Enough times. Weve heard them enough times, they werent true then and they arent true now. The majority of economists have always agreed that there was another approach the government could have taken, rather than austerity, and we always argued, and we were right, that austerity was a political choice, not an economic necessity. As recently as march, the Party Opposite ploughed on, saying there was no alternative. To look at them how was no alternative. To look at them now suddenly proclaiming an end to austerity after 125,000 excess deaths as a result, after 100 billion taken out of the economy, after the worst decade for wage growth since the 19th century, just because there may be what . An election round the corner. And after all that, after all that, to deliver what is a pathetic sum to spending departments who are on their knees at the moment. Itsjust adding insult to injury. A government not just callous and uncaring, but hypocritical as well. This isnt a government, its a racket. Theyre pretending to end austerity when they do nothing of the sort. Theyre pretending to plan ahead whilst they plot a no deal brexit that will devastate parts of our economy. A chancellor and a Prime Minister, is my right honourable friend said yesterday, no mandate, no morals and no majority. Theyre trying to distract us from crumbling Public Services and stagnating wages. And they have created after a decade in charge, its almost they forget theyve been in government for nine years they seek to fool the British Public with fantasy promises of a brexit deal they knew they couldnt deliver, and they werent even trying to negotiate. A short lived government that will go down in history for its unique combination of right wing extremism and bumbling incompetence. A government that betrays the people it is meant to serve. I tell you, betrays the people it is meant to serve. Itell you, a betrays the people it is meant to serve. I tell you, a government that will never be forgiven but will soon be forgotten. Yes, the shadow chancellor has just sat down after giving his response to the chancellor, sajid javid, in his first major fiscal statement. Following Prime Ministers questions. Sajid javid outlining Spending Priorities and commitments for the next year. There will be a much more full Spending Review next year, depending of course what happens over the coming days and months. He did announce what we widely expected, because it has been briefed in the press, £1. 1 billion to councils in the next year, which they can spend on social care. £45 billion increase in funding for schools in england by 2022 2023, and a 2000 Additional Police officers by march next year. There were many other announcements which we can look at. We have the book here, but let me introduce our guest, laura kuenssberg, our Political Editor is back, faisal islam, the bbcs economics editor, pauljohnson from the institute for fiscal studies, and rishi sunak, chief secretary to the side of treasury who was sitting beside sajid javid. The standout for you . It was the sort of rhetoric, the wrapper in which this was put. Turning a page on austerity was to quote the chancellor wanted to get out there, and also that sort of, the rabbit in the hat at the end, which is amazing in a way, him saying no departments will be cut at all. Because if you remember in previous Spending Reviews, when you protected big departments necessarily some of the smaller departments had really quite sharp cuts. None of that, he doesnt want any headlines for people to say there is a cut in any department, and that almost seems to be the aim. And if you look back at the central number around which one canjudge and if you look back at the central number around which one can judge a Spending Review past three, the day to day spending has been negative, 2015, 2010 as well, this one is plus 496, 2015, 2010 as well, this one is plus 4 , which is the highest figure since 2004, so after 15 years, which will help them, and this is all interacting with politics and i suspect an attempt for those labours leaning seats where they suffered in 2016 in terms of austerity fatigue. Is austerity over . I think on any reasonable definition, yes. Spending is rising, it is not going down in any department, but i think there is any department, but i think there is a couple of important caveats to that. Spending in most of these areas will still be a lot less in what it was in 2010 so this is a change in direction, this is not putting back all the money, and thats not surprising because they have been some very big cuts in local government, injustice and so on, doing all that in one go would be foolish, actually, as well as extremely difficult. I think the second thing is that austerity is over at the moment on the sorts of fiscal rules we have got and given the economic forecasts, we of course live in a time of extreme economic uncertainty. I think the big live in a time of extreme economic uncertainty. Ithink the big risk with saying austerity is over is if the economy starts to do significantly worse, which it might if we have a no deal brexit, then the deficit and debt will start rising, and we are in danger of having to have another dose of austerity to get that over with for austerity to get that over with for a second time injust over a decade. Right, so more austerity to look forward to, then, richey, depending on what habits were brexit but no deal is still very much the policy of this government if no deal can be agreed . Rishi. Of this government if no deal can be agreed . Rishi. We have announced the largest increase in day to day spending in15 years, the largest increase in day to day spending in 15 years, a very significant increase, no department seeing any cuts in real terms and it is focused on peoples priorities, schools as the Prime Minister has talked about, keeping people safe and the nhs of course. To be able to put this in place and this time within the fiscal rules, we