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Hello and welcome to The Rest is Money with me, Steph McGovern.

And me, Robert Peston, in an unusual place.

Tell us where we are, Steph. Yeah, we're in Downing Street today, in number 11, in a rather grand room, one of the state rooms here,

because we are interviewing the Chancellor of the state rooms here, because we are interviewing the

Chancellor of the Exchequer, Jeremy Hunt, aren't we?

We are surrounded by wood panelling and the typical Downing Street flags.

There's a portrait of a young Winston Churchill on the wall.

It's giving me a bit of interior inspiration in here, actually. Quite like the

calving. God, I didn't think of you as such a traditionalist. But anyway, um, I'm dead posh me.

We know you're posh. So we wanted to talk to the Chancellor about, well, there's loads to talk to him

about his, his own business ventures. And then we've been talking a lot about productivity.

That is the amount that each of us produces in the economy because that's directly linked to our

living standards.

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