UK 2017 General Election - Conservatives May and Hammond economic press conference

The transcript discusses the importance of balancing the national budget by living within means, emphasizing a sensible and measured approach. It highlights the need to balance deficit reduction with investment in the economy and public services. The transcript contrasts the tax policies of different political parties, noting that conservatives favor lower taxes while Labor supports higher taxes.

What is the Prime Minister's stance on balancing the budget?

• It should be done sensibly and measuredly.

• It is unnecessary.

• It is only important during economic growth.

• It should be done immediately without consideration.

Why is it important to balance deficit reduction with investment in the economy?

• To ensure economic growth and support public services.

• To reduce government spending.

• To increase taxes.

• To eliminate public services.

What is the Labor party's approach to taxes?

• They believe in reducing taxes.

• They believe in increasing taxes.

• They have no clear stance on taxes.

• They believe in maintaining current tax levels.

How do conservatives view taxation?

• They support high taxes.

• They believe in fluctuating tax rates.

• They aim to keep taxes low.

• They are indifferent to tax levels.

What is the primary goal of the conservative party regarding taxes?

• To increase taxes for public services.

• To maintain high tax rates.

• To eliminate taxes altogether.

• To ensure taxes are as low as possible.