another economic crisis of some short, weather it s a recession or a banking crisis or insurance, who knows what it will be. the question is, do you have the spare capacity to suddenly borrow another ten, 15, 20% of your gdp to help your country and help people through it? that was very much in my mind when we took the plan to reduce the budget deficit and get the net gdp ratio under control, because that s the responsible thing to do. the second answer is, in the national risk assessments, there s quite a lot of material about national business resilience planning, working out, if you had a pandemic flu, and even with the pandemic flu we were looking at which had hundreds of thousands of deaths and a huge affect on the economy, what do you do to help the various sectors of the economy to recover? to that
updated and i am sure future plans will, but asked me, did you understand, tojudge government understand, to judge government understand, tojudge government understand the importance of trying to lift people out of poverty and into work and into prosperity, absolutely, that s what the whole plan was about. over my period of government, in the g7, in america coming after america, we had the fastest growth in gdp. your health system is only a strong as your economy, one pays for the other. she acce ted economy, one pays for the other. she accepted that if a strong public health accepted that if a strong public health system is to be nurtured.? ithink health system is to be nurtured.? i think we health system is to be nurtured.? i think we need to improve the way we look at pandemics and the way we plan our resilience because, while i ve said the architecture was their understructure was better, the involvement of ministers was better,
preparing and capacity, the real issues which preparing us for a public health emergency needs to address customer not papers emergency needs to address customer not papers and guidelines and protocols, but action to remedy fundamental problems. well protocols, but action to remedy fundamental problems.- protocols, but action to remedy fundamental problems. well i think what is needed fundamental problems. well i think what is needed to fundamental problems. well i think what is needed to prepare - fundamental problems. well i think what is needed to prepare for- fundamental problems. well i think what is needed to prepare for a - what is needed to prepare for a pandemic is, first of all, you have got to have that overall economic capacity, as george osborne puts in his statement, without our action we could have had a trillion of extra debt. and as well as a coronavirus crisis, a public health crisis, you would also have a financial, economic and fiscal crisis at the same time
or have while in government make any plans or have any while in government make any plans or have any conversations about what a furlough or have any conversations about what a furlough might look like, about what a furlough might look like, about what an a furlough might look like, about what an economic plan might look like. what an economic plan might look like. where what an economic plan might look like, where those discussions had? i can t remember every discussion i had to but i have seen in the national risk assessment those sorts of things are looked out and obviously, in government, when we were looking at the threat of pandemics or terrorist attacks or the threat of a major terrorist attack that could take out a whole city, what would you do in order to keep the economy going and help people, yes, we did have those conversations. conversations. what i am specifically conversations. what i am specifically asking - conversations. what i am specifically asking ab
thank you. reducing the deficit and placing debt as reducing the deficit and placing debt as a reducing the deficit and placing debt as a percentage of gdp on a downward debt as a percentage of gdp on a downward path was also essential to rebuild downward path was also essential to rebuild fiscal space to provide scope rebuild fiscal space to provide scope to rebuild fiscal space to provide scope to respond to future economic shocks scope to respond to future economic shocks a scope to respond to future economic shocks. a responsible approach to repairing shocks. a responsible approach to repairing the uk s public finances are following the financial crisis was essential. i have no doubt that taking was essential. i have no doubt that taking those steps to repair the uk s taking those steps to repair the uk 5 public taking those steps to repair the uk s public finances in the years following s public finances in the years following the financial crisis of