00:00Well, of course, they're wildly wrong. The inflation is still 50% up from where it was at the last
00:07general election. It's only coming down because the Bank of England is lowering interest rates because it's so worried about
00:15growth.
00:15It's worried about growth because the economy has been regularly clobbered by a series of tax raising budgets, which have
00:24destroyed a lot of economic opportunity. If you're a young person, it's the worst time in living memory to be
00:30trying to enter the jobs markets. And as we all know, the hospitality sector, manufacturing large chunks of the industrial
00:40and services economy are feeling thoroughly clobbered and growth is anemic.
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