Sir Keir Starmer has warned the UK will face "huge constraints" on public spending if his party wins the next general election. Speaking at a conference organised by the Resolution Foundation thinktank, the Labour leader said anyone expecting a Labour government "to quickly turn on the spending taps" would be "disappointed".
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00:00 Seriously, never before has a British government asked its people to pay so much for so little.
00:07 And that's why growth is everything.
00:10 It's not just the quickest way out of this.
00:13 It's the only way.
00:15 The path to public service investment and keeping taxes competitive.
00:21 It will be a hard road to walk.
00:24 No doubt about it.
00:26 And anyone who expects an incoming Labour government to quickly turn on the spending taps is going to be disappointed.
00:34 Inflation, debt, taxes are now huge constraints.
00:40 Of course we will make different choices.
00:43 On the non-dom tax status, invested in cutting NHS waiting lists.
00:48 On removing private school tax breaks, invested in high quality teaching and our children's mental health.
00:56 But at the same time, we will be ruthless when it comes to spending every pound wisely.