Wednesday 7 April 2010

Local MP says "don't risk jobs and homes."

As the OECD forecasts that the UK economy is set to grow more strongly than other developed countries, the MP for South Thanet has called on the electorate not to put the recovery at risk.

The Organisation for Economic Co-Operation and Development (OECD) says the UK economy will outstrip its G7 rivals in the second quarter of this year. The OECD is predicting it will expand at an annual rate of 3.1%, in line with the government's own Budget forecast.
Such a rate would put the UK ahead of the US, Japan, Germany, France and Italy - only Canada, the G7's most raw material-rich country, would do better.

Stephen Ladyman, the MP for South Thanet said:

"The Government has taken the right decisions on the economy and its judgement has been spot on. This level of growth will also mean that the Government collects more in tax revenue and we can reduce the deficit while protecting front line services. Cutting Government spending more quickly threatens a double dip recession as today's business surveys show and in Thanet and Dover that would mean hundreds of people losing their jobs and possibly their homes too."

"Voters must not risk their jobs and homes on a reckless gamble on the Tories. Mr Cameron got every call wrong during the recession and he is wrong now on taxes and the deficit. Here in East Kent we have Tory candidates with no experience who would slavishly back a Tory leader who is out of his depth."

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