Caroline Welcomes Spring Statement

“During a very difficult week, it has been great to hear that the economy remains robust and the positive action that the Government is taking to tackle our most fundamental issues.” Caroline Dinenage MP.

Gosport MP this week has welcomed the announcements made in the Spring Statement.

The Chancellor addressed the Houses of Commons, confirming that the economy remains resilient and is forecasted to continue to grow. The continued decrease in Government borrowing, as well as rise in employment and real wage growth are forecasted to continue.

The Government announced that it will continue to deliver on key promises, such as environmental protection and affordable housing, while granting vital funding to tackle the recent rise in violent crime.

Some of the key announcements made were;

  •     Record employment will continue to grow, with 600 000 more jobs predicted by 2023
  •     Britain has experienced the fastest wage growth in over a decade
  •     There will be an increase in the National Living Wage to £8.21 this April
  •     The deficit is £3 billion lower than the last forecast and predicted to drop in every year 
  •     A new £3 billion Affordable Homes Guarantee scheme to deliver 30 000 more affordable homes
  •     Free sanitary products for secondary schools and colleges to tackle period poverty
  •     £100 million more funding for police to tackle knife crime
  •     The biggest pledge of any government since 1945 to the NHS with £30.4 billion funding
  •     New Clean Growth measures, such as ‘zero carbon travel’, increasing green gas use and measures to enhance biodiversity

On hearing the Spring Statement, Caroline commented:

“While the headlines have been dominated by Brexit, I am pleased to see that the Government is continuing to work to build a better Britain. I am particularly pleased to see new measures taken to tackle climate change and knife crime, issues that are incredibly important to local communities such as Gosport. The fantastic figures on our economy and wage growth are a testament to the strong economic management of the Conservative Government that has had to work to repair the damage of a Labour legacy. I hope to see this continued progression in Gosport and our local area, benefitting the hard-working local residents and families.”