00:00It's a great pleasure to introduce our Shadow Chancellor.
00:04Labour is the party of economic responsibility and the party of social justice.
00:13Conference, it's time for a government.
00:24The government has presided over the biggest wage squeeze in centuries.
00:30What people will be asking themselves at the next election is this.
00:34And me and my family better off with a Conservative government and the answer is no.
00:44The mess we are in. The mess we are in.
00:53So a Labour government will not waver from ironclad fiscal rules.
00:58Nor play the Tory game of undermining our economic institutions.
01:03Thank you so much, Conference.
01:09I'm going to introduce you to some of the people who are Brad, Dylan and Steve.
01:23Thanks for making this time.
01:24Thank you, Steve.
01:25I'm going to show you this, Andrew, because these shafts go into each of that and then they all go big rings of bolts and bolts together vertically.
01:41What gave you the idea of coming here?
01:44OK, so that's...
01:46OK, so that's...
01:50You knew that's...
01:51OK, so that's...
02:11Thank you for bringing it out.
02:26Thank you for bringing it out.
02:28Thank you for bringing it out.
02:38Well the position of Chancellor of the Exchequer has existed for hundreds of years and a woman
02:49has never held that role so I feel like I'm smashing one of the last class ceilings in
02:54politics and I'm really proud to do that.
03:06I swear by Almighty God that I will be faithful and bear true allegiance to His Majesty King
03:11Charles, his heirs and successors according to law, so help me God.
03:16We now come to the statement I call the Chancellor of the Exchequer, Rachel Reeves.
03:25Thank you Mr Speaker.
03:27It means Mr Speaker that we have inherited a projected overspend of £22 billion.
03:33Second, I can repeat from the dispatch box our manifesto commitment that we will not increase
03:38time.
03:39Right, thanks for having me.
03:40So that's Stuart McKenley.
03:41Hello Stuart, I'm Rachel.
03:42Hello, really lovely to meet you.
03:43So you do the work on skills here?
03:45Yeah, I'm just going to direct that one, but it's a significant project for us and also
03:50it's enabling us to actually determine if you're a robot inside what's going to be.
03:57I'm going to get a number.
04:16I'm just going to make a number.
04:20Thank you very much.
04:50Thank you. Thank you, Madam Deputy Speaker. On July the 4th, the country voted for change.
05:01Yeah!
05:02Oh my goodness, it's so light, isn't it?
05:19What?
05:20Back to China, I found from the Johnson to buy my first...
05:24Because our school is K-12, so our friends are going to...
05:29It's a real pleasure to meet you and to be here in Beijing...
05:52...to the outside world and responded to the expectations of the world...
06:07...the fundamental strengths in our history, in our language and in our legal system...
06:13...to compete in a global economy. But for too long, that potential has been held back.
06:24Are you in panic mode, Chancellor? Are you making emergency cuts? No spring in your step today, Chancellor? Are you in panic mode, Chancellor?
06:40The spring statement, Chancellor of the Exchequer, Rachel Reeves?
06:44Yes!
06:48Mr Speaker, as a result of the steps that I am taking today...
06:53...I can confirm that I have restored in full our headroom against the stability rule.
06:58Yes!
07:00Mr Speaker, I don't think the Prime Minister actually watched what happened in the House yesterday.
07:06His bill was completely gutted.
07:08A U-turn in the middle of the debate, removing Clause 5.
07:12Where on earth was he?
07:14I'm really proud, Mr Speaker, that in the first year of a Labour government...
07:17...we've got free school meals, breakfast clubs, target.
07:20We've got £15 billion invested in transport in the North and the Midlands.
07:25With current regulation, planning and infrastructure is pounding forward.
07:29Thank you, Mr Speaker.
07:59You
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