Chuka Umunna's speech on aspiration and social mobility: full text

"We’re here because we understand – deeply – that the future of every person is diminished when the future of one person is threatened."

Thank you so much. It’s a great honour to speak here tonight.

 

With the support of your colleagues on the executive what you are doing at LFIG is really fantastic.  Strengthening the organization, raising its profile, extending its reach across the country.

 

Together, you are making a very important contribution on many issues critical to our nation’s economic future: from those affecting the very biggest corporations through your work on takeovers, to the very smallest with your taskforce on freelancing.

 

And I think our trip to China showed the vital role you play in taking the Labour Party to places it might not otherwise go or reach when out of Government. We are better for it.

 

So it is for that that, above all, I must thank you David – and all of you here.

 

Now, I’m among friends, so let me start with an inspiring story about a dashing, young Labour candidate trying to win a crucial marginal seat in a tight election.  Smart suits.  Strong brows.  And a bouffant of hair that, quite frankly, a man like me can only envy.

 

Yes, the year is 1974, the constituency is Harrow Central, and the candidate is our very own David Offenbach.  And here he is!.

 

Yes, I like to think that – had this not been somewhat pre-Baywatch – they might have called him The ‘Off.  

 

Now, let’s have a look at what he was running on.  Ah, yes – a living standards crisis, caused by Tory economic failure. 

 

In a phrase that seems remarkably prescient today, he says: “Can we afford another FIVE YEARS of Tory rule, after the price we have paid for the last three and a half?”

Back to the Future indeed.

 

Now the first thing it tells you is just how long David has been a loyal servant to the Party. 

 

But – more than that – it shows the wisdom he had, even in the first blush of youth.  Listen to what he says,

 

“Too many things have been devalued in recent years – not just the Pound, but truth, and faith in democracy. Very simply, and sincerely, I ask for your vote so that I may strive through Parliament to have these values honourably restored.”

 

Even then, well before I was even born, David was already worried about the loss of faith in politics and the dead-end policies of division.  And so he spoke of the need “…to turn the hopes and exertions of the people in a new direction”. 

 

I think he was on to something.  

 

Sadly, David did not win that election, the first of two in 1974 – although of course the Labour Party did, just about. 

 

Now is not the 1970s and we face new and different challenges.  But, once again, it falls to us – this Labour Party – to give voice to those who are struggling under a Conservative-led government, as household bills rise faster than wages. 

 

It falls to us – this Labour Party – to be strong in standing up to the powerful.

 

And, once again, it falls to us, in David’s most elegant phrase, “…to turn the hopes and exertions of the people in a new direction”. 

 

Why? Because this is our Party’s defining purpose.  Working together to lift people up, to empower them to meet their aspirations and take advantage of the opportunities today. 

 

And that is why each of us is here tonight.  Because we know how much politics matters.

 

It might seem obvious to say, but we all know that a lot of people are fed up with politics. That a lot of people are losing faith in it.

 

They think we’re all the same.

 

But we know it does matter. It matters who is in Number 10. And it matters in whose interests they are working.

 

Here tonight, we know the clock is ticking. That 2015 election is just 520 days away. 

 

Some say it’s going to be a referendum on the Tories.  Or the coalition.  Or that it will be a contest of character – a contest, by the way, I am confident we would win.

 

But it’s not about that.

 

It will be about the future.

 

It will be about the cost of living crisis that has seen people take a £1,600 pay cut and costs increase faster than wages in 40 of the 41 months under David Cameron. 

 

It will be about the kind of nation that we want to be, and in whose interests our country is run. 

 

So tonight, I’m not going to talk so much about specific policies as I am about our approach.

 

To win in 2015, Labour must be - and we aim to be - the Party of the future, about the future, for the future.  For unity of purpose, over discord and division.  For the many not the few.  For hope and possibility over fear and blame. For what, together, we can become. 

 

We must be the Party that speaks to people’s ambitions, hopes and optimism.

 

Think about it – when you were a kid, what did you want to be? Everybody wanted to be something! 

 

One of the things I love most about my job as an MP is going to local Primary Schools - listening to the ambitions and soaking up the excitement our kids have for the future. I went to one of those schools myself. Those kids are me… minus a few years!

 

I see the amazing work and effort of teachers to give kids a really strong start to life. And I’ll speak to classes and assemblies and one of my favourite things is to ask the question “So what do you want to be when you grow up?”

