The Chancellor warned the public finances must be balanced and there are ‘hard choices everywhere’ in his address to the virtual Tory conference
Chancellor Rishi Sunak today warned ‘hard choices’ lie ahead in a gloomy warning at the end of his Tory conference speech.
Boris Johnson’s right-hand man proclaimed “there is hope” in a virtual address to the party faithful – but signalled he will need to raise taxes or cut spending to pay for it.
The Chancellor warned: “We will protect the public finances, over the medium term getting our borrowing and debt back under control.
“We have a sacred responsibility to future generations to leave the public finances strong, and through careful management of our economy, this Conservative government will always balance the books.
“If instead we argue there is no limit on what we can spend, that we can simply borrow our way out of any hole, what is the point in us?
“I have never pretended there is some easy cost-free answer.Hard choices are everywhere.”
