hearing on despite the noise in the background. The view from the labour party and the Conservative Party. Lets go now to bbc verify� s correspondent nick eardley. Hi, rajini vaidyanathan. Hi, rajini no hecklers here the chancellor is selling his budget as one that puts money back in peoples pockets by cutting tax. I think its important to see that in the context. Because the levels of which you start paying different taxes have been frozen, more and more people would pay higher levels of income tax. You might have heard that Cold Fiscal Drag by politicians. From this man, jeremy hunt, today, we get this to try to address it. 2p cut from National Insurance. This is paid by people who work, not by pensioners. The chancellor also cut 2p in the pound last year. What does it mean overall tax level . When you countless cuts count those cuts and you count those freezing the thresholds that i was talking about a second ago, i have a look at this. Its not working, but on this one. I beg your pardon. This is how much of gdp is collected by the treasury and taxes. You can see over the last few years, it has gone up and its gone up years, it has gone up and its gone up quite a lot. And if you look at this, the bit after 2025, its still going up. The cut to National Insurance today means that the pace has slowed, but is still going up. That means in a few years time, it is going to be at the highest level since 1948. Despite todays tax cuts, the tax take in the uk is going to be at the highest level since 1948. That doesnt mean the same thing for every person. If i take you back to the screen, this is one that i find very striking. This is about whos better off, notjust as a result of what happened today. If you take all this in the mix freezing tax thresholds and reducing National Insurance and have a look at who benefits. Its people earning £35,000, £55,000. If you earn £15,000, if youre a low earner, you will have less money as a result of all of this. Likewise if you earn £75,000 as well. Its brackets here that are starting to see the benefit of what the chancellor has announced today. One other thing has come up a lot over the last few months but we want to have a final look at debt. You probably are the ministers say the debt is coming down. In truth, the debt is coming down. In truth, the picture is a lot more complicated. This debt versus the size of the economy, gross domestic product. Its going up, comes down a bit and its still going up after today for the next few years. It stays the same for a year, and on the productions that are published today, it goes down a tiny bit in the final year of the forecast. Thats what ministers are talking about when they tell you debt is falling not the next few years as a whole, for the final year forecast. Thats the target they set themselves, thats what they mean when they say the debt is falling. Overall, there was a lot in the figures today. Jeremy hunt says its a moment where the economy starts to get back on track, its a Turning Point. There is evidence thats true, but on tax, the overall tax take is still heading for a record high. Nick eardley taking us through some of the numbers from todays budget. Housing is a big concern in the uk. To discuss more about what was in the budget for people who are struggling with housing, im joined by the Housing Correspondent for the i newspaper, vickie spratt. Youve done amazing work. I spoke to anotherjournalist done amazing work. I spoke to another journalist who said done amazing work. I spoke to anotherjournalist who said that renters really didnt get what they wanted and that budget. Whats your analysis of what the budget has. General election now analysis of what the budget has. General election now theyre going further and say General Election now theyre going further and say the General Election now theyre going further and say the housing General Election now theyre going further and say the Housing Crisis i further and say the Housing Crisis is getting worse. There was nothing in the budget today to fix it. We had a tax cut, we had a stamp duty cut. There is actually nothing to help protect. There might be something for first time buyers. Im not sure there is. At least thered be something General Election now nothing of the one thing they hope is the cut to National Insurance. That one thing they hope is the cut to National Insurance. One thing they hope is the cut to National Insurance. That will hold Affordable HomesNational Insurance. That will hold Affordable Homes over National Insurance. That will hold Affordable Homes over a National Insurance. That will hold | Affordable Homes over a fiveyear Affordable Homes over a five year period. Affordable homes over a fiveyear eriod. ,. ,. , thanks for bearing with us here on bbc news as we are hearing a bit of noise in the background there. We are of course on College Green outside parliament, and you do often get hecklers and protesters. We will continue on, despite what we hear in the background. Two gi just what the budget means in terms of a General Election which we know is going to likely happening to digest, lets see when that is called. Im joined byjoe twyman, the director of deltapoll, public employment. I hope you got a voice that carries Protesters Shout mi; hope you got a voice that carries Protesters Shout hope you got a voice that carries Protesters Shou ,. ,. ,. , Protesters Shout my voice is louder than my my voice is louder. What are the olls my voice is louder. What are the polls saying my voice is louder. What are the polls saying about my voice is