 

Whatever school you’re in, the response is always the same. All over the room, hands shoot up – kids eager to tell you. And you’ll have those wanting to be footballers, actresses, doctors, singers, astronauts etc.

 

Then think about when you left school and you were starting your career and trying to figure out what you actually wanted to be. Or for the entrepreneurs here – when you started on that journey of making it happen.

 

I think the dreams we had as kids - the hopes and ambitions we have as adults – they show an eternal human truth.  Even when it’s not a formal, conscious thought.  We’re always looking forward. To tomorrow – to next week – to next year and beyond. And that gaze and purpose towards our future never leaves us.

 

But, here’s the thing: the impulse to look to the future might be shared by us all. But not all of us have access to the means to realise our dreams.  

 

We know that for too many people in Britain, the gates of opportunity remain firmly locked.

 

Think of the 18 year old, who has been unemployed for more than six months, though not for want of trying.  She’s one of the 10% of her age group who lack ‘Basic Online Skills’- she can’t send an email or even search for something online.  And this is supposed to be the most tech-savvy generation ever.

 

And all she’s thinking of is the next thing she needs to do to survive. She simply doesn’t know what next week will hold, or where her life is heading.  And the unknown is uncertain – and uncertainty breeds insecurity.

 

Or think of the dad who works full time, but is one of the 4.8 million who earns less than a Living Wage. His vision of the future is one of stress and worry about how he’s going to put food on the table for his kids. He’s working as hard as he can, but it’s just not quite enough.

 

Alan Milburn’s Social Mobility Commission tells us that nearly half of all children who live in poverty are from families where at least one parent works full time.

 

Or think of the mother, who is working so hard that she simply hasn’t got the time or the energy to read to her daughter – though she knows that if she doesn’t, it will be her daughter who will pay for it.

 

Only two in five children from the poorest homes are read to every day, compared to four out of five from the richest families.

 

And there’s the fifty year-old, whose business has just closed down because a competitor abroad could do it cheaper. He doesn’t have the luxury of a vision of the future, when his biggest worry is what he’s doing next.

 

All of these people are looking to the future, but for far too many the future is bleak.

 

So they don’t care about the Westminster soap opera; the rhetoric of the left and right; a percentage change in the latest poll.

 

What they worry about is the fact that even if they do the best they can for themselves and their families, for them the padlock will remain on the gates of opportunity. 

 

Because in modern Britain – more than in most OECD countries – your background still determines your destiny.  Not your innate talent, ingenuity and sheer hard work.  For too many, their future is still determined by the circumstances of their birth, not the content of their character.

 

That’s not good enough and changing this is our Party’s defining purpose. 

 

Working together to bring the dreams that people have into reach, to achieve their aspirations and ambitions.

 

Or, as it says on all our membership cards, “…through the strength of our common endeavour…to create for each of us the means to realise our true potential”. 

 

Yes – it’s about those words – dreams, ambitions, aspirations – made real through common endeavour. 

 

This is Labour’s mission.  Now the problem is that too often progressives - the centre left - have ceded this kind of language to our political opponents. 

 

When I mention the words ambition or aspiration on Twitter, I usually get kick back. “Thatcher’s child”. “Are you a Tory?”. That type of thing.

 

But it is not about individual aspiration over community.  It is about both pulling together.  That is the history of our movement, the story of our struggles, and our mission today.  It is that it takes a community, it takes a movement, it takes a struggle, “to create for each of us the means to realise our true potential”. 

 

That is what Ed Miliband means when he talks about One Nation, where the gates of opportunity are truly open to all. 

 

Now, in recent weeks, John Major has emerged from the shadows to highlight the problem. 

 

He glosses over the fact that his and Margaret Thatcher’s administrations greatly exacerbated the situation.

 

Never mind.   He has done us all a service in pointing out that his improbable journey – from Coldharbour Lane to Downing Street, and of his family from the music hall to the Commons chamber – has become even less likely in Cameron’s Britain.

 

But though he has highlighted the problem, the ideological approach of the Conservatives will only make matters worse. 

 

Though they talk the language of aspiration and freedom, their idea of freedom is meagre.  It is a vision which insists that less support is always more; that abandons people to the unpredictability of the market; that takes no account of where people start from or the resources under their control.

 

Their idea of freedom will serve only to bolster the power of the strong over the weak, to entrench the privilege of the few over the many. 

