Is there really no money left?
This Is Why
Sky News
4.0 • 552 Ratings
🗓️ 29 July 2024
⏱️ 20 minutes
🔗️ Recording | iTunes | RSS
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Summary
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In the Commons, she set out her plans to address the funding shortfall through spending cuts, as shadow chancellor Jeremy Hunt accused Labour of using the statement to lay the groundwork for a U-turn on tax rises in the October budget.   Â
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On the Sky News Daily, host Liz Bates is joined by deputy political editor Sam Coates to look at Labour’s messaging on the state of public finances, and breaks down the numbers with our business correspondent Paul Kelso.Â
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Producers: Rosie Gillott Â
Editor: Philly Beaumont  Â
Promotion producer: David Chipakupaku  Â
Transcript
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| 0:00.0 | Before history was written, his name was carved in stone. |
| 0:05.0 | Now witness the legacy of Ramesses the Great. |
| 0:09.0 | 180 priceless treasures direct from the Egyptian Museum, Cairo, |
| 0:15.0 | in the UK for the first and only time. |
| 0:18.0 | Ramesses and the Pharaoh's gold, the Exhibition, at Battersea Power Station. |
| 0:23.6 | Book now at Ramesses the Exhibition.co.uk |
| 0:28.6 | Add water to your will. |
| 0:31.6 | And know that from that single drop, life will grow. Communities will flourish. A better world will be left. |
| 0:43.3 | By leaving a gift in your will to Water Aid, you'll help bring essential clean water to people who need it, |
| 0:49.3 | to change their own lives for generations to come. Add Water Aid to your will. |
| 0:55.7 | Search WaterAid legacy to find out how. |
| 0:59.8 | The UK has its first female chancellor, and today she had her first big moment. |
| 1:08.4 | Rachel Reeves stood up in the House of Commons to accuse the Conservatives of a cover-up, |
| 1:13.4 | a 22 billion-pound black hole in the public finances that she says came as a complete surprise, |
| 1:19.9 | leaving a financial mess that she will have to clean up. |
| 1:22.6 | If we cannot afford it, we cannot do it. |
| 1:26.6 | So much for all those election campaign promises. |
| 1:30.6 | The man supposedly responsible was sitting opposite looking pretty annoyed. |
| 1:35.3 | The now shadow chancellor Jeremy Hunt accused her of playing politics. |
| 1:38.9 | That's why today's exercise is not economic, it's political. |
| 1:44.4 | Something he has presumably never done. |
| 1:48.5 | I'm Liz Bates and on today's daily, was this all just a political performance designed to give the new government an excuse to make cuts and raise taxes? |
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