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Sound public finances are the essential foundation on which to construct a better-balanced economy from the wreckage of Labour's boom and bust. But it is economic growth that will create the jobs and the prosperity for the future and enable us to pay down Labour's debt.

All sensible politicians favor growth, just as we all favor sound public finances. Both can be achieved if we rationalize spending, invest available resources wisely, and clamp down on tax evasion.

If we don't get a grip on government spending, there will be no growth.

Sound money is the sine qua non of a prosperous society.

You don't grow the economy by growing government.

You can't fuel real economic growth with indiscriminate credit. You can only fuel it with well-allocated, long-term investment.

To simply argue that public spending must always go up and never be cut is irresponsible.

Borrowing and spending is not the way to prosperity.

The goal of long-run economic growth without asset price bubbles is not only achievable, but is something we should expect if we put a sound regulatory framework in place and if policymakers remain vigilant.