00:00Well, as I say, who's going to pay for it? And the reality is that, as he's admitted, he says
00:05in one hand, pensioners will be protected as they are today.
00:08But in the same breath, he's saying this, it creates headroom, so effectively spending cuts of 15 billion pounds a
00:17year.
00:17So you can't be both ways. Somebody's paying for that 15 billion pounds. It's going to be pensioners.
00:22So that's the reality. If you make the changes he's going to make to the triple lock, it means that
00:28rising pensions in the future will be lower.
00:32That's the reality. And many of us remember Gordon Brown's famous, infamous 75p a week increase in the pensions years
00:41ago.
00:41And that's why the triple lock was devised in the first place. So we think this is the wrong set
00:46of priorities.
00:47It's kicking the can down the road. It's in the next parliament, not in this parliament.
00:52Yet we've got some urging spending needs right now. We need to fund our defence properly.
00:57And this is really urgent. We have threats from Russia, from Iran, from China.
01:01We need to spend the money today. We can find the savings to do that by reforming welfare today.
01:08Andy Burnham yesterday in his speech specifically said he wasn't going to cut welfare.
01:14No crude cuts to welfare, he said.
