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

The video discusses the UK's economic progress and the importance of a strategic approach to Brexit negotiations. It critiques the Labour Party's economic policies, highlighting the need for credible plans to ensure financial stability. The video concludes with an emphasis on addressing economic challenges to secure a prosperous future for the next generation.

In what way does the speaker suggest that families across the United Kingdom are affected?

What are the consequences mentioned in the text of not addressing the growing deficit and debt?