PM: 'This was a Labour Budget with Labour values'

ODN

Prime Minister Sir Keir Starmer says that his government's Budget was "a Labour Budget with Labour values" which he defined as fairness, protecting investment in public services, tackling the national debt, and dealing with the cost of living. Report by Ketchs. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

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00:00The first and most important fundamental principle was fairness.

00:04This was a Labour budget with Labour values, and that means it had to be a fair budget.

00:10And then we had three pillars, really, to the budget that I'll just spell out to you.

00:14The first is that we must protect investment, particularly in our NHS.

00:19You know the state of the NHS under the last government.

00:23It was left... I always say it was left on its knees,

00:26but my wife, who works at the NHS, says no, Keir. It was left on its face.

00:30And it fell to us to put the money back into the NHS, to put it back up and make it fit for the future.

00:36So it's there for everybody and their families when they need it.

00:39So that was principle number one.

00:41Principle number two was we have to get the national debt down.

00:45It's far too high, and by getting it down, that impacts everybody across the country

00:51because it allows interest rates to come down.

00:53And once interest rates come down, that then gets affected in mortgages.

00:57And this is one of the biggest monthly payments that many people make to get their mortgages down.

01:03And then the third big principle, which you'll have seen, I hope,

01:06is that we absolutely had to bear down and deal with the cost of living pressures that people are facing.

01:13And thinking particularly about people who are struggling to make ends meet.

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