Rachel Reeves has endorsed Andy Burnham for Prime Minister.

Reeves stressed the importance of the next leader sticking to her fiscal policies, which include ensuring that day-to-day spending is supported by tax revenue at the end of Parliament and reducing debt as a percentage of GDP.

Burnham He has done it before To maintain current government borrowing and spending laws.

“The last government lost control of public finances,” Reeves said.

“It sent inflation through the roof and interest rates through the roof. So public finance control has a real impact on households today.”

Reeves said she improved flexibility in the state budget by increasing the finance department, adding that the public should be left in doubt about the party’s commitment to fiscal discipline.

Because if you lose control of public finances, it is ordinary workers and businesses who will pay higher inflation, higher taxes and of course higher interest rates; ” she added.

The chancellor was absent from the crowd outside 10 Downing Street on Monday when Sir Kiir announced his resignation as prime minister, but was present for a group selfie with Burnham after being sworn in at Westminster later that day.

Reeves said no one could doubt her commitment to Sir Kiir, but when pressed about her absence from the speech she did not wonder why she was absent.

“I don’t think anyone doubts my commitment to the Prime Minister. I’ve been by his side for six years as shadow chancellor and then chancellor,” Reeves said.

Reflecting on her time as chancellor so far, Reeves admits there are things she can do better, but says she’s “really proud” to see the national living wage and national minimum wage rise, and the economy grow and inflation come down.

“I know whoever becomes prime minister and chancellor will inherit a stronger economy than I inherited two years ago,” she said.