UK plc growth fig­ures are good news for Calder Val­ley

Halifax Courier - - Tour De France In Calderdale -

The econ­omy is in the news again and it is great to see the ben­e­fits that are be­ing felt right across the Calder Val­ley as a re­sult of the eco­nomic plan we have as a coun­try.

I of­ten say in these pages that as far as our businesses and man­u­fac­tur­ers in the Calder Val­ley are con­cerned, we punch well above our weight. The lat­est un­em­ploy­ment fig­ures are fur­ther ev­i­dence of this with the Calder Val­ley now well be­low what it was in 2010.

Still some way to go at three per cent, but we are back to be­low where we were when the eco­nomic cri­sis started. Be­fore the cyn­ics say that they are all part-time jobs, this is not the case. The mix be­tween full time and part time va­can­cies is the same as it has been for the past decade at ap­proxi- mately 75 per cent full time and 25 per cent part time. Fur­ther good news is that we now have more people em­ployed na­tion­ally than we ever have in our his­tory at just over 30m people.

On the eco­nomic front our growth fig­ures have been raised so UK plc now has the strong­est growth fore­cast of many of our ma­jor global com­peti­tors. Stronger than the U.S. and even stronger than that of Ger­many. More ev­i­dence the Chan­cel­lor’s long term eco­nomic plan is work­ing. Re­mem­ber those who said a mil­lion jobs will be lost? Good to see those who put us in the dire mess we have had to en­dure are wrong again.

The good news just doesn’t stop there though. For the first time in five years we also see wages ris­ing at a faster rate than in­fla­tion. Top that with tax sav­ings, with the £10,000 (£10,500 next year) per­sonal al­lowance thresh­old, the bur­den is start­ing to ease in people’s pock­ets.

We can’t be com­pla­cent how­ever as we still have a long way to go. We need to keep driv­ing the eco­nomic plan for­ward to en­sure that we bal­ance the books and then start pay­ing down the hor­ren­dous amount of debt that we have been left. Never again should our coun­try be put in the po­si­tion which we were in by any govern­ment who thinks spend­ing their way out of re­ces­sion is the right way to go. Ge­orge Os­borne’s long term eco­nomic plan is work­ing and is ab­so­lutely the right path to tread.

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