00:00We are setting out how we're going to make £36 billion worth of savings.
00:03The reason we're doing this, first and foremost, is because the welfare bill is ballooning.
00:08It's going up under this government to over £200 billion a year,
00:12clearly a huge amount of money, extra £60 billion increase under Labour.
00:18The country cannot afford that. We've got to get that down so we can start cutting taxes,
00:24putting the economy, spending 3% of GDP on defence.
00:26But I should also say that we should make welfare reform and welfare savings the right thing to do in
00:32its own right.
00:33It's the morally right thing to do.
00:35Because we have people who could and should be working but who are better off on benefits at the moment,
00:40we have to change that.
00:42And for the sake of the taxpayer who's saying, why do I bother, we have to reform this system.
