George Osborne Full employment speech Tilbury Docks, Essex

The video discusses the strategic economic plan to make the country the best place for job creation and employment. It highlights the goal of achieving the highest employment rate among the world's largest economies. The plan includes cutting taxes for businesses to encourage investment and hiring, as well as reducing taxes for individuals through a personal allowance. Additionally, it emphasizes the importance of a welfare system that incentivizes work.

What specific tax changes are mentioned in the text?

How does the welfare system relate to the employment strategy discussed?