Theresa May warns Boris Johnson not to abandon 'restraint and caution' in public spending

Theresa May, UK's former Conservative prime minister, has been speaking in today's budget debate and, while she did not explicitly criticise the government for spending too much, she urged the government not to abandon “restraint and caution”.



She told MPs:


I trust in the discussions that were held prior to the delivery of the budget that there was the necessary tension between No 10 and the Treasury in developing this budget.

Generally speaking, prime ministers want to spend money and chancellors want to manage the public finances prudently.


So while spending a lot of money may be popular and may seem the natural thing to do, there is of course that necessity of having a realistic assessment of the longer-term impact of those decisions, the longer-term consequences, and a necessity to ensure that we have that restraint and caution that enables us to make the public finances continue to be strong into the future.


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