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Speaker 1: Givin grays with us given good evening to you.

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Speaker 2: Good evening round.

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Speaker 1: Now you've got an update on the Heathrow Airport fire.

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Speaker 1: What was it suspicious or not?

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Speaker 2: No police say it wasn't. The fire broke out on

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Speaker 2: Friday and resulted in the closure of Heathrow Airport, Europe's

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Speaker 2: busiest airport, an estimated quarter of a million people affected

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Speaker 2: and sixty three thousand homes lost power in an outage

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Speaker 2: caused by a fire at a nearby electricity station or substation.

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Speaker 2: We have since been told that actually Heathrow could have

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Speaker 2: received its power from two other substations, but chose to

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Speaker 2: shut down because it would take too long to close

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Speaker 2: all the systems down and reboot them. So lots of

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Speaker 2: people say, well, well, hang on a minute, that's the

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Speaker 2: whole point of a shutdown. And if you can't have

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Speaker 2: a backup system without actually having to shut the whole

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Speaker 2: thing down, then what's the point. This has been a big,

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Speaker 2: big concern. Lots of the two investigations, one by the

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Speaker 2: government and one by Heathrow pot itself to answer some

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Speaker 2: of these questions and about resilience of the major transport

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Speaker 2: hub in question, and plenty of people not keen on

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Speaker 2: Heathrow's response with such huge effects on people around the world,

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Speaker 2: but yet the police now saying no suspicious circumstances.

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Speaker 1: Okay, interesting given the rightel reason a spring statement to

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Speaker 1: the House of Commons. We're all looking forward to this

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Speaker 1: because it's sort of like what is she going to cut?

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Speaker 1: How deep is she going to go? It will include

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Speaker 1: school lunches. What's on the menu?

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Speaker 2: Yeah, and in nearly seven hours time or a little

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Speaker 2: under seven hours time now we will find out. But

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Speaker 2: it's not looking good. So there's a combination here of

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Speaker 2: low economic growth and higher interest rates on government borrowing,

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Speaker 2: and that's really been dealing a blow to the plans

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Speaker 2: that had been made to the government because they're to

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Speaker 2: their forecasts have been way too optimistic round about the

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Speaker 2: state of the economy, and the government has set its

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Speaker 2: non negotiable rules on borrowing and debt. This is they

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Speaker 2: are not going to borrow to fund day to day

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Speaker 2: public spending and to get government debt falling as a

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Speaker 2: share of national income by the end of the parliament.

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Speaker 2: If anything, though, that's going the wrong way, and so

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Speaker 2: we believe there could be more welfare cuts announced a

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Speaker 2: little later already she's announced about twelve billion New Zealand

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Speaker 2: dollars worth of cuts to welfare. She's also announced to

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Speaker 2: fifteen percent cuts to civil servants, so there'll be massive

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Speaker 2: amount of redundancies coming there. But the forecasts were that

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Speaker 2: the economy we'd grow by two percent this year one

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Speaker 2: point eight percent next year. The Bank of England says

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Speaker 2: it's going to be nearer to one percent, and that

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Speaker 2: means the little riggle room that she'd left herself in

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Speaker 2: her early calculations has completely gone, and so there is

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Speaker 2: now going to have to be some massive changes that

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Speaker 2: will result, really, I think in some problems for her.

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Speaker 2: The government had pledged no increase to personal taxes, but

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Speaker 2: now I think we're in a date where we may

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Speaker 2: well see a reversal of that. Maybe not this time around,

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Speaker 2: but maybe there'd be a hint of it in this

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Speaker 2: speech about what happens next time around in the autumn

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Speaker 2: budget in about six months time.

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Speaker 1: Okay, nice one, Gavin, thank you very much for that.

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Speaker 1: Givin Gray are UK correspondent with.

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