Chancellor speaking to Andrew Marr... says there will be “investment across the board” in public services on Wednesday - suggesting some top ups to those unprotected areas set for immediate further squeezes
Marr asks Chancellor if workers should take PMs words and ask their bosses for a pay rise... he points out that real wages are higher than pre pandemic, concludes “in order to make it sustainable we must invest in skills”
“Believe me I wish I didn’t have to raise taxes” Chancellor says to Marr... also articulates the argument I wrote about last month - that the income tax rise would have to be 2p in £, whereas with NI its 1.25p for both employers and employees...
Chancellor says Cop26 going to be a success, particularly on finance side, points to 80% of world economy now covered by net zero targets versus 30% when UK became chair...
When asked a very general question about whether at the end of the Parliament he will be a “tax cutting Chancellor” Sunday replies “I’ll talk about that next week at the Budget” - which is the sound of a hare running... says his instincts are to cut taxes...
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