There are those on the left and right who offer only grievance: The government is proceeding with the job of economic rejuvenation.

During the recent fiscal announcement, we made the right choices for Britain, cutting the cost of energy with savings of £150 on utilities, safeguarding the health service and addressing the issue of youth deprivation by removing the two-child limit. We also ensured that the income generated through taxes was done equitably, with everyone contributing but those with the largest means paying what they owe.

Due to the decisions enacted, the budget fostered greater economic stability, curbing inflationary pressures and state borrowing costs. This is vital for protecting our public services, when a tenth of all expenditures by government goes on loan repayments.

Advancing Financial Initiatives

The budget builds on the action we have already taken to improve the economy: allocating £120 billion in additional funding in such things as transportation and power infrastructure; implementing major regulatory changes in a generation to back builders, not blockers; promoting the development of Heathrow and Gatwick; and establishing trading partnerships with the EU, India and the US.

In combination, these have allowed us to outperform our expansion estimates.

Revitalizing Our Country

As I set out at the party conference, the government’s purpose is nothing less than the renewal of our financial system, our localities and our government. By doing that, we will end decline and reestablish confidence in our country.

We will confront those on the political extremes who only offer grievance and whose approach would lead to continued weakening. Allow me to state unequivocally, ramping up deficit spending or reimposing spending cuts – that is the strategy of degradation and I will not accept it.

A Comprehensive Growth Mission

Through remarks coming soon, I will place the budget in context within the broader economic renewal on which the government will be assessed following completion of this parliament.

To accomplish the national renewal 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 growth mission will include a reinforced attention on eliminating needless bureaucracy. Often it has been those on the left who have supported restrictions, but there is nothing forward-thinking in regulations which only function to boost the cost of living for the poorest, to impede commercial development unnecessarily, or prevent a Labour government achieving its aims.

This is the reason I am asking the business secretary to confront the variety of excessive additions and unnecessary red tape that increase expenses and obstruct our industrial strategy.

Benefits System Overhaul

Economic renewal also demands that we must continue to overhaul social security. We took over an ineffective structure that resulted in impoverished youth going hungry and which dismissed adolescents as too sick to work.

We cannot tolerate either part of that ineffective right-wing framework. Hence the reason we will do more to assist youth in realizing their capabilities.

For when people are neglected in your early career, if you are denied the assistance you need to address psychological challenges, or if you are merely dismissed because you are experiencing cognitive variations or handicaps, then it can confine you to a pattern of joblessness and neediness for decades.

This costs the country money, is harmful to our efficiency, but considerably more crucially, it takes away opportunity and ignores potential. Any Labour government worthy of the name should not overlook it.

This is the reason we have tasked a previous healthcare official to make practical recommendations to help young people with health conditions access work, training or education – guaranteeing they receive assistance to succeed instead of excluded.

Worldwide Business Development

Finally, we have to do more to help our businesses trade internationally. No believable commercial perspective for Britain that does not establish us as a accessible, commercial nation.

We must confront the reality that the poorly executed departure agreement 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.

Thus an aspect of our economic renewal will be continuing to move towards a stronger commercial partnership with the EU. When we can access more affordable sustenance, enhance expansion and generate employment by having a stronger connection with Europe, we should.

A Meaningful Approach for Major Issues

A financial plan founded on equitable decisions for Britain must be reinforced with commitment to achieve the financial revitalization that the country needs.

Through implementing a substantial, courageous extended strategy, not a set of short-term remedies, we will renew Britain. We must become again a serious people, with a serious government, able collectively to undertake challenging tasks to reclaim command of our destiny.

By having a clear mission to renew our economy, our communities and our state, we will implement the transformation we pledged – and then be evaluated based on it during the upcoming vote.