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  • 8 hours ago
Chief Secretary to the Prime Minister Darren Jones says that Rachel Reeves did not mislead the public over the state of the public finances in the lead up to the Budget, instead claiming that the Chancellor was "very clear" that the government needed to "hit its fiscal rules". 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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00:00No, of course not. The Chancellor was very clear that we needed to make sure that we're hitting our fiscal rules.
00:05That means that we're paying for day-to-day services with tax and not borrowing,
00:09and that we needed to put more money aside for a rainy day, what we call the headroom,
00:13which you normally have over £10 billion of unallocated money over the course of a parliament for unexpected events,
00:20and we've taken that to £20 billion.
00:22And when you add those things up, alongside measures that we decided to take,
00:26for example, cutting energy bills, of course we needed to find a way to pay for those decisions,
00:31which is what the Chancellor did at the Budget.
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