Economy
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Asked if the Prime Minister was still confident that the economy was "tickety-boo", the PMS replied that the Prime Minister’s position was that no country can insulate itself from the ups and downs of the world economy. The key thing was whether or not the framework and policies were in place to steer a course of stability through what are uncertain times for the world economy.
Asked if the Prime Minister had confidence in the Monetary Policy Committee decisions, the PMS replied that as Chancellor and as Prime Minister, he was always prepared to back whatever decisions the Monetary Policy Committee felt it appropriate to make. But those were decisions for them.
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