Since I became Chancellor, our economy has grown by 2.3%—the fastest growth among European G7 economies in that period. We have progressed our strategy for stronger and more secure growth through fiscal stability by bringing in an additional £120 billion in public investment, crowding in private investment through the National Wealth Fund and the British Business Bank, changing our fiscal rules; removing structural barriers to growth, including reforms to planning and pensions systems, and reducing regulatory burdens on smaller businesses.

Through the Mansion House accord and Sterling 20, we have got pension funds to commit to investing more in British businesses through British venture schemes and infrastructure. The Pension Schemes Act 2026 requires investment in UK businesses and infrastructure. We are also making reforms to how our ISA system works so that after investing £12,000 in cash, any additional money has to be invested in stocks and shares.

In my two Budgets, I have raised an additional £30 billion through taxes for more wealthy people, including changes to non-dom rules, VAT and business rates on private schools, taxes on private jets, high-value council tax surcharge, and increases in capital gains tax. Combined, that is an extra £30 billion secured for our public services.

I am incredibly proud of my record as Chancellor: fastest growing country in G7, rising wages faster than inflation monthly since becoming Chancellor; record investment into UK; rolling out free breakfast clubs and meals; 500,000 children lifted from poverty; creating National Wealth Fund with private sector investment. For the first time since 2019, Government borrowing was less than 5% of GDP.