Rishi Sunak has insisted debt is “on schedule” to fall, despite a senior Treasury minister having been challenged over the same claim. The prime minister said “economic conditions are improving” when asked on the Government’s portrayal of the state of the public finances. 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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00:00 Debt is on schedule to fall as measured by the Independent Office of Budget Responsibility,
00:06 which they've affirmed at the last autumn statement that the Chancellor gave.
00:10 But our plan for the economy is working.
00:12 Inflation has come down from 11% to 4%.
00:16 Mortgage rates are starting to come down.
00:18 Wages are rising.
00:19 And because economic conditions are now improving, we've been able to start cutting people's taxes.
00:24 That's not theoretical.
00:25 It happened in January.
00:27 That's what happens when you have a plan and you stick to it.
00:30 And if we keep on that track, I can give everyone the peace of mind that there's a brighter future
00:34 for them and their families and we can have a renewed sense of pride in the country.
00:38 The contrast, as we saw yesterday from the Labour Party, is an alternative where there's no plan.
00:44 Absolutely no plan.
00:45 Their signature economic policy in tatters.
00:47 And because of that, they would just take everyone back to square one and deliver absolutely
00:51 no change for the country.