BBC Breakfast’s Ben Thompson cut into the show with a serious tone, dropping news that came in “the last few minutes.”
In the middle of Wednesday’s edition of the popular morning programme, Thompson was steering the ship alongside his colleague Sally Nugent, when they delivered the weeks top stories to their audience.
As meteorological maestro Carol Kirkwood wrapped up her regular weather update in the studio, an urgent interjection came from Ben, declaring: “Now 12 minutes past seven and in the last few minutes there has been an official update on the UK’s finances.”
Elaborating on the fiscal revelation, he added: “They tell us how much debt the country is in as a total.”
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Taking over, Sally revealed: “Yes the figures from the Office for National Statistics indicate how much wiggle room the new chancellor Rachel Reeves will have when she sets out spending plans in the Autumn,” reports the Express.
On the scene next was finance Guru Ben Boulos, who dived deeper into the developing story. Clarifying the financial landscape, Boulos noted: “Now this is a bit like the monthly statement you get from the bank and what it tells us is that in July the government spent 3.1 billion pounds more than it has coming in – in taxes and it has added to the total debt that accumulated over the years.”
He laid bare the stark fact: “It is the biggest it has been since the 1960s and it’s worth almost the same as the total value of all the goods and services that are made and sold in the economy.”
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“The chancellor Rachel Reeves will be setting out her first budget and spending plans and we know that some services will be protected like health and education but today’s figures show that there is going to be a bit of a squeeze on how much is available to spend on other things.”
The finance expert continued: “It’s not unusual for the government to spend more than it has coming in but self imposed tax rules means that the government has to show that over the next five years it’s got a plan to rain that in.”
“This looks like the government is going to have to make some tough decisions on cutting spending on some departments and we will get the details on that in the budget in the Autumn.”
BBC Breakfast airs weekdays from 6am on BBC One
Source: Celebrities - dailystar.co.uk
