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Video: Rachel Reeves admits she was wrong about taxes during election campaigning
The Independent
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11/3/2024
Sunday Morning with Trevor Phillips, Sky News
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00:00
I was wrong on the 11th of June, I didn't know everything because when I
00:06
arrived at the Treasury on the 5th of July, so just under a month after I said
00:12
those words, I was taken into a room by the senior officials at the Treasury and
00:18
they set out the huge black hole in the public finances beyond which anybody
00:23
knew about at the time of the general election because the previous
00:27
government hid it from the country, they hid it from Parliament and indeed they
00:31
hid it from the official independent forecast of the Office of Budget
00:35
Responsibility and so when I went into that budget last week I had to put our
00:42
public finances back on a firm trajectory because we saw in the
00:46
previous Parliament what happens when government loses control of the public
00:49
finances and the first commitment we made in our manifesto was to bring
00:54
stability back to the economy.
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