John Healey’s budget on Wednesday contained 98 measures, the most since 2010, and yet the OBR appears to be questioning the extent of his £15 billion in headroom. Tim Shipman speaks to the OBR’s David Miles about a tax take heading for a post-war high, the cuts pencilled in for the end of the parliament, and why, by his reckoning, Britain is 25% poorer than it expected to be in 2008.


Produced by Henry Lloyd

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