First public statement from the new Chancellor, Jeremy Hunt MP

The transcript discusses the role of governments in managing market volatility and the impact of instability on prices, mortgages, and pensions. It outlines the need for difficult fiscal decisions to reduce debt and emphasizes the importance of protecting the vulnerable. The UK's long-term economic prospects are highlighted, with a focus on growth, confidence, and stability. The government is committed to making tough decisions to ensure economic sustainability.

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