1348, PH: And Ed Miliband comes to a close, still sounding the same note: that the growth downgrades prove the coalition is bad for the nation’s health. We’ll come to a close there, too. Thanks for tuning in. More Budget coverage on Coffee House all afternoon, starting with these graphs.
1244, PH: Ed Miliband is suggesting that Labour were tougher on the banks because their bonus tax raised £3.5 billion. Problem is, it’s esimated that, after other tax effects, the actual amount that ended up in Treasury coffers was more like £2 billion — if that.
1342, PH: Oh, Miliband’s back on growth again: “The OBR has factored in every single policy announced today, and still downgraded its growth forecasts.”
1341, PH: Miliband’s loudest swipe at Osborne: “He’s Norman Lamont with an iPod.” Bit opaque, that one, if you ask me.
1338, PH: Miliband really is dwelling on the macro indicators — growth, inflation, etc — rather than the policy specifics.
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