1. Good morning, I have just been to Buckingham Palace and accepted His Majesty The King’s invitation to form a government in his name. It is only right to explain why I am standing here as your new Prime Minister. Right now our country is facing a profound economic crisis. The aftermath of Covid still lingers.
2. Putin’s war in Ukraine has destabilised energy markets and supply chains the world over. I want to pay tribute to my predecessor Liz Truss, she was not wrong to want to improve growth in this country, it is a noble aim. And I admired her restlessness to create change. But some mistakes were made. Not borne of ill will or bad intentions. Quite the opposite, in fact. But mistakes nonetheless.
3. And I have been elected as leader of my party, and your Prime Minister, in part, to fix them. And that work begins immediately. I will place economic stability and confidence at the heart of this government’s agenda. This will mean difficult decisions to come. But you saw me during Covid, doing everything I could, to protect people and businesses, with schemes like furlough.
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4. There are always limits, more so now than ever, but I promise you this. I will bring that same compassion to the challenges we face today. The government I lead will not leave the next generation, your children and grandchildren, with a debt to settle that we were too weak to pay ourselves. I will unite our country, not with words, but with action. I will work day in and day out to deliver for you.
5. This government will have integrity, professionalism and accountability at every level. Trust is earned. And I will earn yours. I will always be grateful to Boris Johnson for his incredible achievements as Prime Minister, and I treasure his warmth and generosity of spirit.
6. And I know he would agree that the mandate my party earned in 2019 is not the sole property of any one individual, it is a mandate that belongs to and unites all of us. And the heart of that mandate is our manifesto. I will deliver on its promise. A stronger NHS. Better schools. Safer streets. Control of our borders. Protecting our environment. Supporting our armed forces.
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7. Levelling up and building an economy that embraces the opportunities of Brexit, where businesses invest, innovate, and create jobs. I understand how difficult this moment is. After the billions of pounds it cost us to combat Covid, after all the dislocation that caused in the midst of a terrible war that must be seen successfully to its conclusions I fully appreciate how hard things are.
8. And I understand too that I have work to do to restore trust after all that has happened. All I can say is that I am not daunted. I know the high office I have accepted and I hope to live up to its demands. But when the opportunity to serve comes along, you cannot question the moment, only your willingness. So I stand here before you ready to lead our country into the future.
9. To put your needs above politics. To reach out and build a government that represents the very best traditions of my party. Together we can achieve incredible things. We will create a future worthy of the sacrifices so many have made and fill tomorrow, and everyday thereafter with hope. Thank you.
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