 

And what this means as a programme for government is now becoming clearer.  In opposition they adopted the language of modernisation, but they’ve junked that agenda in office. They once said cuts to public spending would hurt them more than it would hurt the rest of us. Tell that to the people of Britain after 3 years of regressive policies.  Now David Cameron is committed to permanent austerity, not out of need but out of choice.

 

So under David Cameron, the spectrum of unequal futures will widen. The basic hope of giving our generation’s children a better life than ours will disappear. Ambition is replaced by stress and worry. Hope by blame.

 

He is making things worse now, and worse in the future. 

 

Real freedom means freedom to pursue that vision of a bigger life.  To make our ambitions possible. 

 

That kind of freedom requires positive action and common endeavour: a community to help and an active government, creating the conditions in which people can become self-reliant, empowered to achieve their ambitions. 

 

This is our mission, and this is the future we seek to create. 

 

It demands we do two things.

 

First, it means doing what Labour has always done best: standing up to the powerful, protecting people from harm, alleviating their sources of stress and helping them to solve their problems. Providing a safety net. 

 

Because we’ve seen, especially in recent years, that sometimes bad things happen to us and our neighbours that – despite our best efforts – we couldn’t stop.

 

That’s why we don’t believe you should walk away from a friend in need.  That’s why we set up the NHS; it’s why we established the National Minimum Wage. And it’s why we will now scrap this

Government’s cruel and unfair Bedroom Tax and will work towards a Living Wage.

But to be the party of the future, we must go further.

 

Because we’re not just about the safety net, but also about giving hope and creating opportunity for people to realize their aspirations. Not just about alleviating a future of stress but going beyond it to create a future of possibility.

 

So when we’re on the doorstep in 2015, it’s not just about the next five years, but the five years after that. Its about explaining to the parents of those kids that I see in the schools in Streatham what their futures will look like after a decade of growing up under a Labour Government. A 2015 manifesto with an agenda for 2025.

 

This is why our commitment to implement a comprehensive industrial strategy is so important. Strategically working with the sectors which will deliver growth in the future.  Creating the right environment for businesses to grow and innovate, with a proper British Investment Bank, regional banks, more and better quality apprenticeships and strong regional institutions for growth. 

 

That industrial strategy will enable us to tell a story about the direction the next Labour Government wants to take our country in the long term and the opportunities, working with business, which we seek to generate for people as a result.

 

And you embody this side of our Party – the side that looks to create a future of opportunity. People who make things happen, but recognize society provided them with a platform to help them do it.

 

So we need you to go even further in advocating the values of the Labour Party; communicating, defending and arguing for the policies of the Labour Party – and the stark choice that faces the people in 2015.

 

And we need you to continue to be great role models of what business and industry can be – a powerful and vital member of the community that enhances every part of our country.

 

And that’s what we’re here for – the future of all the people in this country.  We’re here because we understand – deeply – that the future of every person is diminished when the future of one person is threatened. That we are one Britain – One Nation.

 

We’re not here just to elect Labour, we’re here to secure our nation’s future. We’re here to create a future of opportunity for all of our people.

 

Thank you.

Chuka Umunna speaks at the Labour conference in Brighton earlier this year. Photograph: Getty Images.

Chuka Umunna is Labour MP for Streatham and Chair of the All Party Parliamentary Group on Social Integration.

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Full speech: John McDonnell's new, socialist economic policy to include a Living Wage Review

Floating a £10 an hour Living Wage and the possibility of Universal Basic Income, the Shadow Chancellor told the audience at Labour party conference they no longer have to "whisper" the word socialism. Read McDonnell's speech below.

Now the leadership election is over, I tell you, we have to become a government in waiting. An election could come at any time. Theresa May has said that she will not be calling an early election, but when could anyone trust a Tory leader?

We have to prepare ourselves not just for fighting an election but for moving into Government. To do that successfully we have to have the policies and the plans for their detailed implementation on the shelf, in place for when we enter government whenever that election comes.

Everybody in the Party, at every level and in every role, needs to appreciate the sense of urgency about this task, the mess we will inherit. So in this speech I want to address some of the key issues we will face and how we will face them.

First though, we need to appreciate the mess that the Tories are leaving behind for when we go into Government. Six years on from when they promised to eliminate the Government’s deficit in five years, they are nowhere near that goal. The national debt burden was supposed to be falling by last year, and it is still rising. In money terms, it now stands at £1.6 trillion. Our productivity has fallen far behind. Each hour worked in the US, Germany or France is one-third more productive than each hour worked here. Our economy is failing on productivity because the Tories are failing to deliver the investment it needs, and government investment is still planned to fall in every remaining year of this Parliament.

