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'Osborne is getting the big calls right,' says Graham Stuart MP

Published: 26th July 2012 13:29

'Osborne is getting the big calls right,' says Graham Stuart MP

Graham Stuart, Member of Parliament for Beverley and Holderness, has backed the Government following the news that GDP has fallen by 0.7 per cent.

Graham said, "These figures are disappointing, but the Government is on the right course and it is imperative that we stick with the plan. Our economy will take time to recover, but even more borrowing and spending can never be the solution. I am glad that a quarter of the spending deficit has already been eliminated. Reductions in government spending here are far less severe than in many of our competitors but are bringing our economy back into balance in a planned and deliberate manner.

"By allowing the private sector to flourish we will see long term recovery. We have seen 800,000 private sector jobs created since the Coalition came to power. This is because the Government has cut red tape, simplified the tax system and lowered corporation tax to the most competitive level in the G20. The Funding for Lending scheme has been encouraging banks to make mortgages and loans cheaper and more easily available.

"We have also acted to ensure that we will have a skilled workforce able to meet the challenges of the years ahead. We now have the biggest number of apprenticeships this country has ever seen and University Technical Colleges are opening to provide cutting edge vocational training.

"Locally, we have seen measures such as the cutting of the Humber Bridge toll and investment in the A164 and Beverley bypass that will help enterprise. George Osborne is getting the big calls right both for this area and the country.

"It's clear Ed Miliband and Ed Balls have learnt nothing from the mistakes they made as key members of Gordon Brown's government. Their answer is more borrowing, more spending and more debt. Our approach is different and will, over time, restore the country's strength and prosperity."