Chancellor promises to end ‘years of instability’
Rachel Reeves pledges to end "years of instability" as she addresses business leaders at the government's International Investment Summit. The chancellor says, "today, at this summit, we are sending a message for all to hear” and insists, “Britain is open for business once again”. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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00:00Today at this summit we are sending a message for all to hear. We're ending years of instability
00:07and uncertainty. We are bringing investment and jobs back to this country. Britain is open for
00:14business once again. Now I understand that for every business stability is the foundation of
00:24success. In the next fortnight I will be finalizing my first budget as Chancellor of the Exchequer
00:33and the situation that we have inherited mean that we face difficult choices.
00:40The first step that we must take to grow our economy is to restore fiscal and economic
00:46stability because balancing the books by ensuring that we do not borrow for day-to-day spending
00:53is not anti-investment. In fact it is the only way to ensure that government
00:58and business can invest with confidence.