00:00We respect independent economic institutions and, you know, the bank has got an incredibly important but difficult job to do and we want them to set the monetary policy that is appropriate for meeting the inflation target because we also saw in the last parliament a double digit inflation, which was, you know, so challenging for businesses, but also family finances, which also has a knock on impact on business.
00:27But we've had four cuts. That is a world away from the previous parliament when interest rates went up so sharply because of the poor economic mismanagement of prime ministers and chancellors.
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