Will save the average worker about £75. But is that the budget rabbit that conservative backbenchers were after . The answer plainly is no, but the truth is, there was simply not enough money to deliver the cut in income tax they had demanded. After the measures announced today, the Office For Budget Responsibility estimated the chancellor has just £8. 9 billion of headroom left, down from the 13 billion he had in the autumn statement. That the second smallest on record, yet the chancellor gave us a relatively optimistic view of the economy, after covid, a war in europe, and the damage inflicted on the british economy economy this, he said, was a budget for long term growth. Todays obr forecast also shows that we have made Good Progress on the Prime Ministers three economic priorities. Compared to when the three pledges were made, inflation has halved, debt is falling in line with our fiscal rules, and growth is fully 1. 5 Percentage Points higher than predicted. Clamouring. And as g
Ministers questions. It is always a little different, the pmqs ahead of the budget. He has vacated the chair for the Deputy Speaker. She will be going through some of the notices ahead ofjeremy hunt, the chancellor, delivering his Budget Statement. He will take to his feet shortly and will probably speak for about an hour shortly and will probably speak for Aboutan Hourand shortly and will probably speak for about an hour and then it will be the turn of the leader of the opposition, keir starmer to respond. We will take both of those live and uninterrupted and we will then have reaction from the Chief Secretary to the treasury, laura trott, part of the treasury, laura trott, part of the Treasury Team and her shadow for labour. Here isjeremy hunt. Madam Deputy Speaker, as we mourn the loss of life in israel and gaza, the loss of life in israel and gaza, the Prime Minister reminded us of the Prime Minister reminded us of the need the Fight Extremism and heal divisions. I start today by r
is at its lowest level for almost 50 years, according to figures released this morning. the chancellor kwasi kwarteng will meet the treasury select committee to bring you his economic plans. we will have updates about shortly. a hearing is under way at the supreme court on whether scotland can call an independence referendum without the consent of the uk government. there is at the wreck of the mary rose. it has come to the surface and it s exactly a0 years since henry viii s flagship the mary rose was raised from the bottom of the solent after 437 years under the sea. we can now go straight to the nato secretary generaljens stoltenberg to his reaction on those russian strikes in ukraine yesterday and today. we strikes in ukraine yesterday and toda . ~ . today. we will further increase the -rotection today. we will further increase the protection of today. we will further increase the protection of our today. we will further increase the protection of our critical p