00:00Well let's cross over straight away shall we to Shadow Paymaster General
00:04Richard Holden who joins us now. Good to see you this morning Mr. Holden. I'm just
00:08taking a look at the FTSE 100 just opened down 2.3% today and that follows
00:13Asian stock markets which have been plummeting. Shockwaves from US President
00:17Donald Trump's tariffs obviously continuing to have an effect. What do you
00:22make of all of this? You must be concerned. I am very concerned. I think
00:29this is particularly for UK business on top of Labour's massive jobs tax
00:33increases which are costing even our automotive sector alone 200
00:38million pounds a year. Kicking in yesterday costing businesses in my
00:42constituency and right across the country. You know on top of that these
00:46tariffs are really very unwelcome. But you know we have to do what we can as a
00:52country to make the situation better at home and all we've seen from Labour so
00:58far is more hammering of business with both tax on one side and red tape on the
01:03other.
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