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Need _ this is the right tool kit that you need to— this is the right tool kit that you need to deploy to bring inflation down _ need to deploy to bring inflation down but — need to deploy to bring inflation down but we need to continue to stick— down but we need to continue to stick to— down but we need to continue to stick to the course and that is not easv _ stick to the course and that is not easv it _ stick to the course and that is not easy. it involves difficult decisions but these are the right long-term — decisions but these are the right long—term decisions for the countr...

Labour. — they will always have access to labour, and they are talking about a better— labour, and they are talking about a better trade deals for farmers, where — better trade deals for farmers, where they recognise high standards, but they— where they recognise high standards, but they sure as hell have not delivered _ but they sure as hell have not delivered on that so far. gk. but they sure as hell have not delivered on that so far. ok. so you welcome those _ delivered on that so far. ok. so you welcome those proposals, - delivered on that so far. ok. so you welcome those proposals...

Mortgaging, that may not lead to growth and we may actually do less in terms of spending and investment.— and investment. this is the problem. _ and investment. this is the problem, essentially, - and investment. this is the problem, essentially, that| and investment. this is the i problem, essentially, that you have the two key policy levers, fiscal policy, monetary policy, government spending and taxation versus interest rates, acting in the opposite direction, and the extent of the tax cuts, the extent of the fiscal stimulus that has been announced, not only means that the bank of england...

And other things viable you need to have the price of oil high. it drives up prices by design. so they are where they are as a result of the way they used their policy levers and now he has a political problem. >> harris: when you say by design it's a dagger to the heart. people don't want to hear that. they don't want to hear they are being manipulated for a political cause but they need to hear it from you because it's the truth. >> it is not manipulation. it's a policy choice. democrats believe that global warming, climate change is such a problem they have to drive up the price of oil and ...

Have made choices which close the gap, they have widened here. let's give one little example of policy levers which is spending on transport. i will show you a chart here which are treasury numbers, showing just how much per head is spent in yorkshire and humber on transport, £309. it is nearly treble in london, £882. there are reasons why you would expect that, london has a bigger transport system, a bigger population. but the logic, you spend more and the system gets bigger, that is why you get divergence. the government says it wants to bridge the gaps. it doesn't wants to bridge the gaps...