Theresa May has declared the government’s eight-year programme of austerity is “over” in her Conservative Party conference speech.
The prime minister said that after Brexit the government will boost investment in public services while continuing to reduce debt.
She said people should know that “their hard work has paid off”.
She said the Conservatives but securing public finances “are not the limit of our ambition”.
The announcement will be seen as a major shift in the Conservatives’ approach after eight years of spending cuts and tax rises.
It will raise hopes of a significant increase in public spending during next years’ Spending Review, along with potential tax cuts.
In a lengthy passage of her speech marked ‘end of austerity”, Ms May told the conference in Birmingham: “We are not just a party to clean up a mess, we are the party to steer a course to a better future.
“Sound finances are essential, but they are not the limit of our ambition.
“Because you made sacrifices, there are better days ahead.
“So, when we’ve secured a good Brexit deal for Britain, at the Spending Review next year we will set out our approach for the future.”
She added: “Debt as a share of the economy will continue to go down, support for public services will go up.
“Because, a decade after the financial crash, people need to know that the austerity it led to is over and that their hard work has paid off.”
The Independent has launched its #FinalSay campaign to demand that voters are given a voice on the final Brexit deal.
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