Tomorrow is the autumn statement. It is the first economic intervention by the new chancellor since Britain’s decision to leave the European Union. But this is not the statement of a new government. This is the sixth year of this Tory government. What is unclear is if it is George Osborne’s apprentice or outrider that will be delivering the statement in the House of Commons at 12.30pm. There is little now that Philip Hammond can blame on the last Labour government. What he inherits is from Osborne, not Gordon Brown or Alistair Darling.
The sad reality is Britain goes into Brexit in a less than perfect state. The shock still to come to the economy means the fiscal framework will not be met pre, during nor post Article 50 being concluded. Britain’s ability to weather the storm to come is not what it should be. It might not all be of the Tories making, but they have hardly left us in the best place to go it alone. (more…)
There will be no pie-in-the-sky promises under the next Labour government, Ed Miliband tells Richard Angell and Adam Harrison
Entering the leader of the opposition’s now-bare office, his team are quick to point out how the operation has decamped to Brewers Green, the campaign nerve centre. In what is one of Ed Miliband’s last meetings in the Norman Shaw South office we ask him to cast his mind forward. What will Britain after five years of a Labour government look like? ‘The country will be run according to a different idea,’ he explains. ‘I think the Tories really do believe that as long as you take care of those at the top, the wealth will just trickle down to everybody else. That has not worked.’ So Labour, in contrast, believes ‘when working people succeed, that Britain succeeds’. ‘At the end of five years of this government, people think the country is more divided, more unequal, more unjust. And I hope that by the end of five years of my government, people will think, “Actually the country is more fair, more just, more equal and better serves my interests”.’ (more…)