Claims extracted
26
sentences that state something as happening or true
Uncertain
19%
5 of 26 hedged
("reportedly", "may", "according to")
Leaning
Leans strongly left
of the writing, not the subject · beta estimate
Publisher signals
68/100
Daily Mail's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
141
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
John Healey was last night accused of using ‘made up numbers’ to balance the books as the Budget watchdog admitted soaring energy prices meant its figures were already out of date.
asserted
figures → accuse → date
It was claimed that the Chancellor was only able to meet fiscal targets by pencilling in billions of pounds in spending cuts that few believe will take place.
And the Office for Budget Responsibility (OBR) said the outlook for public finances would have looked even worse if it had factored in the most recent increases in global oil and gas costs.
asserted
it → claim → costs
Mr Healey’s ‘headroom’ – the buffer against meeting fiscal rules – has already shrunk from £24 billion in the spring to £15 billion as the impact of the Iran war on inflation and growth bites.
asserted
impact → meet → inflation
The Chancellor said: ‘That is what a buffer is for: use it when you need it, rebuild it when you can.’
asserted
you → say → it
Yet even the deteriorating picture of the public finances was based on the idea that so-called ‘unprotected’ spending will fall sharply.
asserted
spending → deteriorate → idea
Healey's calculations are already out of date thanks to soaring energy prices, a leading economist said
While budgets for the likes of the NHS, schools and overseas aid are ringfenced, others – from prisons to the police – can in theory face big reductions.
asserted
others → soar → reductions
It means that, until a government spending review next year, Labour’s Budget figures are based on the assumption that those areas will face three years of 2.6 per cent real terms cuts.
asserted
areas → mean → cuts
Paul Johnson, former director of the Institute for Fiscal Studies, protested that it was unrealistic.
asserted
it → protest → Studies
Mr Johnson, now provost at Queen’s College Oxford and chief economist at the 2030 Prosperity Alliance – a group of economists and business leaders - said: ‘This Budget represents myopia on steroids.
‘
asserted
Budget → say → steroids
A claim that the fiscal rules are being kept to, but a claim based in almost certainly fanciful “plans” to slash many areas of public service spending in from 2028 onwards.
uncertain
rules → keep → 2028
‘The numbers add up because the numbers were made up.
asserted
numbers → add → ?
If business and the country need some certainty and stability to help with growth, this Budget did not provide it.’
asserted
Budget → need → it
The public finance picture was made worse because of soaring oil and gas prices.
asserted
picture → make → prices
Yet it used energy market figures dating back to the middle of August, since when prices have risen even further.
asserted
prices → use → when
The OBR said the gap between that window and the Budget itself was larger than usual after the Treasury asked for ‘greater policy decision-making time’.
asserted
Treasury → say → time
OBR economist David Miles noted that prices were now ‘pretty substantially higher’.
asserted
prices → note → ?
Back then, oil prices were up by 35 per cent and gas had doubled compared to before the war.
asserted
gas → double → war
But now, oil is 70 per cent up and gas has tripled since the start of the conflict.
asserted
gas → triple → conflict
That suggested the public finance forecasts were now ‘somewhat optimistic’ and should be closer to a ‘severe’ scenario which wiped £17 billion off the headroom.
uncertain
which → suggest → headroom
Sanjay Raja, chief UK economist at Deutsche Bank, said: ‘Big spending decisions loom in the new year.’
asserted
decisions → say → year
On top of the spending review, the Chancellor will need to find more money to pay for Andy Burnham’s plan for a national care service as well as higher defence spending, which could leave him with a ‘fiscal hole’ of up to £40 billion in the new year, Mr Raja said.
uncertain
Raja → need → year
That could ‘raise concerns around the credibility of projected fiscal tightening’, he added.
uncertain
he → raise → tightening
Mr Raja added: ‘For now, the Chancellor has bought himself more time, but the UK is walking an increasingly fine fiscal line, with the harder choices still to come.’
asserted
choices → add → line
If you take out a product This is Money may earn a commission.
uncertain
This → take → commission
These deals are chosen by our editorial team, as we think they are worth highlighting.
asserted
they → choose → team
This does not affect our editorial independence.
asserted
This → affect → independence
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