Speaking at the Conservative party conference in Manchester the Chancellor said he was “proud to back Brexit” as he hailed the UK’s new found freedoms.
“I believed the agility, flexibility and freedom provided by Brexit would be more valuable in a 21st century global economy,” he said.
“Even if you can’t see it yet I assure you the future is here.”
Pointing the the UK’s successes, he said: “The unemployment rate is at less than five percent and falling.
“That’s lower than France, America, Canada, Italy, and Spain.
“And we now have one of the fastest recoveries of any major economy in the world.”
The UK’s economy grew by a record 5.5 percent in the second quarter of this year.
Easing of lockdown restrictions led to the economy growing faster than originally predicted as Britain bounced back from the pandemic.
The Organisation for Economic Co-operation and Development (OECD) now believes the UK economy will expand by 6.7 percent in 2021, higher than any other G7 nation.
In contrast, the EU is expected to see its economy increase by 4.8 percent this year.
Last week Bank of England Governor Andrew Bailey said he thought the UK economy would regain its pre-pandemic level of output in early 2022.
Mr Sunak hailed the UK’s achievements as he renewed his commitment to do “whatever it takes” to help the UK through the unprecedented economic turmoil.
He said: “At the start of this crisis I made a promise to do whatever it takes, and I’m ready to double down on that promise now as we come out of this crisis.
“The first phase of our Plan for Jobs has worked, protecting 11 million jobs through the furlough scheme and now we are experiencing one of the strongest and fastest recoveries of any major economy in the world.
“But the job is not done yet and I want to make sure our economy is fit for the future and that means providing the support and skills people need to get into work and get on in life.”
More to follow…