John Healey: “It’s the bedrock for economic stability.”

People recognise these times that are tough for everyone, and what they do expect of a government is to manage with the budgets we've got, deliver the public services they need, and that's the challenge.

We will meet those fiscal rules, and I think one of the hallmarks of the IMF’s backing of our fiscal plans is recognition that there isn’t just a forecast for the future, but there’s some evidence of performance already.

It's really tough in the face of these economic global shocks

It's a sign of resilience in the UK economy that some had not expected