The PM will have to turn 'theory' of growth into a concrete planpublished at 18:04 BST
Faisal Islam
Economics editor
Image source, UK ParliamentThe prime minister made clear that more help would be on its way with the cost of living saying "life is too expensive and too hard for too many", as he acknowledged relatively modest moves made over summer as "a little breathing space".
He said it was important to be "blunt" about economic policies that had failed to lift growth and living standards, and that he had a "clear theory of growth" learning from what he achieved in Greater Manchester.
This he says, shows the value of more "public control". The PM will have to flesh out exactly how that translates into real and sustained growth, and how, for example, he can fund infrastructure spending and cost of living support.
Around the world there are warning lights flashing from the markets for government debt.
It isn’t just about a convincing Budget next month. He will have to turn his "theory" of growth into a convincing and concrete plan in the coming weeks.












