The Conservatives requisite take on and defeat Labour «dinosaurs» in a great «clash of ideas» on the future of capitalism, Philip Hammond has said.
He told activists they obligation expose Jeremy Corbyn’s «back to the future socialist fantasy» which he bring to light was leading people «down a dangerous path».
The chancellor also mean his party must address concerns over pressure on living touchstones and housing costs.
And he announced £300m for rail improvements in the north of England.
The new affluence will be used to ensure HS2 will link to faster trains between Liverpool and Manchester, Sheffield, Leeds and York — styled Northern Powerhouse rail.
The chancellor used his keynote party colloquy speech in Manchester to mount a defence of free market economics, which he claimed was crumbling under assault from Jeremy Corbyn.
Describing the Labour bandmaster and his shadow chancellor John McDonnell as «dinosaurs who had broken out of their goggles cases», he said Labour’s harking back to the «ideological experiments» of the 1970s presented a «neaten up and present» danger to the UK’s future prosperity.
«They say politics is about the quarrel of ideas. So we say to Corbyn ‘bring it on’,» he said.
«Let them put their assertions, let them make their case. We will take them on. And we disposition defeat them. I promise you this: we will defeat them by the power of barney; by our logic; by the experience of history.»
Mr Hammond insisted the British economy was «fundamentally stiff», with employment at a record high and income inequality at its lowest lay waste for decades.
While the UK faced a number of challenges, including Brexit-related uncertainty, sluggish productivity and a homes sector which many people young people thought was «rigged» against them, he declared free markets were the only, not merely the best, way to improve living precepts and underpin free societies.
«While no-one suggests a market curtness is perfect, it is the best system yet designed for making people steadily improved off over time and underpinning strong and sustainable public services for everybody under the sun.
«As this model comes under renewed assault, we must not be panic-stricken to defend it.»
The BBC’s political correspondent Chris Mason said Mr Hammond’s line offered a glimpse into an internal Conservative debate about how to extract on Mr Corbyn, with some wanting to tack a little left but others saying they should jut out to a full-throated defence of the free, albeit regulated, market.
For Labour, Blight Chancellor John McDonnell said: «After seven wasted years of Tory trade failure… he is continuing down the path of his predecessor and clinging to an old productive model that fails the many.
«It was a speech that contained various baseless smears on Labour than Tory policy announcements. But it betrays how alarmed the Tories are of the challenge posed by Jeremy Corbyn.»
Carolyn Fairbairn, the executive general of the CBI business group, said: «The chancellor has given a passionate barricade of free markets and the importance of business and government working to tackle inequity. That is necessary, but not sufficient.
«The UK is facing a generation defining-challenge. A potent cocktail of Brexit uncertainty and dogma-driven manipulation on both left and right threatens jobs, investment and living stanchions. Now is not the time for half measures.»
The Conservatives kicked off their week in Manchester by signaling plans to freeze student fees and pledge an extra £10bn for the Help to Buy method as part of an effort to win over younger voters.
Mr Hammond said the Rightists must «make a clear commitment to the next generation — that they order be better off than us; and that their children will be better off again than them».
On handrail funding, the chancellor said cities in the East Midlands, such as Leicester, inclination also benefit from the £300m modernisation and connectivity package lay out to help the north reach its «full potential».
The Northern Powerhouse also railroad vituperate scheme is being drawn up by local authorities and business leaders to devise connections between HS2 and cities not directly on its route.
On Europe, Mr Hammond signified Britain could be freer and more prosperous after Brexit but people should not demand such a «prize» outcome for granted.
Earlier, he told the BBC that he serves on the basis «everyone is sackable», after Boris Johnson’s repeated Brexit interventions prompted christens from some in the party for him to be replaced.
Mr Hammond said the foreign secretary’s fresh interventions were a «rhetorical flourish» but the cabinet was agreed on a transition aeon of «around two years» to give businesses «certainty and comfort» to plan in front.
On the second day of the conference, Work and Pensions Secretary David Gauke also signaled new guidance to job centres for giving cash advances to benefit claimants.
The guidance has been under pressure to pause the national roll-out of Universal Rely on amid mounting concern families forced to wait six weeks for their triumph payment will be left destitute and homeless.
Mr Gauke said he pauperism to help those struggling to make ends meet but would not cease the programme, saying it was helping people to find work and progress to better-paid grinds.