Fiscal Rectitude News Today

hes the education secretary, kit malthouse. four years before then he did more junior roles, having been deputy to borisjohnson, not as prime minister, but when he was mayor of london. kit malthouse is seen as a fixer. he becomes the fifth education secretary in a little over a year, a sign ofjust how unstable politics has been. kit malthouse, welcome to political thinking. thank you. im flattered to be here. well, its been a roller coaster ride this week, hasnt it? it has been a chal...

memorials have been held across indonesia for the deceased. the british prime minister has admitted her governments mini budget that sparked turmoil on the financial markets could have been handled better. liz truss has remained defiant as senior conservatives criticised the fiscal event. now on bbc news, political thinking with nick robinson. welcome to political thinking, a conversation with rather than an interrogation of someone who shapes our thinking about what has shaped theirs....

now on bbc news, political thinking with nick robinson. welcome to political thinking, a conversation with, rather than an interrogation of, someone who shapes our thinking about what has shaped theirs. well, you know what they say about a week in politics. what a long time this week has felt since that budget that was officially not a budget. weve seen the pound go down, interest rates go up, mortgages being cancelled, and billions and billions and billions of pounds being spent by th...

Sense of a fiscal plan will be enough to keep a cap on where interest rates are going. as we are seeing are so important for them. is this big increase in interest rates meant notjust mini budget, that is what is driving nearly all the problems they have got? looking at the buduet problems they have got? looking at the budget here, _ problems they have got? looking at the budget here, the _ problems they have got? looking at the budget here, the cost _ problems they have got? looking at the budg...

It was really simple budgets. well, look, when i was a backbencher on the treasury select committee, i we used to complain about the fact that we had too many fiscal events. but, you know, times change. and when youre in a situation of volatility like that, its critical. but, you know, chris philp, chief secretary, was out saying, you know, fiscal rectitude and discipline still remains at the heart of what we want to do. its a very important message for the market and the world to understand. bu...

I we used to complain about the fact that we had too many fiscal events. we used to complain about the fact that we had too many fiscal events. but, you know, times change. and when youre in a situation of volatility like that, its critical. but, you know, chris philp, chief secretary, was out saying, you know, fiscal rectitude and discipline still remains at the heart of what we want to do. its a very important message for the market and the world to understand. but if you look at some of the s...

Were not allowed to call a budget. so that that awful phrase, no, its not yours. fiscal rectitude. in other words, what we used to call sound money, making the numbers add up was clear to the markets there and then. well, you would like to think, wouldnt you, the conservative party in charge and i speak as a chartered accountant, that would be a given. and maybe thats one of the reasons why were surprised that people are surprised. it is a given that, you know, our job is to make the books balan...

Its a very important message for the market and the world to understand. but if you look at some of the stuff that was was announced last friday, particularly the i mean, the technical word is supply side, but actually its measures to make it easier for people to go to work. easier to make wealth. easier to save money you to spend money. and to spend money. you know, all those kind of things are are coming down the track over the next few weeks. and im hopeful that all of that will hang together...

Days and thats what she did. so while obviously the the market reaction is something that we have to pay attention to and understand and address, and i know that the treasury and bank of england are working closely together. yeah, i remain surprised that people are surprised. has it been too quick? in other words, has there been not enough explanation to the markets? well, i think there was a to be fair, i think there was a sense of a need of urgency to address, you know, the very real anxiety i...

Liz Truss is set to succeed Boris Johnson as the UK’s prime minister in a top switch that had much to say about parliamentary democracy, pitching fiscal rectitude and fostering diversity