Michael Gove has welcomed new figures showing the British economy is now above its pre-crisis peak, after Labour’s Great Recession saw the economy shrink by 7.2 per cent.
The economy grew by 0.8 per cent in Q2 2014, up 3.1 per cent on the same period last year.
This continuing growth means there are more businesses, creating more jobs, so that more families can have the security of a regular pay packet and the peace of mind for the future that brings.
Local signs of growth include the news that came out of a recent meeting between Michael Gove MP and Glen Fulton, General Manager of The Mall Camberley. Mr Fulton reported that footfall had increased, and that 100% of The Mall’s shop units will be let by the end of the summer.
Michael Gove said:
“Thanks to the hard work of people in Surrey Heath and across Britain the economy is now above its pre-crisis peak - a major milestone in the Conservatives’ long-term economic plan. It means more businesses, creating more jobs, as they have at The Mall, so families can look forward to a brighter, more secure future.
“But there is still a long way to go. The Great Recession was one of the deepest of any major economy and cost Britain six years, hitting people in Surrey Heath hard.
“Now we owe it to hardworking taxpayers not to repeat the mistakes of the past and instead to stick with the plan that is delivering economic security and a brighter future for all.”