Because if you lose control of the public finances, it is ordinary working people and businesses who pay the price with higher inflation, higher taxes and indeed higher interest rates.
Editor's note · Context
Chancellor emphasizing the importance of fiscal discipline.
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Don't cry on national television. That was probably my toughest moment, or perhaps even tougher, seeing the photos of me crying on national television on the front page of pretty much every newspaper the following day
I wanted to restore stability to the economy, I wanted to induce investment, both public and private, into the economy, and I wanted to change how the economy works with a regulatory burden that is fairer and more efficient.
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