chancellor

Economists have said taxes will have to go up in the autumn Budget if the chancellor is to meet her self-imposed rules on borrowing to fund public services.

"The world has changed," the chancellor told the Today programme.

Maintenance grants were abolished 10 years ago by the former chancellor George Osborne, who said they had become an "unaffordable" cost to the taxpayer.

In her speech at Labour's annual party conference in Liverpool, the chancellor pledged to keep "taxes, inflation and interest rates as low as possible".

That Budget, says John Caudwell, with its £25bn rise in employers' National Insurance, undid a lot of the goodwill the chancellor had garnered.