Chancellor Jeremy Hunt, visiting a building site in Manchester, said that there were “no shortcuts” to boosting growth.
Mr Hunt said: “If we want faster growth and to stop taxes ever rising, that's possible but there are no shortcuts. We have to take difficult decisions to help companies grow, we have got to spend public spending, taxpayers' money, more efficiently, including reforms to welfare.”
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Mr Hunt said: “If we want faster growth and to stop taxes ever rising, that's possible but there are no shortcuts. We have to take difficult decisions to help companies grow, we have got to spend public spending, taxpayers' money, more efficiently, including reforms to welfare.”
Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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NewsTranscript
00:00 Well my message to the Conservative Party but actually to the whole country today is that if we want faster growth
00:06 and to stop taxes ever rising, that's possible. But there are no shortcuts.
00:12 We have to take difficult decisions to help companies grow, we've got to spend public spending, taxpayers money
00:18 more efficiently, including reforms to welfare. But we're making progress.
00:23 We've already seen inflation fall by nearly 40%, we've recovered faster than Germany or France from the pandemic
00:31 and we have a Prime Minister who's willing to take those difficult decisions to make sure that we do stay on the right track as a country.
00:38 When it comes to the benefits system, we want to make work pay and that's why today we are giving a pay rise to 2 million workers
00:47 by saying the National Living Wage will increase to more than £11 an hour. That is a really big incentive for people to engage with the world of work.
00:56 But we also have 300,000 people who have not been in work for a year, don't have a disability, don't have an illness
01:03 and we're saying to them, you too need to do the right thing. We're making it worth your while by putting up the National Living Wage
01:09 but we need to know that you're engaging properly with all the help and support that we're giving you to find work.