Page 19 - 0br News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Of living crisis. that's why we are going to force a vote on this in the house of commons on tuesday, and encourage conservative mps to vote for their constituents. here's the reality for households from the government's official forecaster. this graph shows post—inflation disposable income. it was already predicted to fall sharply over two years. whilst it now falls less than predicted back in november, we're still facing an historic drop in living standards. what we've thought for a long time is the economy is going to bump along the bottom, to use a phrase, at about zero for most of this ...

And encourage conservative mps to vote for their constituents. here's the reality for households from the government's official forecaster. this graph shows post—inflation disposable income. it was already predicted to fall sharply over two years. whilst it now falls less than predicted back in november, we're still facing an historic drop in living standards. what we've thought for a long time is the economy is going to bump along the bottom, to use a phrase, at about zero for most of this year. that's broadly what the 0br are saying. the important point to bear in mind as a result of that ...

Grow 1% a year, which is pathetic by historic standards. if that's what the 0br thinks as well, then there's going to be very little money to spend over the medium run because tax revenues won't be coming in if the economy's not growing. jeremy hunt is calling this a budget for growth, and without a strong economy, all the decisions a chancellor must make become more difficult. ben king, bbc news, south london. we'rejoined now by our chief political correspondent, nick eardley. nick, will the chancellor's plans on childcare go down as well as the government hopes? will this be widely welcomed ...

Working to join them. the government has been borrowing less than expected this year, by £30 billion, which could fund this and a number of other spending measures. that's expected to include extending the £2,500 cap on a typical energy bill for another three months, an extra £5 billion for defence and a freeze on fuel duty. there will likely be measures to boost business investment, perhaps some extra money to resolve public sector pay disputes. and chancellors often like to throw in a surprise or two, as well. this afternoon, we'll also get the latest set of economic forecasts from the 0b...

And that will have an effect on our disposable income. absolutely one of the things, striking things that the 0br set today was that despite the fact that inflation is falling a little bit faster, that they have interest rate expectations have come down since november disposable incomes in the uk are still set for a suit —— historic squeeze. as you rightly say, inflation coming down still not avoiding the issue that we still have a cost—of—living crisis which is why i think the chancellor had no choice but to introduce or extend measures to help support families through the cost—ofâ€...