Reform UK Leader, Nigel Farage, says that the UK is in "an economic doom loop, and no one seems to recognise it" following Chancellor Rachel Reeves' Budget statement to the House of Commons. Report by Ketchs. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
00:00One thing that was very clear to me watching the budget was that we are in an economic doom loop
00:05and no one seems to recognise it.
00:08Neither the last Conservative government nor this Labour government.
00:12There isn't really much truth being spoken about just how much trouble we're in.
00:17But there was one absolute truth that came from Rachel Reeves this morning
00:22and that was that this government had a very bad inheritance.
00:26Just think of it, tax levels at post-war highs, mass uncontrolled immigration,
00:34most people coming, not actually working and being a burden and a massive cost,
00:39net zero policies, de-industrialising Britain at a rapid rate,
00:44giving us the most expensive energy in the world,
00:48and generally, generally debt, which went up about two and a half times during those 14 years.
00:54So the economic inheritance that Labour had was poor.
01:00And whatever the Tory leader stands up and says in the House of Commons
01:03doesn't do anything to take that away.
01:06But I have to say I sat there thinking this really was the Alice through the looking glass budget
01:12with a healthy dose of socialism thrown in.
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