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In the latest financial plan, appropriate selections were enacted for Britain, reducing energy expenses with £150 off bills, defending public healthcare and combating the problem of impoverished children by removing the two-child limit. We also ensured that the funds collected through taxes was done fairly, with each person chipping in but those with the broadest shoulders contributing their fair share.

As a result of the choices we made, the budget established a firmer financial footing, reducing price increases and sovereign debt returns. This is vital for protecting our public services, when a tenth of all expenditures by government goes on debt interest.

Building on Economic Foundations

The budget builds on the action we have already taken to improve the economy: providing £120bn in extra capital investment in such things as roads, rail and energy; enacting the biggest planning reforms in a generation to back builders, not blockers; supporting the expansion of Heathrow and Gatwick; and concluding commercial agreements with the EU, India and the US.

Collectively, these have allowed us to surpass our economic projections.

Rejuvenating Our State

As I explained at the party conference, the government’s purpose is exactly the renewal of our economy, our communities and our state. By doing that, we will halt deterioration and rebuild trust in our country.

We will confront those on the left and right who only offer complaints and whose approach would lead to additional deterioration. Let me be clear, increasing public debt or reimposing spending cuts – that is the politics of decline and I will not accept it.

A Comprehensive Growth Mission

During an address next week, I will place the budget in context within the broader economic renewal on which the government will be assessed following completion of this parliament.

If we are to achieve the countrywide revitalization we seek, we must do more to encourage growth, to combat unemployment among young people and to seek enhanced global partnership with our trading partners.

Administrative Streamlining Program

Our expansion agenda will include a renewed focus on sweeping away unnecessary regulation. Commonly it has fallen to those on the left who have supported restrictions, but there is nothing progressive in regulations which only function to boost the cost of living for the poorest, to hinder financial expansion unnecessarily, or stop a progressive administration achieving its aims.

That is why I am asking the business secretary to address the category of excessive additions and superfluous bureaucracy that raise expenditures and obstruct our industrial strategy.

Welfare State Modernization

Financial revitalization likewise requires that we must continue to modernize the benefits system. We inherited a failing system that caused youngsters to lack basic nutrition and which dismissed adolescents as incapable of employment.

We should not endorse either part of that failing Tory system. This explains we will do more to help young people achieve their potential.

Since when individuals are overlooked in your early career, if you are denied the assistance you need to manage emotional difficulties, or if you are just discounted because you are experiencing cognitive variations or handicaps, then it can confine you to a pattern of unemployment and reliance for decades.

This creates economic costs, is harmful to our efficiency, but much more importantly, it removes potential and overlooks capability. Any progressive administration worthy of the name should not overlook it.

Hence the explanation we have commissioned former health secretary to make implementable proposals to help young people with health conditions access work, training or education – ensuring they are supported to prosper rather than marginalized.

Worldwide Business Development

Ultimately, we must take further action to help our businesses engage in worldwide exchange. There is no credible economic vision for Britain that does not place us as a welcoming, business-oriented country.

We need to acknowledge the reality that the mishandled separation arrangement substantially damaged our finances. You do not need to have a PhD in economics to know that constructing needless commercial obstacles with your largest commercial ally will impede expansion and increase expenses.

So one element of our economic renewal will be maintaining progress in the direction of a closer trading relationship with the EU. Should we obtain less expensive nourishment, enhance expansion and generate employment by having a enhanced association with European nations, we should.

A Meaningful Approach for Major Issues

A budget based on fair choices for Britain must be reinforced with commitment to achieve the economic renewal that the country needs.

Via executing a major, confident protracted program, not a set of quick fixes, we will rejuvenate the country. We should evolve anew a meaningful society, with a significant administration, competent jointly to perform demanding actions to retake charge of our prospects.

By having a clear mission to rejuvenate our finances, our localities and our nation, we will implement the transformation we pledged – and then be assessed according to it in the forthcoming poll.