Thread by @faisalislam

NEW on #BBCNews10 sources in industry and Westminster expecting re Autumn Statement

- Energy Price Guarantee continues in a form for all households.
- bills for a typical household, from £2,500 a year now to just over £3,000. Without wd have been £4k
- big extra windfall tax

Opposition response today also very important as I said here - my hunch is that Labour will back the OBR numbers to get debt falling after 5 years as it’s manifesto baseline - ie a 2% consolidation. Echoes of 1997, Ken Clarke’s v tight spending:

https://twitter.com/BBCr4today/status/1593174169541562369

Doesn’t mean Labour will back causes or cure, but could be some controversy it identifies the same basic repair job logic… from this baseline further spending would have to be funded could help with credibility in markets of todays plans, that broad path kept whoever wins GE

Obviously Ken Clarke subsequently said that he never would have kept to the spending restraint that Brown did keep to, which led to the controversial expansion of PFI etc… anyway this is why I argue that today sets the tram lines for next 5 years of politics

*** Labour likely to accept OBR numbers and 5 year timetable to reduce national debt/ GDP as baseline for manifesto

bbc.co.uk/news/live/uk-6…

Chancellor Hunt promises a “shallower downturn, lower energy bills, higher long term growth” as a result of the plan…