Chancellor Rachel Reeves insists she will not be "coming back with a budget like this in the future" after unveiling £40 billion of tax rises on Wednesday which will "fix the foundations" of the UK economy. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Category
🗞
NewsTranscript
00:00I wanted yesterday to get everything out into the open and be transparent about
00:05the decisions that I needed to make so this is the first budget of this
00:10Parliament to wipe the slate clean, to undo the damage that the last
00:14government had done. I'm not going to be coming back with a budget like this in
00:18the future. This budget was to fix the foundations and to ensure that our
00:24public finances are on a firm footing. I've done that now, businesses and
00:28families can be confident of that. I'm not going to write five years worth of
00:32budgets today but what businesses and what families should know that we have
00:38now wiped the slate clean under the fiscal fiction from the previous
00:43government. We've filled the black hole, we've put our public finances on a firmer
00:47footing, we've ensured that our health service has got the money that it needs
00:52so I won't have to deliver a budget like this again to clean up the mess that the
00:57previous government left me.