RISHI Sunak today vowed to patch up the black hole in the nation’s coffers without “immoral” borrowing so he can cut taxes.
In his first live conference speech the Chancellor braced Brits for belt-tightening as he aimed to drag the country’s bank balance out of the red.
After controversial national insurance hikes 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.”
The Cabinet big beast also hit back at accusations ministers had abandoned Conservative principles by hiking taxes to fund huge spending sprees.
Taking aim at Labour he said: “Whilst I know tax rises are unpopular – some will even say un-Conservative – I’ll tell you what is un-Conservative: unfunded pledges, reckless borrowing and soaring debt.”
NO ‘IMMORAL’ BORROWING
The spending regime 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.”
