00:00I was clear in my speech yesterday that I do recognise that freezing the thresholds from
00:062028 does mean that working people will contribute a bit more. I've kept those...
00:12Well, in the manifesto, it said we wouldn't increase the rates of income tax, national
00:17insurance or VAT, but I'm not denying that this is asking people to contribute a bit more.
00:24But we were able to keep that contribution to a minimum through other changes I announced
00:29yesterday. So taxing the gambling companies, taxing properties worth more than £2 million
00:35with the high-value council tax surcharge, ensuring that landlords and people who get
00:41their money from dividends pay a bit more in tax. And because of those changes and also
00:46closing the tax loopholes, further efficiencies in public spending, I was able to keep that
00:53down. And of course, it's not until 2028. Next year, people are getting £150 off their
00:59energy bills as well as the freezes in prescription charges and also that freeze in train fares
01:06costs as well.
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