--- title: "Meaning & Key Takeaway of: Sound public finances are the essential…" description: "\"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 ..." image: "https://sms4smile.com/quotes/i/ec0/philip-hammond-22927_boom_sound-public-finances-are-the-essential_362447.jpg" --- # Sound public finances are the essential foundation on… ![“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.” quote by Philip Hammond](https://sms4smile.com/quotes/i/ec0/philip-hammond-22927_boom_sound-public-finances-are-the-essential_362447.jpg) [Download](https://sms4smile.com/quotes/i/ec0/philip-hammond-22927_boom_sound-public-finances-are-the-essential_362447.jpg) [Open image](https://sms4smile.com/quotes/i/ec0/philip-hammond-22927_boom_sound-public-finances-are-the-essential_362447.jpg) > “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.” [Philip Hammond](https://sms4smile.com/quotes/author/philip-hammond/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Strong public finances are the base for a balanced economy; growth creates jobs and allows debt reduction. **In simple terms:** Good finances enable growth, jobs, and debt payoff. Key Takeaway Prioritize fiscal stability. Themes economics public policy debt growth Mood analytical concerned Type political economic When to use this quote - government budgeting - investment decisions - long‑term planning Key Concepts fiscal responsibility economic development employment creation Questions to Reflect On - Can austerity be avoided? - What growth sectors should be targeted? A Different Perspective Growth may be slow despite solid finances. ★ ★ ★ ★ ★ No ratings yet [Economic growth](https://sms4smile.com/quotes/about/economic-growth/) [Economics](https://sms4smile.com/quotes/about/economics/) [Economy](https://sms4smile.com/quotes/about/economy/) [Finances](https://sms4smile.com/quotes/about/finances/) [Future](https://sms4smile.com/quotes/about/future/) [Growth](https://sms4smile.com/quotes/about/growth/) [Jobs](https://sms4smile.com/quotes/about/jobs/) [Labour](https://sms4smile.com/quotes/about/labour/) [Money](https://sms4smile.com/quotes/about/money/) [Prosperity](https://sms4smile.com/quotes/about/prosperity/) [Sound](https://sms4smile.com/quotes/about/sound/) [Wealth](https://sms4smile.com/quotes/about/wealth/) ## Related quotes > [Sound public finances are essential for our country's prosperity.](https://sms4smile.com/quotes/rachel-reeves/sound-public-finances-are-essential-for-our-country-s-prosperity/) [Rachel Reeves](https://sms4smile.com/quotes/author/rachel-reeves/) > [A more productive economy in the long term will bring us higher tax revenues, but that requires long-term investment in infrastructure and the skills…](https://sms4smile.com/quotes/jeremy-corbyn/a-more-productive-economy-in-the-long-term-will-bring-us-higher-tax/) [Jeremy Corbyn](https://sms4smile.com/quotes/author/jeremy-corbyn/) > [At a time of immense pressure on public finances, every tax break has to be carefully considered and fully justified.](https://sms4smile.com/quotes/rachel-reeves/at-a-time-of-immense-pressure-on-public-finances-every-tax-break-has/) [Rachel Reeves](https://sms4smile.com/quotes/author/rachel-reeves/) > [All sensible politicians favor growth, just as we all favor sound public finances. Both can be achieved if we rationalize spending, invest available resources…](https://sms4smile.com/quotes/victor-ponta/all-sensible-politicians-favor-growth-just-as-we-all-favor-sound/) [Victor Ponta](https://sms4smile.com/quotes/author/victor-ponta/) > [What would happen if the markets suddenly questioned our ability to keep public finances in check? What would be the effect on growth?](https://sms4smile.com/quotes/luis-videgaray-caso/what-would-happen-if-the-markets-suddenly-questioned-our-ability-to/) [Luis Videgaray Caso](https://sms4smile.com/quotes/author/luis-videgaray-caso/) > [We campaigned on the fact that we were going to have to take difficult decisions because of the state of the public finances. When…](https://sms4smile.com/quotes/theresa-may/we-campaigned-on-the-fact-that-we-were-going-to-have-to-take/) [Theresa May](https://sms4smile.com/quotes/author/theresa-may/) > [At a time when public finances are under huge strain, we surely do not need to pay celebrities to wax lyrical to mandarins. 