0:00
And what also matters is as Russ was
0:01
talking about the huge structural
0:03
problem we have of an enormous amount of
0:04
debt which means we're so responsive to
0:07
what the bond markets do. They have you
0:08
know the whip hand over the chancellor
0:10
at the moment and you can't get out of
0:12
that situation unless you reduce
0:14
point I was trying to make about the
0:15
budget was the most important thing in a
0:17
budget for economic growth I would argue
0:18
as well as some bits of tax reform is to
0:20
ensure that you have one side equaling
0:23
the other. But you're right that
0:24
but they don't they don't add it up when
0:28
got exactly and the most important thing
0:29
is that we bring that down over the
0:31
medium term which we're set to be doing
0:33
faster than almost any other country uh
0:35
because of some of the decisions that
0:36
have been made in this budget because
0:37
we've been able to uh increase that
0:39
headroom. But you know the honest truth
0:41
is there are necessary but difficult
0:44
decisions in this budget. There were
0:45
last year there have been at many
0:46
budgets. We are projected, I'm sure
0:48
you've shown the chart, to have a
0:49
reasonably high tax burden as a
