Spring Statement

And as soon as it gets to the point where it can't do that, and it goes over that threshold, it fails its fiscal rules.

So when the previous Spring Statement was in March time, when Rachel Reeves was still Chancellor, the amount of headroom that she left over that time was just under twenty-four billion pounds.

So that has been eroded on the Resolution Foundation's calculations down to five billion pounds.

Wow.

So at, I think maybe isolating it to once a year is good in terms of consumer confidence.

Well, there was a point where the Spring Statement ended up as a sort of second budget.

So for you had a sort of two-headed budget.

I want to call it a Hydra budget.