'£46 BILLION BLACK HOLE in Chancellor's budget': Ellie Reeves BLASTS '14 years of Tory failure'

Published: Mar 14, 2024 Duration: 00:05:48 Category: News & Politics

Trending searches: ellie reeves
how do you begin to combat people like Julie who says she's terrified of Labor getting in well I'm sorry to hear that from Julie it was interesting that she said that she'd always voted conservative and that she won't be this time and you know I speak to voters up and down the country you know we've had a number of recent by elections in Welling BR in Kingswood before that in mid Bedford Sher and Tamworth and voters tell us time and time again that they want change after 4 14 years of conservative government and 14 years of failure cost of living crisis that they want change and that's why it's so disappointing actually that rishy sunak has said there won't election on the 2nd of May because people deserve to have that choice they have they have the you know they deserve to be able to vote for the change that they want rating has it been for you to actually learn that we're not going to get a spring election well what I say to Richi suak is look there's still time to call it he could call an election up until the 26th of March to take place on the 2nd of May so you know just get on and call it the 2nd of May uh is the right time of the Electoral cycle to uh to have an election we've got Council and maral elections in on on that day you know what's he what's he running running scared of it's it's time to give the public a say and he's still got time to call it I know that their labor has concerns over National Insurance we've had that reduction again another 2% off National Insurance from the chancellor but also that indication he we want to scrap National Insurance all together it does beg the question that people don't seem to be asking is well what do we do with that big shortfall yeah I mean there there's a 46 billion pound black hole in the Chancellor's proposals he says that he wants to scrap National Insurance but that means either borrowing has to go up or we see cuts to pensions or to the NHS or further tax Rises elsewhere and I think it needs to come clean with where this 46 billion is going to come from if it's more borrowing it's yet another unfunded spending commitment from this government we saw what happened in Liz truss's mini budget when they made unfunded spending commitments that crashed the economy and people are still paying the price of that through higher mortgage costs it's Reckless by this Chancellor to make these sorts of unfunded spending commitments I suppose um given that we're probably going to face um an election in the latter half of this year that gives you in Labor more time to figure out how you're going to fund some of your um ideas because of course that was scuppered um just recently by the Prime Minister um announcing that um it was uh non the non-dom status is going to be um gotten rid of as it were um which was one way that you were going to help fund some of your plans so it gives you a bit more time to sort that out doesn't it well we we've been calling for non-dom status to be ended for uh several years now and you know it's great that the government decided to steal our policy does beg the question why did it take them so long that money could have been put into our NHS uh and public services over the last couple of years uh they're stolen our policy it is our job now to go through the budget go through the figures and make sure that everything we put forward is fully costed but we are committed to uh reducing NHS waiting lists through those extra 2 million uh appointments and procedures we're committed to the free breakfast clubs in Primary School giving every child the best possible start to the day and enabling parents to get out to work so we'll be going through the numbers really carefully and I've got every confidence in our shadow Chancellor Rachel Reeves we're going through that and working out those can be funded after the government stole our policies but you I mean so almost back to my first point you I mean as as Deputy campaign coordinator you've got an awful lot of work to do haven't you because the one thing the labor party isn't doing is actually coming out with a great deal of ideas now admittedly you know you're not going to do that before the manifesto is out and we all know exactly what you stand for you're worried about other parties nicking your ideas we know how it works politically but people aren't inspired to vote for laor they may be inspired not to vote for the Tories at the minute but what are they voting for with a labor party apart from as you say well they just want a change well there's plenty of more policies of ours that the conservatives could steal for example ending tax breaks for private schools and putting an immediate injection into our state schools where the vast majority of children attend so recruiting 6,000 500 new specialist teachers putting mental health support workers in every uh school you know these are the sorts of things we do also reform of planning so that we can get Britain building uh again 1.5 million houses in the course of the first Parliament uh and a national wealth fund to create good jobs the the jobs of the future in things like uh electric uh vehicle manufacturing carbon capture of stor we've we've had such low growth in this country for so long growth has stagnated under the conservatives we've now got rishi's recession working people uh are uh worse off we're facing the highest tax burden in 70 years so we've got a plan for growth and a plan to invest in our failing Public Services that's the difference between labor and the conservatives

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