00:00 When it comes to tax, I know there's been a lot of speculation, we will not do anything
00:04 that compromises the battle against inflation.
00:07 We have succeeded this week in halving inflation compared to when I became Chancellor and Rishi
00:13 Sunak became Prime Minister.
00:15 That is the single most important thing we've done and we will not do anything to jeopardise
00:20 the progress.
00:21 You're going to have to wait until Wednesday to hear the decisions I take, but one thing
00:26 I want to be very clear about, there's no easy way to reduce the tax burden.
00:32 What we need to do is to take difficult decisions to reform the welfare state and to make public
00:38 services more productive, more efficient.
00:41 Today I've been talking to police officers, ambulance drivers, people in our emergency
00:45 services who say they waste far too much time on admin.
00:49 If we address those problems, we can stop taxes going up and that is a very big priority.
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