00:00This is not a debate about getting more funding for the NHS and public services.
00:04They need more money. We found more money when we were in power. We fully recognise that.
00:09The choice is whether you find that extra money through tax rises that are incredibly
00:16damaging to the economy, or whether you're prepared to take difficult decisions on welfare reform,
00:20public sector productivity, and find the money a different way.
00:25The result of what the government has done today in these very damaging tax rises for
00:30ordinary families, it's going to mean lower wages, higher mortgages, higher prices,
00:36living standards going down. That's according to their own economic watchdog, the OBR.
00:41And that just goes to show that when the Labour government puts up taxes however they dress it up,
00:47it's ordinary families that pay the price.
00:49Well, if we got our welfare rolls down to 2019 levels, just before the pandemic,
00:55we would save £34 billion a year. Now, those are difficult decisions.
01:00And what's happened is the government's ducked those decisions. They've taken the easy path,
01:04which is to pick the pockets of businesses. But what their own watchdog, the OBR,
01:10says is that actually means lower living standards for ordinary families, lower wages,
01:15higher prices, higher mortgages. In other words, however much they try and mask it as not affecting
01:21working people, when Labour raise taxes, it's working people that pay the price.
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