City minister discusses government's plan to cut taxes
Economic secretary to the Treasury Bim Afolami insisted cutting taxes remains a "core Conservative principle" as he set out the government's economic plan ahead of the election. "We are cutting taxes that help grow the economy and that means that overall we're going to have more money for our public services," he said. Report by Kennedyl. 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 Cutting taxes is a core conservative principle because we believe that we want people to keep as much of their own money as they can.
00:09 But we're only going to do that if we can be responsible with the public finances and make sure that our public services have enough resources.
00:17 And that's why we're cutting taxes that grow, that help grow the economy.
00:22 And that means that overall, we're going to have more money for our public services.
00:26 And that's what was found in our last fiscal events with the cuts in national insurance.
00:30 So the cuts for average workers, the Office for Budget Responsibility Calculator that actually helped grow the economy.
00:36 And so that's how we're going to do it. But in addition to that, I know that public services are so important to all of us.
00:42 And because of the strains of covid in particular, it was difficult for a lot of public services, particularly the NHS.
00:48 And we're still recovering from that. But that's why we're investing in improving the productivity, the outputs for our public services, particularly the NHS.
00:58 And so we're making sure that not just more money is going in, but that money is spent as wisely as possible.
01:04 Fewer in the backroom and in management and more at the front line.