Rishi Sunak says he doesn’t agree with the Institute for Fiscal Studies' (IFS) analysis of the major parties' manifestos which accuses the Conservative and Labour manifestos of ignoring some of the "big challenges" in the economy. The prime minister insists the Tory manifesto is “fully costed” and cites future savings to the welfare budget which has “been growing at unsustainable levels since the pandemic”. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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00:00We have a fully costed manifesto which can deliver tax cuts for people at every stage
00:05in their lives and that is largely funded by making sure that we can find some savings
00:10in the growth of the welfare budget because it's been growing at unsustainable levels
00:13since the pandemic. We've set out a very clear plan to reform that to support people into work
00:18and in fact the Institute of Fiscal Studies acknowledge that last time around when they
00:21said that that wasn't possible that it was actually delivered and that's something that
00:25the Institute of Fiscal Studies themselves have said. Labour in contrast don't think you can save
00:28a single penny from the welfare bill which is already where we're spending more than on
00:32transport, schools, law enforcement. I don't think that's right. I want to deliver tax cuts for people
00:37and constraining the increase in the welfare budget is the right way to do that to support
00:41people in work.