louder. What are the polls saying about this . My voice is louder. What are the polls saying about this . Is my voice is louder. What are the polls saying about this . Is too. Polls saying about this . Is too early to have anything detailed, but the economy is always a big issue. Its really important to look at the long term trends in the polls, both in terms of. The most important issues facing the country. The economy Cost Of Living have been on top of concerns the country and for the families for many months. In terms of voting, the conservatives have been in trouble for four years. You have to go back to december 2021. Labour have been hit by double digits since September 2020 and every published poll. September 2022. This presented an opportunity for the conservative to turn things around. But i think its very unlikely that this will be a Turning Point rather than a talking point. We talked about this a lot in westminster. There are voters who love tax cuts. What do the polls say about that now . About that now . There is a section that loves it. About that now . There is a section that loves it, but about that now . There is a section that loves it, but its about that now . There is a section that loves it, but its relatively that loves it, but its relatively small. Its only around 11 , surround one in ten. Thats for the general public and also among the conservative voters. Conservative voters. Thats a lot lower than conservative voters. Thats a lot lower than one conservative voters. Thats a lot lower than one would conservative voters. Thats a lot lower than one would imagine i conservative voters. Thats a lot lower than one would imagine given the amount of conversation people have about it. Its the amount of conversation people have about it have about it. Its very popular amon have about it. Its very popular among conservative have about it. Its very popular among conservative mps, have about it. Its very popular among conservative mps, so l have about it. Its very popular among conservative mps, so i | have about it. Its very popular among conservative mps, so i think thats why it attracts a Disappointment Amount of attention. They believe it should be kept as it is. They believe it should be kept as it is,, they believe it should be kept as it is. ,,. ,. , protesters tories out around about 16 say we should lower spending and taxes as well. In terms of actual priority for the government, its relatively small. Thank you very much for taking us through some of the pulling information around the budget and for bearing with us with the noise in the background. You are of course watching our continuing coverage of todays budget here on bbc news. A reminder that Chancellorjeremy Hunt finished his statement by attacking the labour partys plans for the economy. The labour partys plans for the econom. ~ , the labour partys plans for the economy the labour partys plans for the econom. ~ ,. ,. ~ economy. We put this country back on the ath to economy. We put this country back on the path to lower economy. We put this country back on the path to lower taxes. Economy. We put this country back on the path to lower taxes. A economy. We put this country back on the path to lower taxes. A plan economy. We put this country back on the path to lower taxes. A plan to the path to lower taxes. A plan to grow the path to lower taxes. A plan to grow the the path to lower taxes. A plan to grow the economy versus no plan, a plan for grow the economy versus no plan, a plan for better Public Services, versus plan for better Public Services, versus no plan for better Public Services, versus no plan. A plan to make work made versus no plan. A plan to make work made versus versus no plan. A plan to make work made versus no plan. Growth up, jobs up, made versus no plan. Growth up, jobs up. Taxes made versus no plan. Growth up, jobs up, taxes down up, taxesl made versus no plan. Growth up, jobs up, taxes i commend the statement to the house up, taxes i commend the statement to the house . ,. , in response, the Leader Of The Labour Party called the budget a last, Desperate Act and called on the government to call a General Election in may. The government to call a General Election in may. Britain deserves a Government Election in may. Britain deserves a government ready election in may. Britain deserves a government ready to election in may. Britain deserves a government ready to take election in may. Britain deserves a government ready to take tough. Government ready to take tough decisions, give up Public Services and immediate cash injection, stick to for and immediate cash injection, stick to for school rules, fight for the living to for school rules, fight for the Living Standards of Working People and deliver a sustainable plan for growth so we say to the chancellor and Prime Minister, its time to break the habit of 14 years. Stop the dithering, stop the delay, stop the uncertainty. And confirm may the 2nd as the date of the next General Election because britain deserves better and labour are ready. Mps shout joining me now is katy balls and ava evans. Welcome to bbc news. We will persevere despite the noise in the background. Sir keir starmer saying he wants the election on may the 2nd. Not surprising given where labour are in 2nd. Not surprising given where labourare in the 2nd. Not surprising given where labour are in the polls. Lets start with you, katy. Do you think this changes the timing of an election . Im not sure, but i think you cant watch that budget in the may election is likely. I think it suggests what