Hammond throws down gauntlet to Corbyn and says 'bring it on'

Posted October 04, 2017

The Berwick-upon-Tweed MP said the Conservatives had a responsibility to ensure young voters understand the benefits of Brexit.

Denouncing the Labour leader as "a clear and present danger to our economic prosperity", he said he relished the coming debate with "dinosaurs" who he branded "a political version of Jurassic Park", telling Mr Corbyn: "Bring it on".

Convergence is the argument for a deep regulatory relationship with the European Union after Brexit, while divergence is favoured by those who want to see the United Kingdom break off permanently from the bloc. Our members, thousands of small businesses across the UK, are united in wanting to see many more young people being trained to higher skill levels.

He said the Tories needed to show that Britain's economy was working - to counter McDonnell's claim that the economy is "fundamentally broken". This is the Conservative definition of progress and I pledge to the next generation: "we will not let you down".

While the United Kingdom faced a number of challenges, including Brexit-related uncertainty, sluggish productivity and a housing sector which many people young people thought was "rigged" against them, he said free markets were the only, not merely the best, way to improve living standards and underpin free societies.

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It came after the Prime Minister announced that, among a number of new measures aimed at winning over young voters, tuition fees would be capped at £9,250 for those stating university 2018-19, and that the repayment threshold would be raised to salaries of £25,000 and over. "While no one suggests a market economy is flawless, it is the best system yet designed for making people steadily better off over time and underpinning strong and sustainable public services for everyone".

Healey also used the HuffPost piece to reiterate other Labour policies for the private rental sector, including more landlord licensing, unspecified "new minimum standards" and the issuing of three year tenancy terms as standard: these were already contained in Labour June 2017 General Election manifesto.

Leaders of Britain's main business organizations gave a cautious welcome on Monday to Chancellor of the Exchequer Philip Hammond's keynote speech at the Conservative Party conference in Manchester. That is necessary, but not sufficient.

"It is time for honesty about the challenges we face". A potent cocktail of Brexit uncertainty and dogma-driven politics on both left and right threatens jobs, investment and living standards.