The Work and Pensions Secretary Iain Duncan Smith is speaking at the Conservative conference in Birmingham.
He had harsh criticism for Labour over its welfare spending and employment record, and praise for the government's controversial Work Experience scheme which he described as "an incredible success".
He said: "Half of those taking part are off benefits within 21 weeks of starting their work experience course. How incredible.
"Labour and the unions would rather have the people of this country living on state handouts and being unemployed."
The Chancellor's surprise plan for swapping job rights for shares is praised as "innovative", but what does it mean for the average worker?
The Chancellor told the assembled delegates that they were still, "all in it together," and that he was right to cut the 50p tax rate.
The Government is to press ahead with plans to slash an extra £10 billion from the welfare budget by 2016-17, the Chancellor has said.