RISHI Sunak today assured Brits there was “hope” as he promised to help “hundreds of thousands” into new jobs – but hinted that tax rises must come to help balance the books in the “medium term”.
In an optimistic message to the Tory party conference today, the Chancellor paid tribute to Boris Johnson, saying he “has got it right and we need that leadership” during the crisis.
He insisted that the Conservatives “stood between the people and the danger and we always will”, listing his string of ambitious policies he’s brought in to help the economy cope with the coronavirus crisis.
And he vowed there was always hope – even if it did not feel like it right now.
He said this afternoon: “Even if this moment is more difficult than any you have ever faced, even if it feels like there is no hope, I am telling you that there is, and that the overwhelming might of the British state will be placed at your service.
“We will not let talent wither, or waste, we will help all who want it, find new opportunity and develop new skills.
“Through more apprenticeships, more training and a lifetime skills guarantee.
“Our Kickstart Scheme will help hundreds of thousands of young people into good quality work.”
He vowed he would “not give up, no matter how difficult it is” as “the British people and British businesses won’t give up.”
But he admitted that the country was only “part way through this crisis” and more pain was to come.
He warned that “hard choices are everywhere” and the Government must balance the books in the years to come.
The Chancellor promised: “We will protect the public finances. Over the medium term getting our borrowing and debt back under control.
“We have a sacred responsibility to future generations to leave the public finances strong, and through careful management of our economy, this Conservative government will always balance the books.
“If instead we argue there is no limit on what we can spend, that we can simply borrow our way out of any hole, what is the point in us?
“I have never pretended there is some easy cost-free answer.
“Hard choices are everywhere.”
It means tax rises and cuts to public services are near-inevitable in the coming years to pay back the £200billion the Chancellor has spent on the reaction to coronavirus.
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