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[1st Day]

Part of Debate on the Address – in the House of Commons at 3:32 pm on 21st June 2017.

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Photo of Theresa May Theresa May The Prime Minister, Leader of the Conservative Party 3:32 pm, 21st June 2017

I will make a little more progress, then take some more interventions.

If we are going to grasp opportunities as we leave the European Union we need to build a stronger economy. That is right: we have always understood, as Conservatives, that sound money and fiscal credibility are the foundation for everything else. That is why it was right to take the tough decisions we did after the financial crash, and it has paid off. The deficit is down by three quarters; employment is up by 2.9 million; and because of policies like the national living wage and taking 4 million of the lowest paid out of income tax altogether, inequality has been reduced to its lowest level for 30 years.

In this Queen’s Speech we will continue to improve the public finances and work towards getting our country back to living within its means. We will also invest in the world-leading digital infrastructure that we need to benefit from the opportunities of new technology, and we will encourage businesses to grow and create jobs by continuing to cut corporation tax, because that is how to raise more money, not less.