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Because of my investment, we…](https://sms4smile.com/quotes/vincent-tan/one-day-we-are-a-hero-another-day-we-are-a-zero-without-me-cardiff/) [Vincent Tan](https://sms4smile.com/quotes/author/vincent-tan/) > [Flip that ! Bust that!](https://sms4smile.com/quotes/kevin-hart/flip-that-bust-that/) [Kevin Hart](https://sms4smile.com/quotes/author/kevin-hart/) > [Trust me I throw this back, she bust it like that Peter Pan.](https://sms4smile.com/quotes/wale/trust-me-i-throw-this-back-she-bust-it-like-that-peter-pan/) [Wale](https://sms4smile.com/quotes/author/wale/) ## More by Philip Hammond > [Scotland forms a crucial part of our Armed Forces which should not be jeopardised by rushed cuts or a rush to the exit from…](https://sms4smile.com/quotes/philip-hammond/scotland-forms-a-crucial-part-of-our-armed-forces-which-should-not-be/) [Philip Hammond](https://sms4smile.com/quotes/author/philip-hammond/) > [The North Koreans or Chinese may have a million men in uniform but it's about how you perform.](https://sms4smile.com/quotes/philip-hammond/the-north-koreans-or-chinese-may-have-a-million-men-in-uniform-but-it/) [Philip Hammond](https://sms4smile.com/quotes/author/philip-hammond/) > [It is not whether an independent Scotland could go it alone and develop its own defence forces - of course it could - but…](https://sms4smile.com/quotes/philip-hammond/it-is-not-whether-an-independent-scotland-could-go-it-alone-and/) [Philip Hammond](https://sms4smile.com/quotes/author/philip-hammond/) > [Many people in Britain will regard the end of combat in Afghanistan as a very good news story, but for many young men and…](https://sms4smile.com/quotes/philip-hammond/many-people-in-britain-will-regard-the-end-of-combat-in-afghanistan/) [Philip Hammond](https://sms4smile.com/quotes/author/philip-hammond/) > [When ministers in this government talk about investing in education and skills, about making the planning system work; about employment law reform and delivering…](https://sms4smile.com/quotes/philip-hammond/when-ministers-in-this-government-talk-about-investing-in-education/) [Philip Hammond](https://sms4smile.com/quotes/author/philip-hammond/) > [You shouldn't send people out to do a job which you cannot afford to equip them to do.](https://sms4smile.com/quotes/philip-hammond/you-shouldn-t-send-people-out-to-do-a-job-which-you-cannot-afford-to/) [Philip Hammond](https://sms4smile.com/quotes/author/philip-hammond/) > [We will build in Britain a cyber strike capability so we can strike back in cyber space against enemies who attack us, putting cyber…](https://sms4smile.com/quotes/philip-hammond/we-will-build-in-britain-a-cyber-strike-capability-so-we-can-strike/) [Philip Hammond](https://sms4smile.com/quotes/author/philip-hammond/) > [Britain is one of the world's most open economies. More dependent on trade than any other major country. Our success depends on our competitiveness…](https://sms4smile.com/quotes/philip-hammond/britain-is-one-of-the-world-s-most-open-economies-more-dependent-on/) [Philip Hammond](https://sms4smile.com/quotes/author/philip-hammond/) > [While I believe firmly in open markets and free trade, I also believe an open market needs a level playing field.](https://sms4smile.com/quotes/philip-hammond/while-i-believe-firmly-in-open-markets-and-free-trade-i-also-believe/) [Philip Hammond](https://sms4smile.com/quotes/author/philip-hammond/) > [There is a real sense of anger among many people who are married that the government, any government, thinks it has the ability to…](https://sms4smile.com/quotes/philip-hammond/there-is-a-real-sense-of-anger-among-many-people-who-are-married-that/) [Philip Hammond](https://sms4smile.com/quotes/author/philip-hammond/) > [More and more, modern warfare will be about people sitting in bunkers in front of computer screens, whether remotely piloted aircraft or cyber weapons.](https://sms4smile.com/quotes/philip-hammond/more-and-more-modern-warfare-will-be-about-people-sitting-in-bunkers/) [Philip Hammond](https://sms4smile.com/quotes/author/philip-hammond/) > [We have got this Damocles' sword of Standard and Poor's hanging over us, with the commitment they have made to review Britain's credit rating…](https://sms4smile.com/quotes/philip-hammond/we-have-got-this-damocles-sword-of-standard-and-poor-s-hanging-over/) [Philip Hammond](https://sms4smile.com/quotes/author/philip-hammond/) > [We ask the military to be in a position that, if we ask them to do a task, they are absolutely able to