MP welcomes positive economic signs

Julian Smith MP is welcoming that the growth shown in the UK’s economy in the latest GDP figures is reflected in the latest economic figures for the Skipton and Ripon constituency.

The National Office of Statistics reported that the UK economy grew by 0.8% in the three months between July and September.

This positive economic news is supported by recent figures for Skipton and Ripon:

  • The number of people out of work and claiming Jobseekers Allowance (JSA) continues to fall – in September 2013 there were 752 people receiving JSA, down 5% in one month and 28% in one year.
  • Youth unemployment is also falling – 165 18-24 year olds were claiming JSA in September 2013, down 8% in one month and 35% in one year.
  • The number of people of economically active age in employment is strong – latest figures show 81% of those between 16 and 64 are in employment.
  • Across Yorkshire, there has been a 5% increase in the number of private sector businesses in the past three years from 336,025 in 2010 to 353,710 in 2013.

Julian said:

“These figures are positive news for everyone in Skipton and Ripon who wants to work hard and get on in life. Thanks to the hard work and sacrifices of people across the country, the British economy is now turning a corner.

“Despite these positive signs, there is more to do which is why in 2014 the Government will cut the jobs tax on all businesses with a new £2,000 Employment Allowance to encourage new job creation. The Government is committed to securing a recovery that works for all hardworking people.”