The economy is growing strongly – the strongest growth in this part of the year for ten years. And Britain’s credit rating has been secured, after it had been put at risk by the previous Government.
In an uncertain global economy this will help to underpin confidence in the recovery. And it is a vote of confidence in the Coalition Government’s economic policy.
If we listened to Labour, our debt would be almost £100 billion higher by the end of the Parliament and we would be paying £4 billion more in debt interest alone by the time of the next election – money that goes to foreign creditors to help pay for their schools and hospitals rather than our own. Their approach would take us back to the brink of bankruptcy – that would mean less growth, less investment and fewer jobs.
Business Leaders across Great Britain have already backed the Coalitions economic policy, its high time that society started to do the same thing. After all this deficit is Labour's Legacy, why are we being punished for it?
