RISHI Sunak today vowed to repair the black hole in the nation’s coffers so he can cut taxes.
In his first live conference speech the Chancellor turned OFF the spending taps and called time on “immoral” government borrowing.
After controversial national insurance hikes and unprecedented cash-spraying during the pandemic Dishi Rishi served up some red meat to the assembled Tory faithful in Manchester.
He told a rammed room of rank-and-file Tories: “I want to cut taxes – but in order to do that our public finances must be put back on a sustainable footing.”
NO ‘IMMORAL’ BORROWING
The belt-tightening breaks with 18 months of enormous spending on pandemic packages like furlough that blew a hole in the nation’s coffers.
Bringing down the house with a commitment to Tory values, he said: “I believe in fiscal responsibility.
“Just borrowing more money and stacking up bills for future generations to pay is not just economically irresponsible – it is immoral.”
“Because it’s not the state’s money – it’s your money.”
Setting out the scale of the nation’s financial woes Mr Sunak reminded Brits that the national debt was sky high.
SILICON RISHI
The Instagram-loving Chancellor said Britain could learn lessons from Silicon Valley techies.
He said: “The years I spent in California left a lasting mark on me: working with some of the most innovative and exciting people in finance and technology.
“Watching ideas becoming a reality, seeing entrepreneurs build new teams.
“It’s not just about money. I saw a culture, a mindset which was unafraid to challenge itself, reward hard work and was open to all those with the talent to achieve.”
