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Official Prime Minister's Questions (PMQs) Podcast

Autumn Statement - Wednesday 22 November 2023

Official Prime Minister's Questions (PMQs) Podcast

UK Parliament

Government

4.591 Ratings

🗓️ 23 November 2023

⏱️ 52 minutes

🧾️ Download transcript

Summary

The Autumn Statement is an update on the Government's taxation and spending plans for the economy. The statement usually takes place in October or November, and is delivered by the Chancellor of the Exchequer in the Commons. After the Statement is delivered, the Shadow Chancellor will respond, followed by a representative for the Scottish National Party. The Chair of the Treasury Committee is often called to respond at this point too. MPs will then debate the Autumn Statement for three days.

Transcript

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0:00.0

I now call the Chancellor to make the autumn statement.

0:03.0

Turn about.

0:04.0

I come today with good news.

0:08.0

It's my wife's birthday and unlike me, she's looking younger every year.

0:14.0

I turn to the statement.

0:19.0

I'm not. I turn to the statement.

0:34.3

After a global pandemic and energy crisis, we have taken difficult decisions to put our economy back on track.

0:40.3

We've supported families with rising bills, cut borrowing and halved inflation. Rather than a recession, the economy has grown. Rather than falling as predicted, real incomes

0:47.3

have risen. Our plan for the British economy is working, but the work is not done. Others proposed a more short-term

0:57.0

approach, but we have not made unaffordable pay offers to the unions. We have not stopped

1:04.3

new oil and gas exploration, and we have not increased borrowing by £28 billion a year.

1:11.4

That would have pushed inflation up just when we need to bring it down.

1:18.2

Instead, under this Prime Minister, we take decisions for the long term.

1:22.7

In today's autumn statement for growth, our choice is not big government, high spending and high tax,

1:32.5

because we know that leads to less growth, not more.

1:37.3

Instead, we reduce debt, cut taxes and reward work.

1:42.3

We deliver world-class education. We build domestic, sustainable energy,

1:48.2

and we back British business with 110 growth measures. Don't worry, I'm not going to go through

1:54.5

them all. But in summary, they remove planning red tape, they speed up access to the national grid,

2:08.6

they support entrepreneurs raising capital, they get behind our fastest growing industries,

2:13.6

they unlock foreign direct investment, boost boost productivity, they reform welfare, they

2:18.4

level up opportunity to every corner of the country, and they cut business taxes.

...

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