there s not the infrastructure in there s not the infrastructure in the first place to there isn t. it the first place to there isn t. it is great that this is helping families is great that this is helping families and people back into work but if families and people back into work but if nurseries have to close, there but if nurseries have to close, there will but if nurseries have to close, there will not be anybody to even run these there will not be anybody to even run these places, so it is a bit pointless run these places, so it is a bit pointless really. at my nursery it is predominantly a privately paid nursery. is predominantly a privately paid nursery, so if i take on more funded places. nursery, so if i take on more funded places. i nursery, so if i take on more funded places. i lose nursery, so if i take on more funded places, i lose money. the nursery loses places, i lose money. the nursery loses money. businesses have already been shouting, especially ar
the london evening standard newspaper. it s a big day in uk politics with the country s spring budget unveiled in the house of commons by the chancellorjeremy hunt, the first since the political turmoil that proceeded rishi sunak becoming prime minister. mr hunt said the uk will avoid a recession and he hailed a british economy that he said is proving the doubters wrong . for more on this, i m joined by sir steve webb, former minister of state for pensions under the coalition government. thank you very much for coming in. the reason we have invited you in is there has been a bit of a shock on pensions today in the budget. just explain if you would what has been announced. explain if you would what has been announced- explain if you would what has been announced. that is right, there is a lifetime limit announced. that is right, there is a lifetime limit on announced. that is right, there is a lifetime limit on how announced. that is right, there is a lifetime limit on how much
stressed that it was a budget of good news and that the fact is, since october things are heading down again, but it looks better than it would have looked before october, and what he forgot to explain, i m sure he did not forget, but what he chose not to explain is the reason that borrowing costs spike is the so called fiscal and event delivered by his predecessor, which the markets reacted to, and then liz truss was driven from office. less than six months ago those extraordinary political events that made it the shortest serving prime minister of modern times, and saw a spike in borrowing costs, mortgage cost, orthe spike in borrowing costs, mortgage cost, or the extra pressures that were added to the other things like the war and inflation. things have calmed down but, waters are not necessarily leaving the government in a happier political position?
that together with the wraparound schemes to make sure that schools help parents from eight in the morning until six at night, talking about dropping them off and picking them up, taken altogether, do you know how many numbers of people that would bring back into work? it is hard to say- would bring back into work? it 3 hard to say. childminders are on poverty wages because itjust does not make sense financially which is why we have seen it so many leave the workforce are giving them this one off payment of £600 is not going to change a lifetime of poverty wages so i m not too convinced that is really going to change the dynamics in terms of the number childminders we are seeing. tail your organisation tries to come up with ideas for improving the quality of life and living standards for low and middle, families, did you see much to help that the budget? it you see much to help that the budet? , ., , you see much to help that the budet? ,. , , , budget? it is a very big budget with