Thursday, 25 October 2012

UK's First Glimmer Of Economic Recovery Welcomed By Huppert

News that the UK has pulled out of recession with one per cent growth in the last quarter has been welcomed by Cambridge MP Julian Huppert.

“This is very good news,” he said. “Our economy is moving in the right direction and I am delighted that the Olympics and Paralympics had such a positive effect on the summer’s GDP figure - as they also did to people's happiness and wellbeing.

“It is important to realise, however, that we still have a long way to go. We are pulling the UK out of a deep economic recession brought on by huge borrowing and poor financial planning by the previous government; it will be a slow recovery. The problems in Europe are not helping, but I am pleased we are managing despite that.

“I am also pleased the Cambridge has managed to weather this recession better than most. We have seen unemployment remain consistently low - it has never been as high as it was at the time of the General Election - and companies are still confident enough to be able to offer new jobs. The city has managed to buck the trend and I am hopeful that those who still find themselves out of work will soon see their fortunes improving.”