NEW just interviewed the Chancellor Rishi Sunak about GDP, living standards, Article 16, Geoffrey Cox and whether taxpayers’ funding was used to guarantee loyalty of MPs in votes…
1. OBR and Bank of England forecasts show decline in living standards over next two years?
“what you're seeing is an economy that is continuing to grow. And that is a good thing. We're on the right path. But of course there are global challenges ahead…”
“what you're seeing is an economy that is continuing to grow. And that is a good thing. We're on the right path. But of course there are global challenges ahead…”
2. Net result of all of your measures BoE/OBR see two years of declining living standards after inflation and tax?
Chancellor: “what it doesn't include is the spending on public services and that does bring value to people's lives… We need to make sure that it's well spent …”
Chancellor: “what it doesn't include is the spending on public services and that does bring value to people's lives… We need to make sure that it's well spent …”
Where is what you called “PM’s new economy” of high wages/productivity anywhere in OBR/ BoE forecasts?
“..Budget set out the most ambitious plans of any government for a long time to do exactly that…wages, wages in real terms are higher today than they were before the pandemic”
“..Budget set out the most ambitious plans of any government for a long time to do exactly that…wages, wages in real terms are higher today than they were before the pandemic”
4. NEW: In the middle of a cost of living crisis why would you get involved in some sort of trade war with
our biggest trading partner?
Chancellor: “Article 16 is there as a safety mechanism, but as Lord Frost said yesterday, very clearly we are not at that point….”
our biggest trading partner?
Chancellor: “Article 16 is there as a safety mechanism, but as Lord Frost said yesterday, very clearly we are not at that point….”
Sunak: “And what we should be doing and what we are doing is working constructively with European friends and partners to explore every opportunity that we have to try and resolve some of our differences around the operation of their protocol. That's very much our priority”
5. Do you not have to prepare the ground for exporters that are already facing new trade barriers - should they prepare for the possibility tariffs might be applied?
“We're not at the point yet of article 16 which is there as a safety mechanism …”
“We're not at the point yet of article 16 which is there as a safety mechanism …”
6. can you justify what your former Cabinet colleague, former Attorney Gen has done?
Sunak: Rules must be “followed to the letter” but “reflecting on all of these things, over recent days, what I can say is that for us as a Government, we need to to better than we did last week”
Sunak: Rules must be “followed to the letter” but “reflecting on all of these things, over recent days, what I can say is that for us as a Government, we need to to better than we did last week”
the notion public money may have been used not to get to neediest people, but in order to buy the loyalty of MPs - you as Chancellor must be v worried about that?
RS: “parliamentary processes look at all these things of course, people should be held to account for their actions”
RS: “parliamentary processes look at all these things of course, people should be held to account for their actions”
Interesting given Sunak answer on Article 16…
https://twitter.com/davidghfrost/status/1458853230713229315?s=21
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