Economic Stability

Part of Treasury – in the House of Commons at on 3 September 2024.

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Photo of Tulip Siddiq Tulip Siddiq The Economic Secretary to the Treasury

The Government are already taking action to fix Britain’s economic foundations, with a new approach to growth with three pillars: stability, investment and reform. Sustainable public finances are necessary for economic stability and long-term growth, and the Government will set out the difficult decisions needed to secure the public finances in the Budget on 30 October. The Government have already announced a fiscal lock to support policy stability by ensuring that fiscally significant announcements are subject to an independent Office for Budget Responsibility assessment.