Chancellor Jeremy Hunt says he wants to cut taxes “in a responsible way” ahead of Wednesday's Budget and insists the government are “laying the foundations for long-term growth”. Report by Blairm. 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 We believe that if you look around the world, the countries which are growing the fastest,
00:06 whether it's North America or Asia, have lower taxes, because that makes a more dynamic,
00:12 more energetic, more entrepreneurial economy.
00:15 So we do want to move to a lower taxed economy, but we're only going to do so in a way that is responsible
00:22 and recognises that there are things that taxes pay for, that we couldn't cut taxes by borrowing.
00:30 We'll do so in a responsible way, but if we can spend money on public services more efficiently,
00:37 then that will mean less pressure on taxpayers.
00:40 You'll have to see on Wednesday precisely what I'm going to announce, but let me be clear,
00:47 there is a plan for growth compared to the Labour Party that has just had to abandon the central plan
00:54 they had for growth, this £28 billion number that one day they were supporting, the next day they weren't.
01:00 Our plan is working. We've halved inflation, we have 800 more people in work for every day
01:07 Conservatives have been in office since 2010. More jobs, more investment, lower inflation.
01:13 inflation we are laying the foundations for long-term growth.