has always been the default settings for the government, which is pushing it back to later in the year. It didnt have the big giveaway that it might have. That was the one tories have have at the top of their wish list. I thing in a way, it was almost to seen as a steady as you go budget. It was just before this election, we would expect a bit more. Its before this election, we would expect a bit more. Its interesting because we expect a bit more. Its interesting because we were expect a bit more. Its interesting because we were speaking expect a bit more. Its interesting because we were speaking to expect a bit more. Its interesting because we were speaking to someone from deltapoll who says there were 11 who wanted tax cuts. Do you think tax cuts will are not having them makes a difference in terms of them makes a difference in terms of the challenge of that the Conservative Party does still face . Its really important to backbenchers that they can sell tax cuts on backbenchers that they can sell tax cuts on the backbenchers that they can sell tax cuts on the doorstep, but if you are a voter, cuts on the doorstep, but if you are a voter, the cuts on the doorstep, but if you are a voter, the polling shows you dont actually care that much. If you look at young actually care that much. If you look at young people, theres absolutely nothing at young people, theres absolutely nothing in at young people, theres absolutely nothing in the budget for them, particularly the 11 Million People who are particularly the 11 Million People who are renting in this country. Theyve who are renting in this country. Theyve seen the were signed of the cost of theyve seen the were signed of the Cost Of Living crisis. Theyre paying Cost Of Living crisis. Theyre paying more for their food. What on earth paying more for their food. What on earth is paying more for their food. What on earth is there in the budget to help them . Earth is there in the budget to help them . , earth is there in the budget to help them . Tories earth is there in the budget to help them . Tories out earth is there in the budget to help them . Tories out earth is there in the budget to help them . Tories out them . Katy. Tories out how much ou think them . Katy. Tories out how much you think the them . Katy. Tories out how much you think the economy them . Katy. Tories out how much you think the economy is them . Katy. Tories out how much you think the economy is going them . Katy. Tories out how much you think the economy is going to i you think the economy is going to dominate . Do you think thats likely at how much do you think i could change the game for the conservatives . Protester tories out i think the economy has not predicted. I think whether it is tax cut or better services, people feel things in different ways. In terms of you think thats the last election, it was very unique. It was about getting brexit done, jeremy corbyn, also the borisjohnson faster. Factor. Therefore, you do think with the tories holding on, there will be problems. You heard inflation is down to 2 . That can mean rate cuts. That could have a big difference. There are reasons, particularly because its really hard to call on election on recession. Hard to call on election on recession. Ava, the obr S Forecasting recession. Ava, the obr S Forecasting that recession. Ava, the obr S Forecasting that target. L recession. Ava, the obr s i forecasting that target. The recession. Ava, the obr S Forecasting that target. The Prime Minister is a its double that. If Interest Rates come down, all those things could favour the conservatives. Things could favour the conservatives. ,. ,. ,. , conservatives. The big indicator of when they will conservatives. The big indicator of when they will call conservatives. The big indicator of when they will call an conservatives. The big indicator of when they will call an election i conservatives. The big indicator of when they will call an election is i when they will call an election is when when they will call an election is when inflation hits 2 . We have quite when inflation hits 2 . We have quite a when inflation hits 2 . We have quite a few clues for that. Every single quite a few clues for that. Every single tax quite a few clues for that. Every single tax freeze or tax cut that jeremy single tax freeze or tax cut that jeremy hunt was offering, he qualified that by. Protesters tories out the real question is how people are feeling the real question is how people are feeling at the real question is how people are feeling at the moment. Youre Thinking Feeling at the moment. Youre thinking youre not happy and you dont thinking youre not happy and you dont want thinking youre not happy and you dont want to continue with this government. Dont want to continue with this government. ,. , ,. , government. That is an issue, katy, because i government. That is an issue, katy, because i think government. That is an issue, katy, because i think from government. That is an issue, katy, because i think from january government. That is an issue, katy, because i think from january to i because i think from january to february, food prices rises decelerated. People arent necessarily feeling that. I decelerated. People arent necessarily feeling that. I think its a huge necessarily feeling that. I think its a huge issue necessarily feeling that. I think its a huge issue and necessarily feeling that. I think its a huge issue and as necessarily feeling that. I think its a huge issue and as well. Necessarily feeling that. I think its a huge issue and as well