Being ‘true to Labour’s values’ means controlling spending, says Healey – UK politics live

Chancellor says there’s ‘nothing progressive’ about government spending £1 in every ten on debt interestChancellor to argue UK economy can ‘turn corner’ despite bond market turmoilHealey says he wants to make ‘Great Britain growth Britain again”.Fiscal credibility is indivisible from growth.It was the heart of those G20 discussions just the other day in North Carolina, because growth is the sustainable pathway out of indebtedness into prosperity.On my first day in the Treasury, I said that fiscal discipline was my first priority of chancellor. It underwrites every promise this government makes.And the prime minister and I are in lockstep in our commitment to meeting the fiscal rules at the upcoming budget, to balancing the books with a buffer to protect against uncertainty, to controlling borrowing to bear down on inflation, and reducing long term pressures on our public finances. Continue reading...