Bridget Phillipson told Sky News:”We know that we’re entering a challenging period and a trade war with the US would be in no one’s interests. We believe we are in a strong position to strike that kind of deal.”
Asked whether the Government would consider abandoning its fiscal rules in the event of exceptional trade circumstances, she said: “I’m not going to speculate on hypotheticals, not least because those negotiations are still under way.
“We’re working incredibly hard to secure a deal that’s in Britain’s national interest, but fiscal rules do matter.
“They matter because we have to demonstrate that we have a clear sense about how we manage the public finances.
“I think your viewers will have seen in recent years with the Liz Truss government, what happens when you have a government that doesn’t have a grip on the public finances and isn’t prepared to make choices about priorities, and our fiscal rules are important, and they do matter.”
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2025-04-02 02:27:00