In the real world economy that our people live in wages are still lower than they were before the global financial crisis in 2008. There are now 800,000 people on zero hours contracts, unable to plan from one week to the next, and the number continues to rise. Nearly half a million in bogus self-employment, 86 per cent of austerity cuts fall on women,  nearly 4 million of our children are living in poverty.

As the fifth richest economy in the world, it shoudn't be like this.

So let's talk about the immediate issues facing us. On Brexit, we campaigned to remain but we have to respect the decision of the referendum. That doesn't mean we have to accept what the Tories serve up for our future relationship with Europe.

Since the Brexit vote, the Tories have come up with no plan whatsoever. They have no clue. Half of them want a hard Brexit, to walk away from 30 years of investment in our relationship with Europe.  Some are just paralysed by the scale of the mess they created. Working with our socialist and social democratic colleagues across Europe, our aim is to create a new Europe which builds upon the benefits of the EU but tackles the perceived disbenefits.

I set out Labour’s red lines on the Brexit negotiations a few days after the vote. Let's get it straight, we have to protect jobs here. So we will seek to preserve access to the Single Market for goods and services. Today, access to the Single Market requires freedom of movement of labour. But we will address the concerns that people have raised in the undercutting of wages and conditions, and the pressure on local public services.

We will not let the Tories to bargain away our workers’ rights. We will defend the rights of EU nationals that live and work here and UK citizens currently living and working in Europe. We were all appalled at the attacks that took place on the Polish community in our country following the Brexit vote. Let's be clear that, as a Party, we will always stand up against racism and xenophobia in any form.

In the negotiations we also want Britain to keep its stake in the European Investment Bank. At the centre of negotiations is Britain’s financial services industry.Our financial services have been placed under threat as a result of the vote to leave. Labour has said we will support access to European markets for financial services. But our financial services must understand that 2008 must never happen again. We will not tolerate a return to the casino economy that contributed to that crash.

We will support financial services where they deliver a clear benefit to the whole community - not just enriching a lucky few. We’ll work with the finance sector to develop this new deal with finance for the British people.

We will fight for the best possible Brexit deal for the British people.

There will be no more support for TTIP or any other trade deal that promotes deregulation and privatisation, here or across Europe. And we'll make sure any future government has the power to intervene in our economy in the interests of the whole country.

For Britain to prosper in that new Europe and on the world stage, our next major challenge is to call a halt to this government's austerity programme.

The Conservative Party built upon the disaster of the 2008 financial crisis by introducing an austerity programme that has made the impact of the economic crisis more prolonged, protected the corporations and the rich, and made the rest of society pay for the mistakes and greed of the speculators that caused the crash.

Last year this Conference determined that this party would oppose austerity and that's exactly what we've done. We have had some major successes. We've forced the reversal of tax credit cuts.We also fought and won to have the Personal Independence Payment cuts scrapped.

Sometimes we don’t thank people enough in our movement. So I want to thank Owen Smith for the work he’s done working with Jeremy to defeat the Tories on this.

These are tangible victories that are making a real difference to people’s lives. This is what we can achieve when we are united.

So when we go into government united, be clear, we will end this government's austerity programme that has damaged the lives of so many of our communities. The first step is opposing austerity; the second step is creating the alternative.

Exactly as our economic advisor, Nobel Prize winner, Joe Stiglitz, says: “we have to rewrite the rules of our economy”.

We will rewrite the rules to the benefit of working people on taxes, investment, and how our economic institutions work. So on tax, we know we can’t run the best public services in the world on a flagging economy with a tax system that does not tax fairly or effectively.

I’ll congratulate the Christians on the Left for their campaign promoting the hashtag “patriots pay their taxes”. It’s a great slogan. Patriots should pay their taxes. Labour are already setting the pace on tackling tax avoidance and tax evasion.

We launched our Tax Transparency and Enforcement Programme to force the Government into action. I’d like to thank Rebecca Long-Bailey for leading the Labour charge in Parliament to hold the tax dodgers to account.

The publication of the Panama papers threw just some light on the scale of tax evasion and avoidance. Some of the largest firms in the City of London are up to their necks in it. HSBC alone accounted for more than 2,300 shell companies established to help the super-rich duck their taxes.

