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"We
have a sacred responsibility to future generations to leave the
public finances strong, and through careful management of our
economy, this Conservative government will always balance the
books," he said.
"If instead we argue there is no limit on what we can spend,
that we can simply borrow our way out of any hole, what is the
point in us?"
Sunak was addressing the annual conference of his Conservative
Party which is taking place online this year.
Sunak used his speech to pay tribute to Johnson whose leadership
has been questioned, including by some within the Conservative
Party.
"Yes, it’s been difficult, challenges are part of the job, but
on the big calls, in the big moments, Boris Johnson has got it
right and we need that leadership," Sunak said.
He also said he would be creative in finding ways to help
Britain's economy recover from its record slump earlier this
year.
"Even if this moment is more difficult than any you have ever
faced, even if it feels like there is no hope, I am telling you
that there is, and that the overwhelming might of the British
state will be placed at your service," he said.
The broadcast of Sunak's speech was momentarily interrupted as
he began it.
(Reporting by Andy Bruce, William James and David Milliken;
Writing by William Schomberg; editing by Guy Faulconbridge)
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