Rachel Reeves is on Sunday Morning With Trevor Phillips, answering questions on the budget, Jeremy Hunt stealing Labour's policy and what she would have done differently in tight economic conditions. Watch the show live in the stream below.
Reacting to the interview with the shadow chancellor is Paul Johnson, the director of the Institute for Fiscal Studies, the UK's leading non-partisan economic research institute.Trevor asks if the Tories' theft of two of Labour's key revenue-raising policies - scrapping the non-dom status and expanding the oil and gas windfall tax - have left a hole in the party's budgeting plans.He says: 'No, not really.
'The amount the policies will bring in amount to 'a really small amount of money' which is 'not going to make much difference to anything'.The policies, he says, were all 'part of the politicking', saying the policies 'sound big, but are not enough to do anything'.Mr Johnson says the key challenge for the opposition is that the government spent £10bn a year on cutting national insurance by a further two percentage points.
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