Jeremy Hunt is considering a last minute further cut to public spending to boost the tax giveaway in Wednesday’s budget.
The Politics At Jack And Sam’s podcast, out now, set out how Number 10 and 11 have spent recent days finding as many different ways of raising future revenue as possible to increase the size of Wednesday’s tax cuts.
National insurance could be cut by 2p again in the budget if the chancellor succeeds in finding the right mix of revenue raising measures and spending cuts.
Currently spending is due to rise 1% above inflation after next year. However, if this was cut to 0.75% above inflation, that would raise £5-6bn.
The chancellor would hope to resist questions about where he would cut, saying he is doing an efficiency drive and decisions would be outlined at a future spending review post election.
The decision on whether to cut future spending was live in the Treasury as recently as Friday, and this morning the chancellor was arguing about the importance of finding efficiencies.
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0:43
What do people want in the budget?
This is likely to boost Labour’s charge that the government is “maxing out the credit card” to keep its own supporters on side.
However, most Tories in government believe this is a necessary trade-off to allow the party to go into the next election presenting themselves as the low-tax party.
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Some senior Tories disagree, however, worrying that the public is more worried about the state of public services than tax cuts.
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0:57
Budget 2024 explained
The budget is likely to have cuts or the abolition of non-dom status, which could raise £2-3bn, plus other small loopholes closing generating a few hundred million in revenue.
The Politics At Jack And Sam’s Podcast also reveals how delaying Contaminated Blood compensation payouts has helped deliver tax cuts.
In January, the Treasury was worried those payments might reduce the amount the chancellor could spend before he reached the borrowing limits from his fiscal rules.
However, the inquiry will not report until later and the government is resisting calls for interim payouts.
Hydra market founder Stanislav Moiseev and 15 of his accomplices were jailed for between 8 and 23 years for their involvement in the darknet market and crypto mixer.
Richard Tice has been challenged for appearing to cast doubt on court documents that detailed how one of the party’s MPs was jailed for repeatedly kicking his girlfriend.
The Reform UK deputy leader defended James McMurdock, who was jailed 18 years ago for repeatedly kicking his girlfriend, saying the UK is a “Christian nation” that believes in “redemption”.
Speaking to the Politics Hub with Sophy Ridge, Mr Tice said he did not believe Mr McMurdock, the party’s MP for South Basildon and East Thurrock, should be “doomed as a sinner forever”.
He spent 21 days in a young offenders’ institution after admitting to the attack.
Before he was elected as an MP, the investment banker had not publicly disclosed the conviction and when it emerged in July he had been jailed for attacking his girlfriend when he was 19 years old, he downplayed the incident as a “teenage indiscretion”.
But further details of what happened during the incident emerged after The Times applied to the court for information from the official record, which showed he received the custodial sentence for “kicking” the victim “around four times”.
Mr Tice said his colleague was an example of someone who “had a bad issue at a very young age but has gone full circle”.
He said the UK was a “great Christian nation” and added: “Are you seriously saying that if someone makes a bad mistake in life, aged 19, that there’s no redemption they are doomed as a sinner forever? No.”
He went on: “The whole point of Christianity is a sense of if you’ve done something wrong, you pay your price. And at the end of that sentence, whatever it is, then, in a sense you’ve done your bit, you served your punishment, whatever it is.
“Isn’t it remarkable that an individual had I, you know, had a bad issue at a very young age but has gone full circle.
“Doesn’t it show, actually, to other young people that bad stuff can happen – you can make bad judgements, you can get things badly wrong. But many years later, actually you can you can do really well.
“He had a great job and end up as a member of parliament. I think that’s a good thing.”
MPs do not have to disclose previous convictions to the public when standing, with only people in prison at the time of the election for a sentence of more than a year barred.
McMurdock’s victim’s mother brought the incident to light a week after his election, saying he “left marks on her body” and “it took two security guards to pull him off her”.
When the allegations were revealed, McMurdock said the pair had argued and he had pushed her.
Challenged on whether there had been a “major discrepancy” between Mr McMurdock’s version of events and what had been reported, Mr Tice replied that his “understanding” of the incident was “different” to what The Times said had happened.
Pressed on what he believed happened, Mr Tice replied: “It actually doesn’t matter.”
“I’m trusting James,” he said.
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‘He wasn’t vetted’, says Farage of MP
“He’s bang on the money and I think that what he says is right. He was there. The court wasn’t there. The Times weren’t there.
“The law is the law. The law ruled that he had transgressed and he was punished. He served his punishment.”
When the allegations emerged, Mr McMurdock told Sky News the incident was “the biggest regret of my life”.
He said: “While I absolutely deny the horrific details in this tale, there is one truth in it that I cannot, nor will not deny or hide from.
“A generous person might call it a teenage indiscretion but I do not expect everyone to be so kind.
“Nearly 20 years ago, at 19 years of age, at the end of a night out together, we argued and I pushed her. She fell over and she was hurt. Despite being 38 now and having lived a whole life again I still feel deeply ashamed and apologetic.
“Despite us both being very drunk, I handed myself into the police immediately and admitted my fault. I was charged for what I did, not for what has been claimed, and I faced the consequences then and paid for my action in full.
“This is the biggest regret of my life and I wish I could go back in time and fix things.”