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  • 6 weeks ago
Chancellor John Healey says, ‘balancing the books with a buffer to protect against uncertainty’ is his priority as UK long-term borrowing costs rose to the highest level since 1998 last week. Report by Louisc. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

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00:00And on my first day in the Treasury I said that fiscal discipline was my first
00:06priority of Chancellor. It underwrites every promise this government makes and
00:13the Prime Minister and I are in lockstep in our commitment to meeting the
00:17fiscal rules at the upcoming budget. To balancing the books with a buffer to
00:23protect against uncertainty. To controlling borrowing to bear down on
00:28inflation and reducing long-term pressures on our public finances. And this
00:35isn't about lines on a graph or numbers on a spreadsheet. It's a matter of values.

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