Pre-Budget Report

Yes. I believe that it is affordable. To put it another way, I share the view held by many that if we do not put this money into the economy now, the recession that we will face will be longer and deeper than it would otherwise be, and a greater cost will be paid, not only by the country as a whole but by every man, woman and child in this country. I am not prepared to take that risk. I believe that the Government have a responsibility to support people and to support businesses, and I believe that through the measures that I have announced today—substantial measures that will bring the budget back into current balance—it is affordable. The two objectives I had were to support the economy now and to ensure that we can live within our means in the medium term, and both those things are eminently deliverable.