Housing minister Matthew Pennycook insists the government's pledge not to raise National Insurance, income tax and VAT on working people "will be honoured" in Wednesday's budget. 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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00:00I'm not going to comment on the budget ahead of it being announced by the Chancellor on Wednesday.
00:03People don't have long to wait to find out the details.
00:06What we've said in our manifesto is a very specific and clear commitment to working people,
00:11not to increase taxes in the form of income tax, VAT or national insurance on them.
00:16And the budget more broadly is about restoring economic stability,
00:20creating the conditions for investment so that we can start to fix the foundations
00:24and deliver for working people who've been affected, as you rightly say,
00:27by a squeeze on their living standards in recent years.
00:29We won't be breaking our manifesto pledge.
00:31It was a very specific pledge not to increase income tax,
00:34national insurance or VAT on working people.
00:38That pledge will be honoured in the budget on Wednesday.