given where the forecasts were two years ago, but, that borrowing forecast will come down, and indeed, it could come down below two or three % which means on a current basis, that stripping out investment spending he could end up having a surplus, he will end up, he will bring forward new rules i think to restain his borrowing going forward, we have had a lot load of these things, they are supposed to signal credibility. share things, they are supposed to signal credibili . , credibility. are they meeting meaningful. credibility. are they meeting meaningful, chancellor- credibility. are they meeting meaningful, chancellor love - credibility. are they meeting i meaningful, chancellor love them, credibility. are they meeting - meaningful, chancellor love them, do they sort of say the same kind of thing when they bring them? basically it allows you to spend money on equipment and infrastructure, that have a return over five, infrastructure, that have a return overfive, ten,
pre-announcements, big spending? when you look at the pre-announcements, they - big spending? when you look at the pre-announcements, they have - big spending? when you look at the l pre-announcements, they have been pre announcements, they have been designed pre announcements, they have been designed to pre announcements, they have been designed to sound as big as possible. they have been stretched over a possible. they have been stretched over a period of years, it is mainly capital over a period of years, it is mainly capital spending. so that is long term investment spending on things long term investment spending on things like long term investment spending on things like nhs equipment, much needed to deal with the huge waiting much needed to deal with the huge waiting lists, but that has long term spending. it doesn t necessarily count against the key borrowing necessarily count against the key borrowing targets, for example. even at 20 borrowing targets, for exa
“pensive- pumpkin soup has never been so exensive. ~ ., , , ., ,, expensive. when i do my shopping, the bill is soaring. expensive. when i do my shopping, the bill is soaring. the expensive. when i do my shopping, the bill is soaring. the message - the bill is soaring. the message here is that the bill is soaring. the message here is that people the bill is soaring. the message here is that people expect - the bill is soaring. the message here is that people expect help| the bill is soaring. the message - here is that people expect help with rising prices at this budget, and although we have heard a series of very large sounding announcements already, many of those are about long term investment spending, or they reflect announcements already made or in the case of public sector pay we just don t know how much the rise is going to be. that is because a chancellor that has spent nearly two years spending and borrowing hundreds of billions of pounds in the pandemic rescue, wan
to though. where are you on that and if that is where we are every proposal i have seen suggests that the amount of tax revenue being raised here is in the $2 trillion range if this is where it ends up is that something you can support? second, if you have long-term investment spending, that is fine. on the inflation concern, look at what larry summers said. if you really care about it, talk to the fed at quantitative
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