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The moment. these are the things the chancellor has to address this week. how big is that black hole, in your view? what sort of measures do you expect him to take in terms of possible tax rises, possible spending cuts to try to feel that black hole as it were? the black hole is a function _ black hole as it were? the black hole is a function of— black hole as it were? the black hole is a function of which - hole is a function of which telescope you decide to pick up. there is a world in which there's not much a black hole at all. the black hole comes from the idea that at the end of a five ...

Kwarteng, we have a more credible approach to monetary and fiscal policy making. this government is not trying to challenge the bank of england or the 0br of the treasury, it is trying to work with it, but if we take the view that the ultimate underlying second is critical, the government could extend the time over which it wants to reduce debt as a portion of gdp and in that world it would allow it to continue to support the households that are worst off as well as support the economy in the ways that i outlined some minutes ago. on the other hand, if you want to tighten quickly in the next t...

And to italy would suggest that the uk is very much in the pack... i don't want to blind people with stats, but if you look at all sorts of different trading measures, trading with the eu and then trading with other countries, since brexit, our performance has gone down and gone down very significantly. and the 0br, the government's sort of chief sort of adjudicator on the economy, has said that they reckon that brexit has reduced uk gdp by at least 4% compared with where it would have been had we not brexited. 0k. i think this figure is always cited, but you need to put this in perspective. a...

The red line shows uk exports, and unlike other advanced economies, the uk's exports have not bounced back after covid. the 0br links this to brexit. rishi sunak is a long—time supporter brexit, as this when still chancellor, mr sunak was asked about the drop in trade. it was always inevitable that if you changed the exact nature of your trading relationship with the eu, that would have an impact on trade flows. this week, in a different way, this point was acknowledged by the man who negotiated brexit for the uk, lord frost. i have always said leaving the customs union and single market has...

As a result of brexit. it also released this data. the red line shows uk exports, and unlike other advanced economies, the uk's exports have not bounced back after covid. the 0br links this to brexit. when still chancellor, mr sunak was asked about the drop in trade. it was always inevitable that if you changed the exact nature of your trading relationship with the eu, that would have an impact on trade flows. this week, in a different way, this point was acknowledged by the man who negotiated brexit for the uk, lord frost. i have always said leaving the customs union and single market has a c...