00:00As you do expect me to say, I'm not going to speculate on the budget.
00:03We'll set all the final decisions out on the 28th of October.
00:06The Prime Minister has been very clear, though.
00:08We remain committed to the promises made in our manifesto.
00:11That's no increase in the rates of national insurance, VAT or income tax.
00:16Where we have made decisions to reprioritise funding,
00:18that's from existing funding within departments to reflect some of those decisions
00:21the Prime Minister has made in his first weeks to give people that bit of breathing space,
00:26whether it's the removal of VAT on electricity bills or that 20% business rate cuts for pubs, clubs and
00:32live music venues.
