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Argument is the fact that whilst they are calling it a targeted fiscal event, we know one of liz truss's big ideas and plans is tax cuts, which is a pretty universal rather than targeted measure. she wants to introduce tax cuts by cutting national insurance for everyone who pays that, as well as suspending green levies on energy bills and that's why rishi sunak�*s team have hit back at her today saying it would not be without getting the latest forecast about the state of the country's finances because he argues this would be an irresponsible thing to do and you can't have these tax cuts as ...

October. secondly, they say are one 0ctober. secondly, they say are one of £250 payment should be given to 11.3 low—income households. this would cost £42 billion. the government say, hang on, we have already given billions of pounds to help people with energy bills, lowering the tapering rate on universal credit as well. but the institute pointed to the office for budget responsibility�*s analysis of those numbers that were given to us in the spring statement, the 0br is an independent body which looks at the government's finances. they say, actually, there is room there for spending. r...

The office for budget responsibility says overrall taxes will hit their "highest level since the late 1940s" in coming years. for more analysis of the numbers in the spring statement, here's our economics editor, faisal islam. even before today's actual tax and spending decisions, the fate of the economy and of the finances of millions of households was repealed by rises in prices of fuel, food and electricity than pushing inflation to a new 30 year high. the grim news from the government's economic forecaster, that this will be with us for some time. since the 1990s, inflation has generally s...

Today it hit 6.2% in the 12 months to february, but the chancellor says that is likely to hit an average 7.4% for the rest of the year. and he talked about the uk s growth forecast, which has also been revised down to 3.8%, with mr sunak blaming the conflict in ukraine. he conceded that overall, everyone should be "prepared for the economy and public finances to worsen, potentially significantly." this was backed up by the office for budget responsiblity, which provides independent economic forecasts to the government. the 0br says household disposable incomes are set for their biggest drop si...

Likely to hit an average 7.4% for the year. and he talked about the uk s growth forecast, which has been revised down to 3.8 per cent, with mr sunak blaming the conflict in ukraine. 0verrall, he conceded that everyone should be "prepared for the economy and public "finances to worsen, potentially significantly." this was backed up by the office for budget responsiblity, which provides independent economic forecasts to the government. the 0br says household disposable incomes are set for their biggest drop since records began. 0urfirst report tonight is from our political editor, laura kuenssbe...