do…](https://sms4smile.com/quotes/philip-hammond/we-ask-the-military-to-be-in-a-position-that-if-we-ask-them-to-do-a/) [Philip Hammond](https://sms4smile.com/quotes/author/philip-hammond/) > [I remember the day after the general election when Harold Wilson had lost, I remember quite clearly cycling from my house in Hutton along…](https://sms4smile.com/quotes/philip-hammond/i-remember-the-day-after-the-general-election-when-harold-wilson-had/) [Philip Hammond](https://sms4smile.com/quotes/author/philip-hammond/) > [Historically, Heathrow has been something of a joke, outweighed by its excellent connections. We have to aspire to having an airport at Heathrow with…](https://sms4smile.com/quotes/philip-hammond/historically-heathrow-has-been-something-of-a-joke-outweighed-by-its/) [Philip Hammond](https://sms4smile.com/quotes/author/philip-hammond/) [Explore all 26 Philip Hammond quotes ](https://sms4smile.com/quotes/author/philip-hammond/) ## More Boom quotes > [The nice thing about working with BOOM! on 'Irredeemable' and 'Incorruptible,' man, was they let me have my head. No one said boo about…](https://sms4smile.com/quotes/mark-waid/the-nice-thing-about-working-with-boom-on-irredeemable-and/) [Mark Waid](https://sms4smile.com/quotes/author/mark-waid/) > [“Why live once when you can live forever.”](https://sms4smile.com/quotes/gerardo-delgado/why-live-once-when-you-can-live-forever/) Gerardo Delgado > [I've been in, like, kids' clubs... 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In short,…](https://sms4smile.com/quotes/anonymous/my-love-for-you-is-like-churvaness-eklavosh-churva-ek-ek-ratatat-boom/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Mindtree began as an internet systems integrator when the dot-com boom was going on.](https://sms4smile.com/quotes/ashok-soota/mindtree-began-as-an-internet-systems-integrator-when-the-dot-com/) [Ashok Soota](https://sms4smile.com/quotes/author/ashok-soota/) > [In one way an oil boom is a mighty bad thing, because it gets into your blood and almost becomes an obsession. Booms are…](https://sms4smile.com/quotes/sue-sanders/in-one-way-an-oil-boom-is-a-mighty-bad-thing-because-it-gets-into/) [Sue Sanders](https://sms4smile.com/quotes/author/sue-sanders/) > [The baby boom is about to become a patient boom.](https://sms4smile.com/quotes/dalton-mcguinty/the-baby-boom-is-about-to-become-a-patient-boom/) [Dalton McGuinty](https://sms4smile.com/quotes/author/dalton-mcguinty/) > [Boom Bang a Bang was a huge part of me, maybe a part that I didnt relish, and there might be psychological reasons for…](https://sms4smile.com/quotes/lulu/boom-bang-a-bang-was-a-huge-part-of-me-maybe-a-part-that-i-didnt/) [Lulu](https://sms4smile.com/quotes/author/lulu/) > [I think especially when the 'Fortnite' boom happened and my career started taking off, there was quite a bit of pressure.](https://sms4smile.com/quotes/pokimane/i-think-especially-when-the-fortnite-boom-happened-and-my-career/) Pokimane > [WOW shahid afridi man liya boss BOOM BOOM!](https://sms4smile.com/quotes/mishal/wow-shahid-afridi-man-liya-boss-boom-boom/) [Mishal](https://sms4smile.com/quotes/author/mishal/) > [“I think you underestimate the appeal of blowing shit up.”](https://sms4smile.com/quotes/debra-dunbar/i-think-you-underestimate-the-appeal-of-blowing-shit-up/) [Debra Dunbar](https://sms4smile.com/quotes/author/debra-dunbar/) > [In falling markets, there is nothing that has not happened before. The bear or pessimist sees only the past, which imprisons the wretched financial…](https://sms4smile.com/quotes/james-buchan/in-falling-markets-there-is-nothing-that-has-not-happened-before-the/) [James Buchan](https://sms4smile.com/quotes/author/james-buchan/) > [Sometimes you just need a spark, and then boom, boom, boom, now the bats come alive.](https://sms4smile.com/quotes/j-d-martinez/sometimes-you-just-need-a-spark-and-then-boom-boom-boom-now-the-bats/) [J. D. Martinez](https://sms4smile.com/quotes/author/j-d-martinez/) > [Click, Click Boom. I'm coming down on the stereo, hear me on the radio, click, click boom.](https://sms4smile.com/quotes/saliva/click-click-boom-i-m-coming-down-on-the-stereo-hear-me-on-the-radio/) [Saliva](https://sms4smile.com/quotes/author/saliva/) Browse all 160 Boom quotes ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Sound public finances are the essential foundation on which to construct a better-balanced economy from the wreckage of Labour's boom and bust. 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