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TRANSCRIPT OF THE PRIME MINISTER'S BROADCAST ON ECONOMIC POLICY

FRIDAY 30 JUNE 2000

In a few week's time, Gordon Brown will announce to Parliament and the country the Government's spending plans for the next three years.I can't, of course, reveal the details here.But I can say that this Comprehensive Spending Review, as it's known, will deliver sustained extra investment to continue modernising and improving our key public servicesand be confident we can deliver it over the next three yearsthe lowest at the present time in the whole of Europeat least in partand particularly the scandal of long term youth unemploymentnot on the basis that we're planning to do it which is sustainable increases, year after year after year.The first responsibility of any Government is to run the economy competently.It is the first responsibility because it's the foundation on which everything else is built.And I promise it's a responsibility this Government will carry out.And we'll carry it out because otherwise the good things we want to spend money on, the public services we need, the facilities and help that people want, simply can't be provided.There is a new economic policy in this country today.It's a foundation of economic stability and sound public finance, and built on that are strong public services.We intend and will do both.