Downing Street Says » Lord Mayor’s Banquet

» Monday, November 10, 2008

Lord Mayor’s Banquet

Asked about the Prime Minister s speech at the Lord Mayor s Banquet this evening, the Prime Minister s Spokesman (PMS) said that there would be some words on the international dimension of monetary and fiscal policy, as well as some words on the nature of Britain s bi-lateral relationship with the US. Essentially the argument of the speech was that the introduction of a new government in the United States, plus the new spirit of internationalism that we had seen in recent weeks forged by the international financial crisis, meant that we had an opportunity to push ahead and make progress on other international issues such as climate change, development of trade, middle east peace process and so on.

Asked what the Prime Minister meant when he talked about tax cuts in the speech, the PMS said that it meant exactly what it said; we had already cut taxes and any decisions about the future were a matter for the Pre Budget Report (PBR) and the Budget.

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