Starmer Refuses to Commit to Keeping Reeves’ Fiscal Rules Unchanged – Guido Fawkes

“Well, this is a moment for stepping up, as I’ve just said, the fiscal rules were put in for a purpose. And that is because Liz Truss tried an experiment with this country, of putting to one side fiscal rules and checks and balances, and that caused a massive impact on the lives of working people. As inflation and interest rates went through the roof, we are not prepared to inflict that kind of damage on working people.

That’s why we put the fiscal rules in the first place to create that kind of, stability. It’s why we were able to invest the budget, and set out, as we did, the steps for the future in the spring statement. Now is the time to build on that. What we’re saying about security, for our economy, is what we were saying going into the election, what we set out the other side, but now we’ve got to turbocharge it and link it to the other measures for lowering trade barriers.

So, the reaction to the challenges of the last few days is not for us to say, well, the first thing we’ll now do is to put on one side our fiscal rules is to remind people why we put them in place in the first place, which is to create the certainty that we need. There is enough and certain uncertainty and insecurity as it is. Our job is to calmly and pragmatically, take forward these really important steps today for our country.”