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the chancellor has confirmed that the costs of the energy price cap will be funded by borrowing. leaving the eye watering windfall profits of the eye watering windfall profits of the energy giants untaxed. the oil and gas producers will be toasting the chancellor in the boardrooms as we speak while working people are left to pick up the bill. borrowing higher than it needs to be, just as interest rates rise. and yet the chancellor refuses to allow independent economic forecast to be published which will show the impact of this borrowing on our public finances, on growth and on inflation. it is a budget without figures, and menu without prices, speaker, what has the chance i got to hide? this statement is an admission of 12 years of economic failure. and now here we are, one last throw of the dice. one last claim that these ministers will be different. forall the claim that these ministers will be different. for all the chopping and changing, all the chaos and confusion, there ....
The chancellor has confirmed that the costs of the energy price cap will be funded by borrowing. leaving the eye watering windfall profits of the eye watering windfall profits of the energy giants untaxed. the oil and gas producers will be toasting the chancellor in the boardrooms as we speak while working people are left to pick up the bill. borrowing higher than it needs to be, just as interest rates rise. and yet the chancellor refuses to allow independent economic forecast to be published which will show the impact of this borrowing on our public finances, on growth and on inflation. it is a budget without figures, and menu without prices, speaker, what has the chance i got to hide? this statement is an admission of 12 years of economic failure. and now here we are, one ....
they they have held for a very long time. they are they have held for a very long time. they are consistent. you could say it they are consistent. you could say it ism they are consistent. you could say it ism it they are consistent. you could say it ism it is they are consistent. you could say it is. it is the point here. if say it is. it is the point here. if it say it is. it is the point here. if it brings say it is. it is the point here. if it brings growth, it is a great growth if it brings growth, it is a great growth gamble. they have got a couple growth gamble. they have got a couple of growth gamble. they have got a couple of years before the next general couple of years before the next general election stop they know that the time general election stop they know that the time they have this potential short, the time they have this potential short, 14 the time they have this potential short, 14 years of tory rule. they may short, 14 ....
Said that labour believes - i said when she said. when she said that labour believes in. i said that labour believes in. kwasi said that labour believes in. kwasi kwarteng has stood up again. the chancellor to respond to the shadow chancellor that brings us to the end of that fiscal event. many budget. not so many budget. you are watching a politics life special and we would like to welcome viewers watching on the bbc news channel. with me are the bbc political editor vicky young, faisal islam. we are joined by pauljohnson of the institute for fiscal studies, welcome. let sjust institute for fiscal studies, welcome. let s just start with a few of quite jaw dropping announcements that were made, some of them expected, others were not. the ones not expected certainly know where the rabbits being pulled out of the hat towards the end of the statement to abolish the top 45% rate of tax and also a cut to the basic rate of income tank from 19% to the start of ....
Budget that had. it doesn t crucially budget that had. it doesn t crucially have budget that had. it doesn t crucially have independent i budget that had. it doesn t- crucially have independent scrutiny and you crucially have independent scrutiny and you would crucially have independent scrutiny and you would want crucially have independent scrutiny and you would want independent i and you would want independent scrutiny and you would want independent scrutinv with and you would want independent scrutiny with a and you would want independent scrutiny with a sort and you would want independent scrutiny with a sort of and you would want independent scrutiny with a sort of scale. - and you would want independent| scrutiny with a sort of scale. paul johnson scrutiny with a sort of scale. paul johnson was scrutiny with a sort of scale. paul johnson was being scrutiny with a sort of scale. paul johnson was being shy scrutiny with a sort of scale. paul johnson was be ....