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MANCHESTER  England (Reuters) - British finance minister Philip Hammond defended capitalism as the only route to prosperity on Monday  in an attempt to counter the opposition Labour Partyâs increasingly popular vision for a more centrally-controlled economy.
In a speech to the ruling Conservative Party that contained only two new policy announcements   Hammond  also said that the governmentâs immediate task was to deal with the uncertainty for citizens and businesses resulting from Brexit.
 Hammond   who was sidelined by May during the election campaign  said last weekâs Labour Party conference showed it wanted to impose on Britain  the worldâs fifth largest economy  the âsocialist fantasyâ seen in Cuba  Venezuela or Zimbabwe.
âWe saw Labour in the raw  exposed for what it has sadly become: a party taken hostage by a clique of hard-left extremist infiltrators  people who despise Britainâs values and talk down our country â  Hammond  told Conservative Party activists.
Seeking to put the economy center-stage in the Conservativesâ pitch to voters   Hammond  said Britain could only hope to experience rising living standards âby harnessing the power of the market economyâ.
With opinion polls showing Labour gaining support   Hammond  aims to convince voters that Corbyn would make them poorer.
Labourâs leaders   he  said  âopenly proclaim their ambition to demolish our successful modern market economy and replace it with a back-to-the-future socialist fantasy with hundreds of billions of extra debt for the next generation to pay.â
âOur economy is not broken: It is fundamentally strong â  Hammond  said  while also accepting that a lack of progress in talks on Britainâs divorce settlement with the European Union and uncertainty over future ties were weighing on businesses.
âThe process of negotiating our exit from the EU has created uncertainty so investment has slowed as businesses wait for clarity â  Hammond  said.
 Britain's Chancellor of the Exchequer Philip Hammond  speaks at the Conservative Party's conference in Manchester  Britain October 2  2017. REUTERS/PHIL NOBLE
Business groups welcomed Hammondâs defense of free markets  but said the government needed to do much more.
 Hammond  pledged 400 million pounds ($535 million) of additional road and rail spending and 10 billion pounds of funding to help young Britons get on the property ladder.
âWe must never deny or dismiss the underlying concerns that the election articulated: we must listen to them and we must respond â  Hammond  said  adding that the government should offer âpragmatic solutionsâ to improve ordinary peopleâs lives.
But with Brexit on the horizon  a slowing economy and the Bank of England hinting that interest rates could rise  May and  Hammond  have limited room for fiscal maneuver.
Labour said Hammondâs speech on Monday was disappointing.
Hammond

That's by design  according to  owner Joe Deloss  who shared his story on NBC's Today show .
"Because we believe a crime record is often about circumstance  not character ... we're giving an opportunity for somebody to demonstrate a different story for themselves "  Deloss  said.
 Deloss  opened Hot Chicken Takeover with  his  wife in 2014 and had just three employees. Today  the couple own three restaurants and have nearly 200 employees.  Deloss  credits the success of  his  business to the team  he 's built  touting  his  employees' "alternative resumes" as a benefit to  his  company.
 His  employees say they feel at home.
"Everyday I come in here I feel accepted " Jameel H.  one of  Deloss'  employees  said. "The love is genuine. I've worked for numerous companies and I've never felt anything like this."
 Deloss  is conscious of these impediments to success and offers  his  employees benefits for housing  transportation  and counseling.  His  philosophy of fair chance employment is making a difference in their lives.
Joe Deloss

Is this the year  Scott Boras  fails to pull a rabbit out of a hat? Or three or four rabbits  to be precise?
 Scott Boras  is known for holding out to get the deals  he  wants  but it might not work this time. (Paul Sancya/AP)
Talking to scouts and executives on Wednesday  I heard  Boras â name a lot  as some are convinced  his  refusal to bend on  his  demands has created a stalemate for  his  top-of-the-market guys that has a trickle-down effect on other free agents.
The same executive made the point that  Boras  has often managed to swing deals late in the offseason by going directly to ownership  particularly with the Tigers and the Nationals. But Detroit owner Mike Ilitch died last year at age 87  and in Washington Ted Lerner reportedly has no intention of adding any more big salaries.
J.D. Martinez: Who blinks first  Red Sox or  Boras ? Hard to believe Martinez would walk away from five years and $125 million  no matter how much more  Boras  wants.

Scott Boras