In government we will end the social scourge of tax avoidance. We will create a new Tax Enforcement Unit at HMRC, doubling the number of staff investigating wealthy tax avoiders. We will ban tax-dodging companies from winning public sector contracts. And we will ensure that all British Crown Dependencies and Overseas Territories introduce a full, public register of company owners and beneficiaries.

Our review of HMRC has also exposed the corporate capture of the tax system, and how staff cutbacks are undermining our ability to collect the taxes we need. I want to thank PCS, Professor Prem Sikka, John Christiansen and their team for the expertise they have provided us in drawing up this review.

The next stage of our work will be to develop the legislation and international agreements needed to close tax havens and end tax abuse. I’ll give you this assurance that when we go back into government, we’ll make sure HMRC has the staffing, the resources, and the legal powers to close down the tax avoidance industry that has grown up in this country.

But we have to do more than stop tax avoidance. The burden of taxation as a whole now falls too heavily on those least able to pay. So let me make it clear: in this coming period we will be developing the policies that will shift the tax burden more fairly, away from those who earn wages and salaries and onto those who hold wealth.

Turning to investment, as I've said before, Labour as a party of government needs to think not just how we spend money but how we earn it. I've announced a £250billion investment programme that will ensure no community is left behind. This is the scale of investment that independent experts say will start to bring Britain's infrastructure into the 21st century.

It means putting the investment in place that will transform our energy system, providing cheap, low-carbon electricity. It means ensuring every part of the country has access to superfast broadband, matching the best in the world. It means delivering the transport improvements, including HS3 in the north of England, that will unlock the potential of our whole country.

For too long major decisions about what and where to invest have been taken by Whitehall and the City. The result has been underinvestment and decline across the country. It’s time for our regions and localities to take back control. So we will create new institutions, not run by the old elite circles.

Our £250billion National Investment Bank will supply the long-term, patient finance needed to sustain a new, more productive economy. It will be backed up by a network of regional development banks, with a clear public mandate to supply finance to regional and local economies.

It’s a disgrace that our small businesses can’t get the finance they need to grow. Our financial system is letting them down badly. The new regional development banks will have a mandate to provide the patient, long-term investment they need.

But we’ll go further than this. We’ll shake up how our major corporations work and change how our economy is owned and managed. We’ll clamp down on the abuses of power at the very top. There’ll be no more Philip Greens under Labour and we will legislate to rewrite company law to prevent them.

We'll introduce legislation to ban companies taking on excessive debt to pay out dividends to shareholders. And we'll rewrite the Takeover Code to make sure every takeover proposal has a clear plan in place to pay workers and pensioners.

But we can do more to transform our economy for working people. Theresa May has spoken about worker representation on boards. It’s good to see her following our lead. We know that when workers own and manage their companies, those businesses last longer and are more productive.

If we want patient, long-term investment, and high-quality firms, what better way to do it than give employees themselves a clear stake in both? Co-operation and collaboration is how the emerging economy of the future functions.  We’ll look to at least double our co-operative sector so that it matches those in Germany and the US.

We’ll build on the good example of Labour Councils like Preston, here in the north-west, using public procurement to support co-operatives where they can. We’ll help create 200 local energy companies and 1,000 energy co-operatives, giving power back to local communities and breaking up the monopoly of the Big Six producers. And we’ll introduce a “Right to Own”, giving workers first refusal on a proposal for worker ownership when their company faces a change of ownership or closure.

So the next Labour government will promote a renaissance in co-operative and worker ownership. The new regional development banks will be tasked with supplying the capital a new generation of business owners will need to succeed.

We’ll support business hubs across the country. I visited Make Liverpool yesterday, where an abandoned warehouse is being turned into a shared workshop space for small businesses and the self-employed. The next Labour government will provide support to establish business hubs in every town and city.

We know the economy is changing, with more people self-employed than ever before. We need to think creatively about how to respond and so we’ll be taking a serious look at how to make the welfare system better support the self-employed.

And I am also interested in the potential of a Universal Basic Income - to learn from its potential from the experiments currently taking place across Europe.

But until working people have proper protections at work, the labour market will always work against them. To achieve fair wages, the next Labour government will look to implement the recommendations of the Institute of Employment Relations.

We’ll reintroduce sectoral collective bargaining across the economy, ending the race to the bottom on wages. And let me give you this commitment: in the first hundred days of our Labour government, we’ll repeal the Trade Union Act.

And what happens when trade unions are weakened? Over 200,000 workers in the UK are receiving less than the minimum wage set down in law. This is totally unacceptable.

