An economy that works for all

I know waking up to significant and fast changing international news is destabilising.

For the last few days, I’ve been in Downing Street focused our national security and the safety of British people and military personnel.

But I wanted to write to you about the spring statement that Rachel Reeves delivered in the Parliament earlier today.

Security and strength for our country starts with a strong economy – and a stronger economy puts us in a place to better withstand global tensions.

The good news is, we are at a turning point in our economic plan. Inflation is down, energy bills and borrowing costs have fallen, productivity and business confidence is rising.

This has all happened because of decisions, Labour decisions, that we have made. Always with the interests of working people in our minds-eye.

Decisions like rejecting austerity, investing in our industrial base, doing all we can to drive down the cost of living and create more opportunities for people to get on.

I know there is more to do. But our economic plan is working.

I’m incredibly proud to remove the two-child limit, and lift hundreds and thousands of children out of poverty. This is the biggest cut to child poverty of any government.

Nigel Farage and Reform want to scrap it.

We’ve introduced the Employment Rights Act – a landmark piece of legislation. This is the biggest upgrade to workers’ rights for a generation. It will give people protection from fire and rehire, no more exploitative zero-hour contracts, sick pay from day one and stronger family leave.

Nigel Farage and Reform want to scrap it.

Opportunity means security at home. That’s why we’ve delivered the Renters Rights Act to provide greater security to over 11 million private renters across the country. A generational shift in power to renters.

Nigel Farage and Reform want to scrap it.

I will never give up the fight for Labour values. And when we win, look what we can deliver for working people.

Coupled with concrete steps to curb rising prices and make essentials more affordable - like taking £150 off the average energy bill, increasing the National Living Wage to 4.1% and freezing prescription fees and rail fares.

We made those decisions with a clear destination in mind: a fairer society that delivers higher living standards and opportunity for all.

And while I fully understand that people are not feeling the impact of all this yet, I am confident that over time more people will.

An economy that works for working people. A government that acts on its values.

And a Britain not just built for some – but for all.