CLEAN : Shadow Chancellor says Britain will now live within its means

The transcript discusses the challenges faced by a team in defending their members and the political nature of austerity. It emphasizes the need for economic policies that ensure the country lives within its means, drawing on insights from leading economic thinkers. The speaker proposes a review of major economic institutions to enhance their effectiveness, starting with the Treasury. The approach is described as pragmatic idealism, combining competence with compassion.

What role does Lord Bob Kerslake have in the proposed review?

What is meant by 'pragmatic idealism' according to the speaker?