Rachel Reeves urged business chiefs to judge her on her ability to deliver economic growth as she faced claims she was treating firms as a “cash cow” by hiking taxes.
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00:00I've had lots of feedback on the budget, but what I haven't heard is any credible alternatives
00:12to what I did to put our public finances on a firm footing.
00:16I faced a problem and I faced into it, and we've now drawn a line under the fiction peddled
00:21by the previous government.
00:23We've put our public finances back on a firm footing, and we've now set the budgets for
00:28public services for the duration of this parliament.
00:32Public services now need to live within their means, because I'm really clear, I'm not coming
00:37back with more borrowing or more taxes, and that is why, at this budget, we did wipe the
00:44slate clean to put public finances and public services on a firm footing.
00:49As a result, we won't have to do a budget like this ever again, and indeed, unlike the
00:53last government, I will only be doing one budget a year so that this government can
00:58focus on what our number one priority is, and that's growing the economy.