00:00I delivered four fiscal events, they were all audited independently by the OBR and we
00:07presented those to Parliament and we always allowed Treasury officials to answer any questions
00:14asked by the OBR honestly and openly and I think that is a good system and what it demonstrates
00:20is that our finances were in a fundamentally sound position when the last Conservative
00:26government left office but that the new Labour government has made political choices, choices
00:32not to ask for anything in return for unions despite giving them massive pay rises, choices
00:38to cancel the Rwanda scheme which is going to lead to more money being spent on housing
00:43asylums, those are political choices. Now what Rachel Rees needs to do as a new Chancellor
00:49is to accept that she has to take responsibility for the political choices that she makes.
00:54I think many pensioners will feel betrayed that a Labour government took away a benefit
01:02that Age UK says that many pensioners actually need. They did it without any warning at all
01:09and they did it because they are trying to blame a trumped up process of a bogus black
01:16hole. The black hole that we are talking about today is one of Labour's own making.
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