Butwehaven't quiteacceptedinourheartofheartsthatalthoughwe'vebecome a bigstateconservativepartythatwe'venot, wehaven't haven't givenuponbeing a lowtaxconservativeparty, andthatisbasicallytheunderlyingtension.
Thechanceofusnothavingthebrandnewsetoffiscalthathavejustbeenputthrough a manifestoelectionlastingeventhelengthofthisyear, I thinkhasnowgoneupquitesignificantly, butthatwillbequitedamagingtothegovernment's economiccredibility.
Itmightuse a bitofsmokeandmirrorsinordertodoitshalllaywithanindependentfiscalcouncilintheformoftheOfficeforbudgetResponsibility.
Thatismoredifficultthanitwasinthepast.
But I thinktolose a chancellorandthenjusttothrowoutsomeruleswhichwereinyourmanifestodollarsraisedquiteseriousquestionsaboutwhetheryou'reinterestedinhaving a credibleeconomicpolicy.
Onesuggestionwasthattheynumber 10.
DominicCummings.
I didn't wanttoraisesometaxes.
Now, asistraditionalstraightafteranelection, ifyou'vegotthemajoritytodoit, Andi, itmightbethatMaybethat's whatwesee a bitmoreoff.
Tosaythatrevenueraiserswillbeparticularlyheavyonthetopwillallowthemtodeliver a levelingupagendaon a chancellorwhowasattachedtothetraditionallyto a lowtaxagenda.
Compareandcontrastthe 20 or 1,000,000,000 GeorgeOsborneraisedfromincreasingtheVATrate 20% withthemeasuretoputtaxesonpasties, whichprobablyraised a few 100 milliononthe.
Andthat's importantonDDE.
It's certainlythecasewhenitcomestocomplicatedpoliciesthat a chancellorreallyneedtohavegottheirheadroundit.
Theyneedtobein a positiontomaketheintellectualcase, whichiswhyyouknow, thegreattaxreformingchance.
Others, likeNigelLawson, we'remaking a casefortaxreformyears.
I fromthemeasurestheytook.
EvenGoldenBrownwouldhaveused a longprocesstobegintocreate a consensusinfavoroff a highertaxtome.
And I maybebeingverynaiveheretheideathatsuddenlythey'regonnaintroducethebiggestreformtopensionsinmylifetimeedgeofthinairSeemstome a roommateonesimplyyouknow, socalledmentiontaxes, a CZTorstenwillnoraise a wholelotofdifficultandinterestingissues.
Andi.
So I justwouldbeItwouldbequitesurprisedif I knowthesethingshavebeenbrief, but I kindofassumedtheirbriefdifferently.
Wewillendupseeingsomeconsultationsandthen I'llcomebackintheautumn, announcethebigstuff, whichisininonesense, it's a formofactuallyhaving a laterbudget.
Butyouneedsomebodywhoactuallyisgonnaworryaboutthepublicfinancesandin a sense, representthetaxpayerbecausethisisalsoaboutthevalueformoney, whichyougetfromyourtaxpound.
Asfaras I canmakeoutonlongtermcareismadelotsofcommitmentsonspendingon, butsomepointsomebodyisgonnahavetoprioritize.
Butifyou'vegot a neuteredtreasuryandthatmayhavebeentheintent, itcertainlylookslikeit.
And a chancellorwhocametoofficeonthoseterms, someofthebuildingblocksoftherefromthestarttalking, youcan't youcan't goingtowardsthenextlittleit, likethisisitisnotfollowinganotherchanceoftheno, it's easy.
I thinksomeofthereactiontodayisthechancehasbeensacked.
ThisisJohnsontaking a treasure.
I think, actually, thiscouldactuallyreboundintheend.
Butifthechancellor, youknow, has a clearstrategyassertsitispersuasive, couldactuallygodownwellinthecountry.
Thingscouldeasilychangethat.
I don't I don't thinkJohnsonreallyisthatinterestedinrunningtheTreasury.
I mean, he's interestedinannouncingspendingcommitmentswhichmakehimpopular, andyouthinkhe's justbeing a goodphotoopportunitydownthispartofitbyhischiefadvisor.
Theydon't changebecauseyoujustwantthemtotheabilitywithin a governmentofdifferentpeoplesittingindifferentdepartments, tohavetomakecollectivedecisiontogether.
It's a pointwhenwhentheindispensableBecauseTimothy, olderpeoplewhohavebriefedthemselvesasgeniusesoneverybodywritesarticlesabouthowthey'redeterminingeverysinglelookingcrannyofgovernmentstrategy.