talk about what happens down the line, this was delivered, this increase in spending, within the fiscal framework that exist today so it is responsible and i think sustainable. But who made all the cuts to Public Services that you now feel need the funding Just Announced a new state authority is over . And usa austerity is over . There have been cuts to police, schools, local council, were they a mistake, those cuts . You talk about 2010, we were borrowing £150 million, £1 in every four was being borrowed. Were those cuts a mistake . Of course we needed to make difficult decisions, when we faced a deficit of 10 gdp. The country was on the verge of bankruptcy. You carried that austerity on for a number of years. To get the fiscal position in a numberof to get the fiscal position in a number of years. Now having that ha rd number of years. Now having that hard work being done it is the right time to invest in Public Services and things like schools, nhs and the police as i said, and we can do that responsibly within todays fiscal framework. That is what we should focus on. Paul . Ithink framework. That is what we should focus on. Paul . I think there is a question about whether it is really and todays fiscal framework because this is all based on the 0brs hmmfi this is all based on the 0brs forecast back in march. And even without a no deal brexit, the economy has been doing actually a little bit worse than expected back then. 0ne little bit worse than expected back then. One of the risks for the government is, assuming we carry on with this parliament and we get a budget in a couple of months, it is possible the 0br at that point will say hey, look, weve changed our forecasts, which we probably would have done back in september if youd let out, and maybe youre not quite meeting that fiscal target. Do you accept that . Those figures are now many months ago and they were also premised on the idea that you would getan premised on the idea that you would get an orderly transition. Those are the forecasts we have come of the most up to date ones we have. The forecasts we have come of the most uptodate ones we have. Based on an orderly transition. What the chancellor has said very clearly in his statement when we get to the budget he will look at a new set of forecasts that will be provided as pa rt of forecasts that will be provided as part of that process, and he said he will re examine the fiscal framework as well to make sure it is appropriate for todays time full stop we had fiscal rules that were appropriate for the last few years and isa appropriate for the last few years and is a new chancellor, a new government, which should absolutely examine whether we want to invest more in infrastructure to take advantage of low Interest Rates as many people are urging us to do. That is something we can examine at that point as well. Did you come into politics as a fiscal conservative to borrow more . Into politics as a fiscal conservative to borrow more . |j into politics as a fiscal conservative to borrow more . I came into politics to make sure public spinning was responsible and sustainable and i believe we have announced that today because we have delivered it inside those fiscal rules and it is because of those difficult decisions that have been made over the past several years that we are in a position now to invest in peoples priorities, like schools, the nhs and keeping people safe. Any one would imagine this might be time for people preparing a ma nifesto. Might be time for people preparing a manifesto. Sitting here listening to this. Lots of lovely expensive things we want to spend cash on in a time of huge volatility but we would like to promise it and i think our viewers have been treated to what we are likely to hear in the next few weeks, more money for hospitals, police and the schools. The truth is that this in a time of enormous volatility, this Spending Review is not like the normal kind of enormous, huge, telephone book like review from a government saying here are the more predictable than currently plans for what we will seriously do in the next two, three, four years. And ijust won the chief secretary if you will come clean with our viewers and accept that any of the sums in this book will add up in future . It is my job to make sure the sums add up. Today, but in future . The reason the document is thinner than usual, it is a one year fa st thinner than usual, it is a one year fast track Spending Review, im not making any bones about that, it was done at pace and for one year rather thana done at pace and for one year rather than a typical multi year process because we wanted to give departments that certainty. We talk about local government, it is important for local government to have that certainty early so we can plan. We wanted to do that so we can get money into the peoples priorities, clear the decks, focus on renegotiating our deal and deliver brexit by the end of october. But you must accept that at a time like this when the biggest determinant, or one of the biggest of where this will end up, is what happens with our relationship with the European Union . While that is still unresolved, our viewers cannot ta ke still unresolved, our viewers cannot take or put much faith in the numbers you are putting out today. Thats true, isnt it . What we have set out today in our priorities for what people want to focus on, and thatis what people want to focus on, and that is why the debate that will happen later in parliament is so important. If parliament wants to pass this bill which ultimately gives control of the process to europe, undercuts our negotiations, just means yet more delay and the other as a priority as a Prime Minister to other as a priority as a Prime Ministerto our other as a priority as a Prime Minister to our brexit negotiations, we cannot get on and focus on the priorities they want us to. Our attempt today is to set out very clearly where we think the