George Eustice, MP for Camborne, Redruth & Hayle has today welcomed figures that has showed the level of money that the Government borrows had fallen to its lowest level since 2001.
Nine years after the Labour Party left government, unemployment is at its lowest level for 50 years with a record number of just under 33 million people now in work, and the highest employment rate since records began in 1971. What this means is that the number of people working has continued to grow, whilst the share of the workforce looking for work and unable to find it remains at its lowest level for over 40 years. Today's figures further reinforce the good work that the Government is doing to help deliver a balanced economy that works for everyone.
George commented, "These statistics are no accident but the product of a series of reforms introduced by the government to improve our economy and a lot of hard work by everyone to achieve for their family. We’ve cut taxes, reformed welfare, made it easier for businesses to employ people, frozen fuel duty and increased the national living wage. As a country, we’re now growing faster than other EU nations, with the International Monetary Fund recently stating that they expect the UK to have the joint-fastest GDP growth among European countries in the G7 nations in both 2019 and 2020, further strengthening the case that Britain is a great place to live, start a business and raise a family."