All the same, I would expect and (I anticipate) receive agreement from the Chancellor to two propositions: first, I would wish the ‘ real ’ budget to be maintained, though I would not argue for any test of ‘ reality ’ other than the rough and ready conventional scale used for measuring inflation; and secondly, I would seek to agree a modest and gradual increase in that ‘ real ’ budget.
All the same, I would expect and (I anticipate) receive agreement from the Chancellor to two propositions: first, I would wish the ‘ real ’ budget to be maintained, though I would not argue for any test of ‘ reality ’ other than the imperfect but able to use conventional scale used for measuring inflation; and secondly, I would seek to agree a modest and gradual increase in that ‘ real ’ budget.