Tories: Labour took on a strong economic legacy

  • 2 months ago
Shadow Transport Secretary Helen Whatley insists the Labour Party took on a “strong” economic legacy as the Chancellor Rachel Reeves reveals a £20bn black hole in public finances. Report by Ajagbef. 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 don't agree with the Chancellor's analysis and actually we should start with the facts which on
00:04the 5th of July when Labour came into office, what they took on was the fastest growing economy in
00:09the G7, the deficit halved since we came into government in 2010, inflation down at 2% and
00:16unemployment at a historic low. So against the backdrop of all the pressures, the challenges of
00:21the pandemic, the war in Ukraine, actually that is a strong economic legacy that Labour took on
00:26and they knew that because the Office of Budget Responsibility, the OBR, means that the books are
00:31open, they can see the figures. So I think what Labour and Rachel Reeves are doing here is rolling
00:37the pitch, setting out a narrative that's going to lead to them announcing tax rises potentially
00:42as soon as the autumn.

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