Osborne: 'Raise The Ambition Of The Nation'

Written By Unknown on Senin, 29 September 2014 | 18.26

George Osborne has told the Tory conference it is time to "raise the ambition of the nation so everyone has the chance to succeed".

The Chancellor said the Government's "long-term economic plan is working" and that Britain had done what it always did to recover from the economic crisis four years ago: "picked ourselves up, we sorted ourselves out and we got back in the fight"

He said it was not time to finish the job that had been started and added that the country had achieved the result "together" and warned a Labour Government would push Britain back into the past and the economic crisis of recent years.

In a dig at the Labour leader's speech last week he said Ed Miliband made a "speech that was so forgettable, he forgot most of it". Mr Miliband admitted he left out a passage on the deficit when he delivered his keynote speech without notes in Manchester at the party's conference. 

The Chancellor also challenged Labour's claims to being the only party of the NHS saying "the real party of the NHS is in this hall today".

Mr Osborne said the party would "ruin" the NHS because the health service could not exist without a healthy economy.

He said Britain faced a number of choices but most immediately it was time to chose between the past and the future.

Mr Osborne said he has spoken to Conservative delegate who had lost his job in the Northern Rock crisis who had told him Britain should never return to such a time of risk adding the Conservatives did not want to go back either.

He said the deficit is approaching half what it was when the Conservatives come to office but cautioned there was more to be done. But he added: "The option of taxing your way out of the deficit no longer exists, if it ever did."

At the centre of Mr Osborne's speech is scrapping the so-called "death tax" on pension pots with immediate effect. It will mean those who have saved into their pensions will no longer pay the 55% tax if they wish to pass the money to their families.

Speaking to Sky News ahead of his speech, Mr Osborne said the move was a reward for those who "worked and saved".

The Chancellor's speech is largely being seen as an attempt to seize back ground made by UKIP and to steady the ship after two Conservative defections and the resignation of the Minister for Civil Society over a sex pictures scandal at the weekend.

The "death tax" cut will cost the Treasury a estimated £150m - the equivalent of just a 0.03p cut in income tax - but it will appeal to older voters who are more likely to be swayed by Nigel Farage's party.

However, it has emerged Mr Osborne had been the one to increase the tax from 35% to 55% and had already suggested it in the Autumn Statement.

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