Tuesday 29 November 2011
Chancellor George Osborne has said public sector pay rises will be capped at 1% for two years, as he lowered growth forecasts for the UK economy.
The number of public sector jobs set to be lost by 2017 has also been revised up from 400,000 to 710,000. Borrowing and unemployment are set to be higher than forecast and spending cuts to carry on to 2017, he admitted.
For Labour, Ed Balls said the figures showed the chancellor's economic and fiscal plans were "in tatters".
Tonight we will be getting Paul Mason and David Grossman's assessments of what was announced.
In the studio we will be joined by Chief Secretary to the Treasury Danny Alexander and his Labour Shadow Rachel Reeves.
And we will debating the government's plans with guests including Lord Heseltine, FT editor Lionel Barber, economist Mariana Mazzucato, Philip Collins from think tank Demos and WSJ Europe editor Tracey Corrigan.
Plus Shaun Ley will be looking at whether the chancellor, like predecessor Gordon Brown, is starting to look like a man with an eye on the top job one day.
All that with Jeremy at 10.30pm on BBC Two.