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Transcripts For BBCNEWS BBC 20240702

things economically, there is always huge scope to cut or raise taxes, or spending, and then there is what his room for manoeuvre is within his self imposed targets. we must be clear on this. a government s finances are completely unlike a household finance. we live in a currency where the government issues currency, we cannot do that, ferns cannot do that, whereas the government issues a currency and has a lot more freedom than us. not many of us have a money printing press in our front rooms. of us have a money printing press in ourfront rooms. but of us have a money printing press in our front rooms. but the chancellor must calculate his own self imposed targets so wriggle room is against those, and those are a political judgment. they are based on what the government thinks the markets will wear. just like in the mini budget wear. just like in the mini budget we had last year, there seemed to be no constraints on what the government will blow on tax cuts, for example, so

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