The Prime Minister will today (Monday 1 December) set out how
choices made at the Budget moves forward the government's
programme of national renewal, and how they have set the right
economic course for the country.
The Budget on Wednesday set out how the government will build a
fairer economy, that:
- Bears down on cost of living, through reduced energy bills
and frozen fares and fees.
- Ensures economic stability, through greater headroom, lower
inflation and a commitment to fiscal rules.
- Protects high levels of investment and protection of public
services in order to drive future growth.
In his speech, the Prime Minister will set out the broader
mission of this government for the remainder of the Parliament,
including the government's plan to help drive growth, to reform
welfare and to drive trade through closer engagement with our
economic partners
On growth measures he will say that removing unnecessary
regulation across the economy is a cost of living issue as well
as a pro-business measure.
He will say:
“Rooting out excessive costs in every corner of the economy
is an essential step to lower the cost of living for good, as
well as promoting more dynamic markets for business”.
He will say he has asked to provide monthly updates on
the implementation of the industrial strategy which focuses on
driving investment into the UK's growth sectors.
He will address welfare and give more details of the government's
approach, setting out that the system the government inherited
left too many children too poor to eat, and too many young people
too sick to work. Having tackled child poverty significantly
through the end of the two child limit in the Budget there will
now be a renewed focus on tackling other problems in the legacy
welfare system.
He will say:
“We have to confront the reality that our welfare state is
trapping people, not just in poverty, but out of work. Young
people especially. And that is a poverty of ambition. And so
while we will invest in apprenticeships and make sure every young
person without a job has a guaranteed offer of training or
work.
“We must also reform the welfare state itself – that is what
renewal demands. Now – this is not about propping up a broken
status quo.
“No, this is about potential. Because if you are ignored that
early in your career. If you're not given the support you need to
overcome your mental health issues, or if you are simply written
off because you're neurodivergent or disabled, then it can trap
you in a cycle of worklessness and dependency for decades.
“Which costs the country money, is bad for our productivity,
but most importantly of all - costs the country opportunity and
potential.
“That is why we have asked on the whole issue of young
people, inactivity and work.
“We need to remove the incentives which hold back the
potential of our young people.”
