Shadow Chancellor Rachel Reeves says she will not "take any lectures" from the Conservatives on borrowing given its track record on debt. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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00:00 The cost of living crisis has really hit working families.
00:05 They've had more of their money taken in taxes,
00:08 the highest tax burden in 70 years,
00:11 25 tax rises just in this parliament,
00:14 inflation eating into wages as well,
00:17 and higher mortgages and rents.
00:20 So I want taxes on working people to be lower,
00:24 but I would say to the Prime Minister and the Chancellor,
00:27 you've had 13 years,
00:29 we've got the highest tax burden in 70 years,
00:32 this is too little and too late.
00:33 I'm not gonna take any lectures from the Conservatives
00:36 on pushing up borrowing when debt under their watch
00:40 after 13 years has reached 100% of GDP.
00:45 I've been really clear that our fiscal rules
00:47 say that we won't borrow for day-to-day spending.
00:49 We, unlike the Conservatives,
00:51 will bring debt down as a share of our national economy,
00:54 and then only subject to that,
00:55 do what every other country around the world is doing,
00:58 investing alongside business in the things to unlock growth,
01:01 investment, and productivity.