The Telegraph provides a full report on Liam Fox's speech at the IEA

“The pre-budget period is generally typified today by a cacophony of competing measures from think tanks, interest groups, the media and competing politicians ranging from the incisive to the interesting to the plain idiotic.

This focus on individual budgetary measures can cause us to lose sight of more fundamental underlying themes and narratives.

So, today I want to talk about the “Why” in the economic debate not simply the “How”. Our policies should be about the type of behaviour we want to encourage and the type of country we want to be not just how much money Government can raise. Our economic policies must be about what we believe in and must reflect our values.

Economic policy is not just about pounds, shillings and pence. It is the compass from which all other policy areas find their direction.”

Read the full article here.