Jeremy Hunt has accused Labour of lying over the "£22bn" budget black hole it claims to have inherited. The shadow chancellor, who was speaking at the Conservative conference in Birmingham, claimed the £22 billion “black hole” could turn out to be a £39 billion surplus. 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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00:00I think one of the biggest lies we've had since Labour came to office is this nonsense
00:07about having the worst economic inheritance since the Second World War. I note that not
00:13a single independent economist has been prepared to come forward and back up Rachel Reeves
00:20in that claim. Just read this week's Economist where, you know, there's an article saying
00:25that she could actually have not a black hole of £22 billion, but a surplus of £39 billion
00:33to play with in the budget. The Financial Times did a Freedom of Information request
00:39to the Treasury to ask where this fictitious £22 billion number came back. And the reply
00:45they got back from the Treasury was, we can't give you the workings because we're not sure
00:49they're accurate.