Skip to main content
On Air Now

Rachel Reeves has scraped though a difficult Budget, but she and the PM aren't out of the woods

Share

BRITAIN-POLITICS-BUDGET
BRITAIN-POLITICS-BUDGET. Picture: Getty
Natasha Clark

By Natasha Clark

Even by the standards of this government, and the last few, this Budget has been utterly chaotic on a truly unique scale.

Listen to this article

Loading audio...

The leaking of such huge chunks of policy ideas from the summer through to November, combined with the chaotic u-turn on the major income tax measure, and culminating in the OBR accidentally uploading their documents several hours early, has revealed it to be a farce from start to finish.

Treasury briefings, including to LBC, that the Chancellor had a £20-£30billion pound black hole it needed to fill, were incredibly misleading at best.

A string of politicians, commentators and experts have concurred with this assessment.

There is a huge difference between having an economic black hole to make the books balance as they stand, and to do the things that you want to do on top of that.

And the fact that the OBR felt compelled to release the timeline and state of the book-balancing in the way they did speaks to a huge breakdown of trust between the Treasury and the watchdog.

Fortunately for Richard Hughes, formerly of the OBR, he didn't have to appear at the Treasury committee this morning.

But other senior officials, including David Miles and Tom Josephs, hit out at the "unhelpful" briefings from No11 and said they wanted to "set the record straight" with the state of the finances.

I'm sure he would agree with that assessment, which is why he ultimately had to go.

This relationship between budget watchers and the Treasury bean counters is also something that extends to No10 too.

The PM appeared frustrated with too, as evident with his "bemused" remarks to a press conference on Monday, that the OBR had not downgraded productivity under the Tories, or at the start of the Labour government, but now, harming his efforts to turn things around.

While the immediate danger for the prime minister and the Chancellor may have eased thanks to the decision to lift the two-child benefit cap, the government are still in danger territory.

This budget has shown what two things are of more danger to the prime minister than the grumbling MPs and troubling polls causing him trouble so far.

Uncertainty at the heart of government, and the chaos surrounding what should be a tightly-kept fiscal event, which truly goes to the heart of what the nation wanted to boot out with the Tories last year.

Though there is no real urgency from Labour MPs to boot out the prime minister yet, the PM and Chancellor must get a grip on this feeling of a slow decline to the end before it caches up with them.