Sir Keir Starmer defended Labour’s economic record since coming into Government, amid questions from Conservative leader Kemi Badenoch on why Rachel Reeves will hold her spring statement next week. The Prime Minister said: "We have delivered record investment into this country, had three interest rates cuts in a row, and wages are going up faster than prices which is a massive cost-of-living boost." Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Category
🗞
NewsTranscript
00:00The Chancellor claimed that her budget was a once-in-a-parliament reset.
00:05So why are we having an emergency budget next week?
00:08Mr Speaker, we have delivered record investment into this country,
00:16had three interest rates cut in a row,
00:20and wages are going up faster than prices, which is a massive cost of living boost.
00:25That's after only eight months, after 14 years of absolute failure.
00:30What do they do? Interest rates 11%, massive 22 million black hole in the economy.
00:37They crash the economy. We're rebuilding Britain.
00:40Mr Speaker, he knows why we're having an emergency budget,
00:44because since the last one, since the Chancellor delivered her budget in October,
00:50growth is down, borrowing is up, and she has destroyed business confidence.