asj its a huge issue and as well as inflation, theres also fixable drag. The issue is because of the freezing of the threshold freeze, it will feel as though they are, despite 4p, i think labours attack line is something theyre Hearing Backin Line is something theyre hearing back in focus groups. What tax cut is really going to. I dont think they have a convincing answer. Boa. They have a convincing answer. Ava, what can the they have a convincing answer. Ava, what can the labour they have a convincing answer. Ava, what can the labour party they have a convincing answer. Ava, what can the labour party answer that different distinctively . What that different distinctively . What they should that different distinctively . What they should be that different distinctively . What they should be doing that different distinctively . What they should be doing is that different distinctively . What they should be doing is looking at local councils. I think the news we had yesterday about the tax rises, they are had yesterday about the tax rises, they are effectively bust. They should they are effectively bust. They should be thinking what they could be doing should be thinking what they could be doing and peoples local areas, to show be doing and peoples local areas, to show that they are the party of government. One thing i think the tories government. One thing i think the tories were government. One thing i think the tories were thinking about with this budget, tories were thinking about with this budget, they were going to offer it to young budget, they were going to offer it to young people. If labour can hi harness to young people. If labour can hi harness that, an appeal to young people. Harness that, an appeal to young people, they would do that. Katy, very briefly. People, they would do that. Katy, very briefly. One people, they would do that. Katy, very briefly, one thing people, they would do that. Katy, very briefly, one thing we people, they would do that. Katy, very briefly, one thing we noticed in that budget everybody� s been accusing each other of stealing policies, but the thing on non doms was a labour party proposal. Also the windfall tax being extended. Theres a lot of mixing up. There are problems theres a lot of mixing up. There are problems on theres a lot of mixing up. There are problems on both theres a lot of mixing up. There are problems on both sides. It i theres a lot of mixing up. There i are problems on both sides. It irks the leaders on the right. But it does box labour into a degree because theyre now being asked if theyre not changing their pledges, what is it a tax rise, as it barring . Best how the tories want to fight the next election. Kata; barring . Best how the tories want to fight the next election. Fight the next election. Katy balls and ava send fight the next election. Katy balls and ava send tina fight the next election. Katy balls and ava send tina evans, fight the next election. Katy balls and ava send tina evans, thank l fight the next election. Katy balls l and ava send tina evans, thank you very much. If you want any more on the details, or you want more analysis, you know where you can go. That is the bbc news website. We are still running a live page as well with reaction from across the political spectrum. As i say, theres plenty more analysis and updates on the page as well. Im rajini vaidyanathan. Thank you for being with me for our coverage of the budget. I leave you now, thanks for watching. Jeremy hunt cuts National Insurance and extends child benefit, but the average tax payer will be paying more in the coming years. Weve put this country back on the path to lower taxes. Give with one hand, take even more with the other. The economy is always front and centre the economy is always front and centre in the economy is always front and centre in an the economy is always front and centre in an election the economy is always front and centre in an Election Year the economy is always front and centre in an Election Year and i the economy is always front and centre in an Election Year and it| centre in an Election Year and it was front centre in an Election Year and it was front and centre in an Election Year and it was front and Centre Centre in an Election Year and it was front and centre here centre in an Election Year and itl was front and centre here today. Centre in an Election Year and it i was front and centre here today. The battle was front and centre here today. The battle for was front and centre here today. The battle for economic was front and centre here today. The battle for economic credibility was front and centre here today. The battle for economic credibility is i battle for economic credibility is on. ,. , � battle for economic credibility is on. , �. Battle for economic credibility is on. , � , on. How could the budget affect us all . Well be looking at what these measures mean for all of us. Also today, a near miss for president zelensky in ukraine. As he hosted the greek Prime Minister a Russian Missile landed near by. No one from either delegation was harmed, but five people were killed. Nikki haley the last remaining rival to donald trump for the republican president ial nomination pulls out of the race for the white house. And the sea Bird Sanctuary off the Northumberland Coast re opening after a major outbreak of avian flu. Coming up were allowed to the Eddie Hammond stadium where Manchester City are looking to come the first british side of this Champions League quarterfinals. Hello there, welcome to newcastle, on the dayjeremy hunt