Under Labour, we will properly resource HMRC and the Gangmasters and Labour Abuse Authority to make sure there are no more national scandals like Mike Ashley of Sports Direct. And our vision for a high-wage economy, with everyone receiving their fair dues, does not end there.

I have spoken before about building on the great achievements of previous Labour governments. One of the greatest achievements of the government elected in 1997 was the establishment of a national minimum wage, lifting millions out of poverty. The Tories opposed it, claiming it would cost millions of jobs, but - united in purpose - we won the argument.

Under the next Labour government, everyone will earn enough to live on. When we win the next election we will write a real Living Wage into law. We'll charge a new Living Wage Review Body with the task of setting it at the level needed for a decent life. Independent forecasts suggest that this will be over £10 per hour. This will be a fundamental part of our new bargain in the workplace.

But we know that small businesses need to be a part of the bargain. That’s why we will also be publishing proposals to help businesses implement the Living Wage, particularly small and medium-sized companies. We will be examining a number of ideas, including the expansion and reform of Employment Allowance, to make sure that this historic step forward in improving the living standards of the poorest paid does not impact on hours or employment.

Backed up by our commitment to investment, we will end the scourge of poverty pay. Decent pay is not just fundamentally right, it’s good for business, it’s good for employees, and it’s good for Britain. We need a new deal across our whole economy.Because whatever we do in Britain, the old rules of the global economy are being rewritten for us.

The winds of globalisation are blowing in a different direction.They are blowing against the belief in the free market and in favour of intervention. Look at the steel crisis. With the world market flooded by cheap steel, major governments moved to protect their domestic steel industries. Ours did not, until we pushed them to. They are so blinkered by their ideology that they can’t see how the world is changing.

Good business doesn’t need no government. Good business needs good government. And the best governments today, right across the world, recognise that they need to support their economies because the way the world works is changing.

For decades, manufacturing jobs disappeared as producers looked for the cheapest labour they could find. Today, one in six manufacturers in the UK are bringing jobs back to Britain. That’s because production today is about locating close to markets and drawing on highly-skilled labour and high-quality investment.

Digital technology means production can be smaller-scale, in smaller, faster firms dependent on co-operation and collaboration, not dog-eat-dog competition. The economies that are making best use of this shift are those with governments that understand it is taking place, and support their new industries and small businesses. We could be a part of that change here.

There is a huge potential in this country, and in every part of this country. We have an immense heritage of scientific research, and engineering expertise. Today, our science system is a world-leader. We have natural resources that could make us world-leaders in renewables. We have talent and ambition in every part of the country.

Yet at every single stage we have a government that fails to reach that potential. It has cut scientific research spending, it has slashed subsidies to renewables, threatening tens of thousands of jobs, and it plans to cut essential public investment in transport, energy, and housing across the whole country.

Be certain, the next Labour government will be an interventionist government. We will not stand by like this one has and see our key industries flounder and our future prosperity put at risk. Like Rebecca Long-Bailey has said, when we return to government we will implement a comprehensive industrial strategy.

After Brexit, we want to see a renaissance in British manufacturing and as we've committed ourselves, our government will create an entrepreneurial state that works with the wealth creators, the workers and the entrepreneurs to create the products and the markets that will secure our long term prosperity.

Let me just say this in conclusion, on a personal note. I'm so pleased that this conference is being held in Liverpool. I was born in the city, not far from here. My dad was a Liverpool docker and my mum was a cleaner who then served behind the counter at British Homes Stores for 30 years. I was part of the 1960's generation.  We lived in what sociological studies have described as some of the worst housing conditions that exist within this country. We just called it home.

As a result of Labour government policies, I remember the day we celebrated moving into our council house. My brother and I had our own bedrooms for the first time. We had a garden front and rear, both of us were born in NHS hospitals, and both of us had a great free education. There was an atmosphere of eternal optimism.

Our generation always thought that from here on there would always be a steady improvement in people's living standards. We expected the lives of each generation would improve upon the last. Successive Tory governments put an end to that.

Under Jeremy's leadership, I believe that we can restore that optimism, people's faith in the future. In the birthplace of John Lennon, it falls to us to inspire people to imagine.

Imagine the society that we can create. It's a society that's radically transformed, radically fairer, more equal and more democratic. Yes, based upon a prosperous economy but an economy that's economically and environmentally sustainable and where that prosperity is shared by all.

That's our vision to rebuild and transform Britain.

In this party you no longer have to whisper it, it's called Socialism.