00:00I don't think that the government has given people breathing space.
00:03I think they've given themselves breathing space.
00:05Yes, I know that many households will welcome having an extra £100 for their energy bills,
00:11but actually energy bills are going up by over £200 in January and then by over £400 in July.
00:19We need to start looking at the structural costs of energy.
00:23There were no long-term decisions in this budget.
00:25We even had the OBR saying that an oil field was going to be opening while the government is saying,
00:32no, they're not.
00:33This was a budget that was actually doing very little, lots of piecemeal measures, but nothing game-changing.
00:39What I wanted to see in that budget was a big shrinking of welfare budget, more money for defence.
00:45The government is actually cutting defence funding this year.
00:49I don't think that that's right.
