In answer to accusations of austerity CX says: Day-to-day spending reduced by £6.1bn by 2029-30. & will now grow by an av of 1.2%/yr above inflation…against 1.3% in autumn. "Day-to-day spending will increase in real terms, above inflation, in every single year of forecast. And in the Spending Review Period, apart from the reduction in ODA…day-to-day spending across government has been fully protected" > we get the details of the spending cuts in June at Spend Review
Shame on @bbcnickrobinson and #r4today for hanging on the word of bottom feeder Rupert Soames and his evidence-free proclamations. Both CBI and Serco have such damaged reputations yet treated like Moses. Awful.
@elonmusk Been waiting for a tweet like this. Some takes will see this as reactionary, and that Farage now has a problem. That would be to misunderstand what is a deliberate attempt to replicate the US model here. Who is sneering at @carolecadwalla now?
Though they sink through the sea they shall rise again; Though lovers be lost love shall not;
We were honoured to welcome For Your Tomorrow – The People's Tribute by Dan Barton to Stowe Gardens this autumn for the D-Day 80 memorial exhibition.
📷Hugh Mothersole
The 1,475 silhouettes represent fatalities under British command on June 6th, 1944.
They include two nurses, Sister Mollie Evershed and Sister Dorothy Field, who died while helping to save 75 men from the hospital ship SS Amsterdam.
#LestWeForget
📷 Polly Stock
@Peston Robert why not mention that Hunt was clearly setting that as a trap? But no, mention 'markets could react' instead. Can't under analyse the politics of fiscal rules. As you know.
Don't get angry often but the water companies' PR man is an insufferable prick. Water companies have been creaming dividends and ruining our rivers. #r4today
Half-term is here, the perfect time to catch autumn at a National Trust property.
But the big question is do you hit the café at the start or the end of your visit?
The Chancellor of the Exchequer has just told my colleague Joel that if - as expected - she increases what employers pay to the government in national insurance that would be consistent with the Labour Party's manifesto promise not to "increase national insurance".
Rachel Reeves's argument is that the party meant only the national insurance paid directly by employees, not the national insurance that employers are obliged to pay on behalf of their staff.
She implies that we should all have been prepared for a possible rise in employers' NI because the manifesto qualifies its pledge not to increase this tax on income with the caveat that a Labour goverrnment "would not increase taxes on working people".
In other words, Reeves is insisting that we should all have known that increasing employers’ NI could be on its way under a Labour government because - on her definition - employers' NI is not a tax on working people.
She seems to believe that a rise in employers' NI would hurt only the owners of the business.
Reeves ignores that many employers would attempt to recoup this increased employment cost by limiting pay rises.
Alternatively if Reeves' goes her seemingly preferred route of levying NI on the pension contributions made by employers for their employees, employers are bound to respond by freezing those pension contributions, or cutting them where they are above the statutory minimum.
Any such response would hurt working people. It would have a clear and harmful impact on their future pensions, their income in retirement.
In economic terms, putting up employers' NI is unambiguously the quacking duck of an attack on working people. It only quacks slightly less loudly in politics if most voters expect all politicians to play fast and loose with the commonsense meaning of manifesto commitments.
Reeves and Starmer desperately need the many billions of pounds that would be raised from this NI rise to help fix public services. But if on 30 October they announce it, as I expect, they won't achieve their aim of restoring trust in what ministers say.