I have to be honest about what the country can afford.
I will stick to our fiscal rules to get borrowing and debt down.
The approach I am outlining today is the responsible one.
If we build a generation of council homes, we will save billions from the housing benefit budget over the decade.
If we get energy bills down, we will better control inflation and support the economy.
If we change the way we support people, we will get more people into work and the welfare bill down, not through crude cuts – that should never be the Labour way - but by investing in people in their success, supporting them to get where they want to be rather than pay for failure as the country does now.
Seems good to me.