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this man does the sums that tell the government how much money they have to spend. but why do they sometimes get it wrong? we ll ask the boss of indepent organisation the obr, richard hughes. it s michael gove s job to make sure the chance of a good life is spread fairly across the land, but can he level the country up when living standards are going down? labour s lucy powell has big plans for the bbc what s the problem she s trying to fix? and remember this act of courage? marina ovsyannikova famously interrupted live tv in russia to protest against the war in ukraine. she ll tell us about her astonishing escape. translation: i was thinking it was better for me translation: i was thinking it was better for me to translation: i was thinking it was better for me to go translation: i was thinking it was better for me to go back translation: i was thinking it was better for me to go back to - translation: i was thinking it was better for me to go back to russia, ....
Right? we don t know, and to be fed to richard hughes, he right? we don t know, and to be fed to richard hughes, he was - right? we don t know, and to be fed to richard hughes, he was very - right? we don t know, and to be fed | to richard hughes, he was very clear that forecasting i5 to richard hughes, he was very clear that forecasting is a very difficult exercise. i m not going to criticise forecasters, i wrote a book called michael portillo: of the future of the right to, but we are dealing with the aftershocks of two significant events, so both the war in ukraine, the first time we have had war on this scale in the continent of europe since the second world war, and the covid pandemic, the biggest global health pandemic since the end of the first world war. they have had a huge effect on our economy and on others. but every country has our economy and on others. but every country has had our economy and on others. but every country has had that, our economy and on others. ....
Growth. we have lost around 500,000 people from the labour force, seen 5tagnant people from the labour force, seen stagna nt investment people from the labour force, seen 5tagnant investment since 2016, and also our productivity has slowed dramatically since the financial crisis and not really recovered. hagar crisis and not really recovered. how much stronger crisis and not really recovered. how much stronger with crisis and not really recovered. how much stronger with the economy be if we had stayed in the eu? it much stronger with the economy be if we had stayed in the eu? we had stayed in the eu? it reduces overall output we had stayed in the eu? it reduces overall output by we had stayed in the eu? it reduces overall output by about we had stayed in the eu? it reduces overall output by about 496 - we had stayed in the eu? it reduces. overall output by about 496 compared overall output by about 4% compared to having stayed in the eu. hour to having stayed in the eu. how w ....
So, i think. but by how much? the bank and the so, i think. but by how much? the bank and the government - so, i think. but by how much? the| bank and the government suggests down to 3%. bank and the government suggests down to 396- down to 396. that is not out of the cuestion. down to 396. that is not out of the question- into down to 396. that is not out of the question. into the down to 396. that is not out of the question. into the second - down to 396. that is not out of the question. into the second half- down to 396. that is not out of the question. into the second half of. question. into the second half of the, we will see things be a little bit better for the average household after a horrible income squeeze over the last 18 months or so. fine after a horrible income squeeze over the last 18 months or so. the last 18 months or so. one of the thins the last 18 months or so. one of the things about the last 18 months or so. one of the things about this the last 18 m ....
The end of the century. that seems hard to imagine, what would that feel like? so hard to imagine, what would that feel like? ., ., , feel like? so that would be the level of debt feel like? so that would be the level of debt that feel like? so that would be the level of debt that we feel like? so that would be the level of debt that we had - feel like? so that would be the i level of debt that we had basically at the end of the second world war, at the end of the second world war, a catacly5m of that stage and consequences for the economy and government finances of that sort of magnitude. a lot of our economic model would cease to work, a lot of our infrastructure would end up being underwater or unusable, we would have housing which would be close to flood plains which would be under water, so the damage to the academy comes from the fact that the infrastructure you have got ceases to be usable because it is too close to be usable because it is too close to the water level or g ....