10:35 Lucy Powell (Labour)

On the substance, the verdict is now in. The Office for Budget Responsibility forecasts that tax receipts as a proportion of GDP are set to rise to their highest level since the second world war. The Resolution Foundation says that the big picture has not changed: taxes are heading up, and this will be the first Parliament in modern history in which living standards fall to be lower at the end than they were at the start. The Institute for Fiscal Studies agrees that households are worse off since the last election, and no sooner had the Chancellor sat down than the Under-Secretary of State for Energy Security and Net Zero, the hon. Member for West Aberdeenshire and Kincardine (Andrew Bowie), criticised a key plank of the energy plans on Twitter.

[Source]