Member

The House will recall that it was when the global financial crisis struck that the G20 showed its full potential, with my predecessor Gordon Brown marshalling a global response to that crisis to protect the savings and finances of the British people. In this moment of growing fragility and crisis around the world, it is time once again to take a more purposeful, unified approach, focused on global growth and stability. I called for a response based on the right balance of investment and fiscal discipline, open markets, reforming the global trading system and tackling the cost of living crisis. That approach was echoed by the leaders’ declaration from Johannesburg.