We’ve written to the cabinet to say that if we’re serious about new priorities as a second-stage Labour government we have to be serious about – and they have to be serious about – reprioritisation of their plans, their budgets,
On budget cuts and reprioritization for new policies.
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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.
I want the budget to be a budget that gives Britain a bit of breathing space – but also reinforces the strength of our fiscal plans and the strength of our resilience and our economy for the future.
My observation on the banks is that people too often see them as big, distant financial institutions, when they are hardwired into the economic fabric of this country and our future prospects.
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