The Spectator

George Osborne’s New Year speech on the economy

Earlier today the Chancellor gave a speech on the economy where he set up a choice for politicians: cut back on welfare, or hurt ‘hard working families’ with tax rises and cuts to services like the NHS.

Here’s the full text and audio of his speech:-

Thank you for inviting me to speak to you today here at Sertec. I’m here because you’re a great manufacturing company, of the kind we need to see many more of in this country. You make parts for British cars that are exported all around the world.

When we hear on the news that our economy is recovering, people wonder what it means for them. For some it feels abstract, remote.

But here there’s nothing abstract about the 200 new employees this company has created in the last year. Or the 400 additional people that Sertec has announced today it will be taking on in the next four years.

That’s a vote of confidence in the workforce here. It’s a vote of confidence in the Midlands.

It’s also a vote of confidence in the economic plan that is working for Britain.

This factory is a good place to talk about that plan. For you know more than most that the world does not owe Britain a living. Car manufacturing is fiercely competitive. Components can be sourced from around the world.

You know that there are hundreds of companies in dozens of countries that would like to be manufacturing the products you make here. And it’s only because of your skill and your professional approach that the work comes here – here to this company.

If the quality slipped, or the costs went up or the company was badly run – then the jobs would go elsewhere.

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