How to create a high investment, high productivity and high employment economy. We start with stability. It is the precondition of success in the modern global economy. That's why our first priority when we came to office was moving from the violent cycles of stop go that we had seen too often in the past, to an economy capable of sustained and steady growth. The British economy is growing.
Inflation is low and set to remain low.
The public finances are under control. Employment is up by over 600,000 since the election. We have a record number of people in work and a record number of job vacancies too. So what we can rightly say now is that for the first time in a generation we have the prospect of sustained economic stability in Britain. But that is not enough.