Labour will fight against Tory tax cut plan, says shadow chancellor

The transcript critiques the government's response to the cost of living crisis, highlighting tax cuts for the wealthy and increased national debt. It discusses the breach of fiscal rules and significant borrowing, leading to market instability and rising import costs. The speaker opposes trickle-down economics and calls for action against these policies, emphasizing the negative impact on ordinary citizens.

What was the response to the cost of living crisis mentioned in the text?

What were the consequences of the tax cuts for the wealthiest 1%?

How did the financial markets react to the government's fiscal decisions?

What alternatives to tax cuts for the wealthy were suggested in the text?

What is the speaker's stance on trickle-down economics?