The Spectator

George Osborne’s speech on the economy: full text

Good morning, ladies and gentlemen. Today I want to talk to you about this government’s plan for economic recovery. Now, you’re probably thinking that a construction site is a strange place to make a speech. But I’ve invited you here for a reason. This development – 1 Commercial Street – began in 2007. The plan was to turn this building into 21 floors of office space, private apartments and affordable housing. Construction began; and continued at a pace. Until in 2008 the work simply stopped. Investors pulled out. Jobs were lost. And the site lay silent for three years. But last year, something exciting happened. Construction began again.

Today, 230 people are working here at 1 Commercial Street to complete the development – and it will open its doors next year. I’ve

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