money should be going. It is keeping people safe, the nhs and schools. People want brexit done, they dont wa nt people want brexit done, they dont want it hanging over us for months and months, trapped in this purgatory that only the eu can release it from. They want is to be talking about this document. There is the manifesto you are borrowing to spend here billions more. You will announce a load of hopeful tax cuts, stamp duty, fuel duty, you wont announce them yet but im sure that might feature. Have you found the magic money tree . Rape it is because of these decisions we have made over the past several years, borrowing last year was at an almost 20 year low. We have the capacity within the framework that is there but we can invest this money and is still being done in a prudent way as we have just been discussing and thatis we have just been discussing and that is important. A shrub may be rather than a tree . People need to have confidence, but what i would say, faisal, it is notjust about the fiscal situation, it goes to much more than that, your relationship with the free enterprise, with business, whether you think the union should be running the country or whether it should be private enterprise. Whether you want to nationalise hundreds of billions of pounds worth of productive industry. There is a white set of things people look at when they care about your management of the economy. Rishi, do you accept the fiscal headroom you are talking about will be wiped out in the event of no deal, as the office for budget responsibility has set up . May it is not appropriate for me to speculate ona not appropriate for me to speculate on a set of forecasts they have not yet put. May it was in the risk report injuly. Yet put. May it was in the risk report in july. We yet put. May it was in the risk report injuly. We are working within the four because they have set out in march. Faisal said there was a report set out injuly, do you accept that headroom will disappear . I accept if we are looking at a different set of forecasts at the time of the budget, of course we will have the economic response appropriate for that and we will adjust our plans accordingly. But shouldnt mps have a chance to have a set of these forecast to be able tojudge . A set of these forecast to be able to judge . Making big a set of these forecast to be able tojudge . Making Big Decisions are no deal. Someone is working out what the fiscal impact of no deal will be. How can you not release that information to mps . It is not at all typical when you have a spending round separated from the budget, as we have had twice in the last several years, and paul can confirm, i think several years, and paul can confirm, ithink in several years, and paul can confirm, i think in 2010 and 2013, and there we re i think in 2010 and 2013, and there were not forecasts published at that time when you have stand alone Spending Reviews. We have a statutory obligation i think hmmfi statutory obligation i think forecast twice a year, typically at fiscal events like a budget, that is what is customary and what will happen. For stand alone Spending Reviews, that is not typical. We are going to let you go injust a reviews, that is not typical. We are going to let you go in just a few moments, but actually at this point following sajid javids statement, we are going to say goodbye to our viewers on the news channel. Obviously sticking with politics lie. But we are going to stay with politics with politics live. After voting last night to take control of parliament. Borisjohnson who now leads a minority government says he will sneak seek a snap general election on october 15 if mps asking to delay brexit be on october 31. But labour and lib dems say they will block an election until the threat of a no deal is removed. After his bruising day yesterday, borisjohnson hasjust held his first Prime Ministers questions. Chancellor sajid javid has presented his first Spending Plans. This afternoon, at 3pm mps will start debating a bill to prevent leaving the eu without a deal. am and theyre due to begin voting on that at 5pm. With the latest on another huge day in the wold of british politics, heres our Political Correspondent, iain watson. The morning after the night before at westminster. Borisjohnson suffered an early defeat when an alliance of Opposition Mps and conservative rebels seized control of pa rliaments business away from his government and they will use this today to try to push through a new law to rule out leaving the eu without a deal. Is brexit out of your hands, minister . First thing this morning the cabinet met to discuss tactics. They believe if mps insist on a series of boats denied to delay brexit beyond october the 31st, there should be a general election. Order. Questions to the Prime Minister. And today borisjohnson faced his very first Prime Ministers questions since hebecame conservative leader. We got a flavour of how any Election Campaign would be fought. He characterised attempt to delay brexit as this. What his surrender bill would do if it would wreck any is it would wreck any chance of the talks, and we dont know what his strategy is at all. Jeremy corbyn said he wasnt wrecking the government brexit talks with brussels because there werent any meaningful talks to iraq. With brussels because there werent any meaningful talks to wreck. Mr speaker, i really fail to see how i can be accused of undermining negotiations because no negotiations are taking place. Hes been Prime Minister for six weeks and he promised to get brexit sorted. In six weeks, hes presented nothing to change the previous Prime Ministers deal, which he twice voted against. It takes two thirds of mps to agree to an election and labour say they wont do this until Boris Johnson rules out a no deal brexit. That prompted this response. Mr speaker, i know hes worried about free trade deals with america, but theres only one chlorinated chicken that i can see