'Budget economic growth forecast drop is bigger than Brexit', says Theresa May's former comms director

'Budget economic growth forecast drop is bigger than Brexit', says Theresa May's former comms director

Katie Perrior says Philip Hammond doesn't want to invest much in Brexit

Wednesday, November 22, 2017

Economic growth is forecast to fall and it's actually a bigger issue than Brexit, according to Theresa May's former communications director Katie Perrior.

Philip Hammond has made his budget speech today (November 22), and revealed that the growth forecast for the economy has been cut significantly.

Perrior told Sam Delaney that this is unlikely to be spoken about much by the public and media as it is difficult to understand, but it "is actually on paper bigger than Brexit."

She added that, following today's news, "we will find it harder to bring up those wages, make sure that starting salaries are higher than they were 10 years ago, because they’re not at the moment."

She also told us the Tories "have had a real wobble since the general election, really it’s been a mess" but "the Conservative Party needs a vision of what it stands for and why the hell it’s going to be the right party to lead us into the next election."

Perrior added: "I don’t think Philip Hammond is going to spend a penny more on Brexit than he has to."

Also speaking to Sam was Joe Twyman, head of political and social research at YouGov, who said "the minimum requirement for Philip Hamond in this budget was not to make a major mistake, to get through it without dropping a clanger" and he managed that. 

Twyman added that it was previously predicted that "at some stage [now] the deficit would actually be removed completely and we’d be in a surplus" and this hasn't happened.

Listen to the full audio above