00:00I'm going to set out the fiscal rules today. I actually don't think that that would win me credibility,
00:03setting out something where we could have a general election in, you know, November,
00:07or it could be in two and a half years' time.
00:09But I obviously believe in a fiscal framework, and we will set that out prior to the general election.
00:16But presumably you want the national debtors share to give you to decline from where it's today.
00:20You want to see it decline, absolutely.
00:22And I think you can see my thinking in the fact that, firstly, before I turn to tax cuts,
00:30we set out the spending reductions, and that as a kind of balance between what we're talking about,
00:38you know, we're saying £80 billion of savings, and we've been talking in the region of £20 billion,
00:48£25 billion of tax cuts targeted on the parts of the economy that we get most at work, for example.
00:54So that's the kind of ratio that we're looking at.
00:56So the overwhelming majority of the savings are going to be about ensuring that we borrow less as a country.
