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welcome to bbc news. the chancellor, phillip hammond, has rounded on what he s described as voices calling for massive borrowing to fund huge spending sprees . writing in the sunday times before delivering the budget on wednesday he has argued that although the economy has proven to be robust, there s still a need for fiscal discipline as the country prepares for brexit. with me now is our news correspondent susana mendonca. what is heard what is he actually saying? people who say he should be spending more and not careful enough. we know he is aware of what the potential impact of brexit may be. in his autumn statement last week he talked about having a pot of money aside in preparation for that. what is said in this article is that britain has been remarkably resilient thus far but we can t be complacent and we should not be reckless and should basically be planning for the future and should not spend beyond their means. people will remember that his predecess ....
of british soldiers and sailors killed on the normandy beaches. and in boxing, tony bellew, upsets the odds by beating david haye, in a thrilling heavyweight contest in london. good morning and welcome to bbc news. the chancellor, phillip hammond, has rounded on what he s described .he . he wants to increase fiscal discipline. increase fiscal discipline. speaking to the bbc‘s andrew marr show before delivering the budget on wednesday he has argued that although the economy has proven to be robust, there s still a need for fiscal discipline as the country prepares for brexit. with me now is our political correspondent susana mendonca. he put great emphasis on skills training and one submitted on the same basis as academic training. we know that the government is very focused upon improving productivity and making sure we have the workforce needed after we brexit from the european union to be able to do thejobs. from the european union to be able to do the jobs. that is ....
that s in half an hour, here on bbc news. good morning and welcome to bbc news. the chancellor, philip hammond, has said he wants to maintain fiscal discipline and reduce borrowing in his budget on wednesday. speaking to the bbc‘s andrew marr show he argued that there needs to be reserves in the tank . but the shadow chancellor said that if the economy grew at a faster rate, more money should be invested in public services. susana mendonca said he has made it clear he doesn t want to go on any spending spree. wants to go on any spending spree. wants to make sure there is enough money to make sure there is enough money to give him the flexibility in dealing with any uncertainty with brexit. when people ask him to spend more on social care, there was no movement on that when he spoke to andrew marr earlier. he was keeping his cards close to his chest, but we don t expect him to be spending a great deal of money on wednesday. we are spending over £50 billion a year jus ....
uncertainty with brexit. when people ask him to spend more on social care, there was no movement on that when he spoke to andrew marr earlier. he was keeping his cards close to his chest, but we don t expect him to be spending a great deal of money on wednesday. we are spending over £50 billion a yearjust paying interest on our debt. that is more than we spend on overseas aid and defence together. this isn t money in a pot. what is being speculated on is whether we might not have borrowed quite as much as we were forecast to borrow and we will see the actual numbers on wednesday. andrew, if your bank increases your credit card limit, you don t feel obliged to spend every last penny of it immediately. it depends on your temperament. myjob is to ensure our economy is resilience, we have reserves in the tank so when we embark on the journey we take over the next couple of years, we are confident we have enough gas in the tank to see us through the journey. we heard how he ....
the chancellor is not planning to go on a spending spree. he is under pressure to put more money into the nhs, plug the growing funding gap in social care for the elderly and help small firms deal with rising business rates. but he is batting of suggestion there is a brexit war chest he can dip into. if your bank increases your credit card limit, you don t feel obliged to spend every penny immediately. it depends on your temperament. my job is to make sure the economy is resilient, we have reserves in the tank so as we have reserves in the tank so as we embark on the journey we have to ta ke we embark on the journey we have to take over the next couple of years, we are confident we have been of gas in the tank to see us through the journey. labour says the government doesn t understand the pressures facing those on low incomes. people need a pay rise. there should be a real living rage of £10 an hour. we can tackle tax avoidance which is on an industrial scale in this ....