Could I justsaytoyouaboutthecentralmissionofthisgovernment?
Isthey'vearticulatedit, Levelingupthatphraseifyou'd havetheIfyouwereinthetreasuryastheyhadcomebackintotheofficewiththeirmajorityinDecember, havingheardwhattheyhadsay, havinglookedatthemanifestintherestofyouhavehadmuchof a cluewhatlevelingupwasreallyabout.
DoyouthinktheyreallyNo, whatit's about, I think I thinkthey'regonnaperfectlyreasonableobjective, verysimilar, actuallytotheobjectiveofnewlayburiedintheearly 2000 a sensethatLondonandtheSoutheasthasgrownrapidlythattheywanttoensurethisdivergenceinGreif, inlivingstandardsbetweenregionsisreduced.
ItitIt's a sensibleobjective.
Ifyouwanttopromotesocialcohesion, it's a sortofobjectiveyoushouldbepushingfor.
Youcandomakelongtermchanges, allofwhich a verytechnicalandboring, butrequireincrediblefocusandattentionondhe, youknow, a deliveryunitandtheprimeministersittinground a tableandfocusingoneverylastdetail.
Whetherornotyouthinkit's a goodthingornotiskindofslightly, youknow, bytheBible, doesn't knowwhatitactuallyachieves.
Buttherearethingsthatweknowwouldmake a difference, likeinterested t transportwithinsmallerurbanregions.
We'veseen a busannouncementthat's vaguelyinthatdirection.
Althoughrelativelysmallinscale, weknowthatskillswouldmake a difference.
Weknowthatanoverhaul, whichtheyareplanning, butwe'llneedthekindofoperationaldeliveryfocusNickistalkingabouton T levelsandsortingoutourfriendshipsystem.
Thatis a perfectlygoodmissionforthecountry, andactually, thegapsonlivingstandardsinBritainhaveactuallyofanythingprobablybeingclosingslightlyovertherecentyears.
Butthegapsonproductivity.
Youhavenothavingthatatyourcore.
Objectiveis a That's a goodthingfor a governmenttobedoing.
I think, asyourightlysay, mostgovernmentswiththepossibleexceptionofthe 19 eightieshavewantedtoclosethosegaps.
Butwehaven't deliveredonit, and I thinkinsomeareas I don't thinkit's truetosayeffortsweren't madeinlotsofareas.
Butifwefocusspecificallyonfurthereducation, forexample, I thinkitisfairtosaywehaven't triedholdingupinthepalacethatit's abouttimewedid.
But I agreewithyou, and I thinkactuallyfullofprogresshasbeenmade.
IfyoulookatthegreatNortherncities, theyarein a farbetterstateandfarmoredynamicthatthechallengeisthenortherntowns, theplaceswhicharen't incityreading.
Theycomeintwodifferentcategoriesrose.
TheroomBarnsleybackboneisfarmoredifficultifyoudon't have a universitytodriveinnovationandtoattract a broaderrangeofpeopleintothearea, includingentrepreneurs.
Aresomeofthemactuallyunreachable, sotospeak?
No, theycan't turnsomethingPlaces.
I think I don't thinkyoucancuttheseplacesoff.
Youshouldn't bedefeatistonDDEandhavebeen a hugenumberofexperimentsovertheyears, somemoresuccessfulthanothers.
So I thinkif I wasthere, I wouldbewantingtoreallytryandproducethebestevidenceofwhat?
Youknowwhat I mean?
Justbecausetherehavebeen a lotofexperimentsovertime, timewhengovernmentshavelotsofmoney, theytendtospreaditaround.
No, uh, take a lotoftheresourcewhichisavailableandwhatworriesmeisifyou'reifyou'rereallyseriousaboutprioritizingit, I probablywouldn't havewantedtoputallmyeggsinthere, too.
Historically, a llthetimetheirrelativedeclineisbroadlyopposed.
2010 featureand I wouldbeworriedif I wasinthoseseats.
Lookingatsloweremploymentgrowthsincethefinancialcrisis, a slightlybiggerpace.
Greecesincethenhousepricesgrowingathalftherateintheseseatsascomparedtotherestofthecountryonthemostimportantthing I thinktotakeawayfromtheresearchworkisthatisthestorythatisyoungpeopleareleavingtheseseatsaremovingtoLondonistheoppositeofthetruth.
Thatwassomething, youknow, youcouldYoucouldkickwithNormanofbeingthereforyears, doneseveraljobs, but I thinkthey'lljustbe a degreeofuncertaintyaboutthefuture.
But I think, butalsoaboutintentaboutcontainedbutwith 10 upto.