We are determined to deliver long term growth and prosperity. A full text of the speech is attached. The world has been transformed over the last few years. We live in a global economy. We are moving towards a single global economy in many respects.
Industries typically span geographical and political boundaries.
No country can go it alone, in economic terms. Our objective is to ensure Britain is equipped to rise to the challenge of the world's new and fast changing economies. The key objective of our economic policy is to achieve high and stable levels of growth and employment, to allow everyone to share in higher living standards. The need for stability Over the past forty years, our economy has had an unenviable history of boom and bust. Stop-go has meant higher interest rates, less investment, fewer successful companies and lost jobs.